K Way (Taiwan) Market Value
| 5201 Stock | TWD 33.55 0.45 1.32% |
| Symbol | 5201 |
K Way '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 K Way'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 K Way.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in K Way on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding K Way Information or generate 0.0% return on investment in K Way over 30 days. K Way is related to or competes with Top Union, Feng Ching, Universal Vision, Unitech Electronics, Shian Yih, Yao Sheng, and Level Biotechnology. More
K Way 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 K Way'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 K Way Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.1699 | |||
| Maximum Drawdown | 14.95 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 4.04 |
K Way Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K Way's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K Way's standard deviation. In reality, there are many statistical measures that can use K Way historical prices to predict the future K Way's volatility.| Risk Adjusted Performance | 0.1176 | |||
| Jensen Alpha | 0.3243 | |||
| Total Risk Alpha | 0.527 | |||
| Sortino Ratio | 0.2602 | |||
| Treynor Ratio | (1.56) |
K Way Information Backtested Returns
K Way appears to be very steady, given 3 months investment horizon. K Way Information has Sharpe Ratio of 0.16, which conveys that the company had a 0.16 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for K Way, which you can use to evaluate the volatility of the entity. Please exercise K Way's downside deviation of 1.53, and Mean Deviation of 1.47 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, K Way holds a performance score of 12. The firm secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning K Way are expected to decrease at a much lower rate. During the bear market, K Way is likely to outperform the market. Please check K Way's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether K Way's current price movements will revert.
Auto-correlation | 0.23 |
Weak predictability
K Way Information has weak predictability. Overlapping area represents the amount of predictability between K Way time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th 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 K Way Information price movement. The serial correlation of 0.23 indicates that over 23.0% of current K Way price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
K Way Information lagged returns against current returns
Autocorrelation, which is K Way 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 K Way's stock expected returns. We can calculate the autocorrelation of K Way returns to help us make a trade decision. For example, suppose you find that K Way 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 |
K Way 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 K Way stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K Way stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in K Way stock over time.
Current vs Lagged Prices |
| Timeline |
K Way Lagged Returns
When evaluating K Way's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K Way stock have on its future price. K Way 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, K Way autocorrelation shows the relationship between K Way stock current value and its past values and can show if there is a momentum factor associated with investing in K Way Information.
Regressed Prices |
| Timeline |
Pair Trading with K Way
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 K Way 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 K Way will appreciate offsetting losses from the drop in the long position's value.Moving against 5201 Stock
| 0.58 | 5210 | APEX International | PairCorr |
| 0.49 | 5514 | Sunfon Construction | PairCorr |
| 0.38 | 1235 | Shin Tai Industry | PairCorr |
The ability to find closely correlated positions to K Way could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K Way 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 K Way - 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 K Way Information to buy it.
The correlation of K Way 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 K Way moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if K Way 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 K Way 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 5201 Stock Analysis
When running K Way's price analysis, check to measure K Way'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 K Way is operating at the current time. Most of K Way's value examination focuses on studying past and present price action to predict the probability of K Way's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move K Way's price. Additionally, you may evaluate how the addition of K Way to your portfolios can decrease your overall portfolio volatility.