Wistron Information (Taiwan) Market Value
| 4953 Stock | TWD 111.50 3.50 3.04% |
| Symbol | Wistron |
Wistron Information 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Wistron Information's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Wistron Information.
| 01/02/2025 |
| 03/03/2025 |
If you would invest 0.00 in Wistron Information on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Wistron Information Technology or generate 0.0% return on investment in Wistron Information over 60 days. Wistron Information is related to or competes with Wistron Corp, Wistron NeWeb, Pegatron Corp, Dimerco Data, and Arcadyan Technology. More
Wistron Information Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Wistron Information's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Wistron Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.0256 | |||
| Maximum Drawdown | 17.5 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 3.06 |
Wistron Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wistron Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wistron Information's standard deviation. In reality, there are many statistical measures that can use Wistron Information historical prices to predict the future Wistron Information's volatility.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | 0.031 | |||
| Total Risk Alpha | 0.1441 | |||
| Sortino Ratio | 0.0258 | |||
| Treynor Ratio | (0.06) |
Wistron Information Backtested Returns
At this stage we consider Wistron Stock to be very steady. Wistron Information shows Sharpe Ratio of 0.0177, which attests that the company had a 0.0177 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wistron Information, which you can use to evaluate the volatility of the company. Please check out Wistron Information's Market Risk Adjusted Performance of (0.05), downside deviation of 2.92, and Mean Deviation of 1.96 to validate if the risk estimate we provide is consistent with the expected return of 0.0557%. Wistron Information has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of -0.93, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Wistron Information are expected to decrease slowly. On the other hand, during market turmoil, Wistron Information is expected to outperform it slightly. Wistron Information right now maintains a risk of 3.14%. Please check out Wistron Information standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Wistron Information will be following its historical returns.
Auto-correlation | -0.47 |
Modest reverse predictability
Wistron Information Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Wistron Information time series from 2nd of January 2025 to 1st of February 2025 and 1st of February 2025 to 3rd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wistron Information price movement. The serial correlation of -0.47 indicates that about 47.0% of current Wistron Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 8.78 |
Wistron Information lagged returns against current returns
Autocorrelation, which is Wistron Information stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Wistron Information's stock expected returns. We can calculate the autocorrelation of Wistron Information returns to help us make a trade decision. For example, suppose you find that Wistron Information has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Wistron Information regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Wistron Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wistron Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wistron Information stock over time.
Current vs Lagged Prices |
| Timeline |
Wistron Information Lagged Returns
When evaluating Wistron Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wistron Information stock have on its future price. Wistron Information autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Wistron Information autocorrelation shows the relationship between Wistron Information stock current value and its past values and can show if there is a momentum factor associated with investing in Wistron Information Technology.
Regressed Prices |
| Timeline |
Pair Trading with Wistron Information
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wistron Information position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wistron Information will appreciate offsetting losses from the drop in the long position's value.Moving together with Wistron Stock
The ability to find closely correlated positions to Wistron Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wistron Information when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wistron Information - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wistron Information Technology to buy it.
The correlation of Wistron Information is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wistron Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wistron Information moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wistron Information can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Wistron Stock Analysis
When running Wistron Information's price analysis, check to measure Wistron Information's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wistron Information is operating at the current time. Most of Wistron Information's value examination focuses on studying past and present price action to predict the probability of Wistron Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wistron Information's price. Additionally, you may evaluate how the addition of Wistron Information to your portfolios can decrease your overall portfolio volatility.