WiseChip Semiconductor (Taiwan) Market Value
| 5245 Stock | TWD 32.00 0.10 0.31% |
| Symbol | WiseChip |
WiseChip Semiconductor '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 WiseChip Semiconductor'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 WiseChip Semiconductor.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in WiseChip Semiconductor on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding WiseChip Semiconductor or generate 0.0% return on investment in WiseChip Semiconductor over 90 days. WiseChip Semiconductor is related to or competes with CTBC Financial, Oceanic Beverages, Taishin Financial, O Bank, Taichung Commercial, Kings Town, and Hua Nan. WiseChip Semiconductor Inc. researches, designs, develops, manufactures, and markets organic light emitting diodes in Ta... More
WiseChip Semiconductor 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 WiseChip Semiconductor'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 WiseChip Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0194 | |||
| Maximum Drawdown | 13.17 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.81 |
WiseChip Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WiseChip Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WiseChip Semiconductor's standard deviation. In reality, there are many statistical measures that can use WiseChip Semiconductor historical prices to predict the future WiseChip Semiconductor's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.1241 | |||
| Treynor Ratio | 0.335 |
WiseChip Semiconductor Backtested Returns
WiseChip Semiconductor shows Sharpe Ratio of -0.0421, which attests that the company had a -0.0421 % return per unit of risk over the last 3 months. WiseChip Semiconductor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WiseChip Semiconductor's Market Risk Adjusted Performance of 0.345, standard deviation of 1.61, and Mean Deviation of 0.9199 to validate the risk estimate we provide. The firm maintains a market beta of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WiseChip Semiconductor are expected to decrease at a much lower rate. During the bear market, WiseChip Semiconductor is likely to outperform the market. At this point, WiseChip Semiconductor has a negative expected return of -0.0678%. Please make sure to check out WiseChip Semiconductor's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if WiseChip Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
WiseChip Semiconductor has insignificant reverse predictability. Overlapping area represents the amount of predictability between WiseChip Semiconductor time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 WiseChip Semiconductor price movement. The serial correlation of -0.15 indicates that less than 15.0% of current WiseChip Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
WiseChip Semiconductor lagged returns against current returns
Autocorrelation, which is WiseChip Semiconductor 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 WiseChip Semiconductor's stock expected returns. We can calculate the autocorrelation of WiseChip Semiconductor returns to help us make a trade decision. For example, suppose you find that WiseChip Semiconductor 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 |
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WiseChip Semiconductor 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 WiseChip Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WiseChip Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WiseChip Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
WiseChip Semiconductor Lagged Returns
When evaluating WiseChip Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WiseChip Semiconductor stock have on its future price. WiseChip Semiconductor 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, WiseChip Semiconductor autocorrelation shows the relationship between WiseChip Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in WiseChip Semiconductor.
Regressed Prices |
| Timeline |
Pair Trading with WiseChip Semiconductor
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 WiseChip Semiconductor 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 WiseChip Semiconductor will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to WiseChip Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WiseChip Semiconductor 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 WiseChip Semiconductor - 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 WiseChip Semiconductor to buy it.
The correlation of WiseChip Semiconductor 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 WiseChip Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WiseChip Semiconductor 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 WiseChip Semiconductor 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 WiseChip Stock Analysis
When running WiseChip Semiconductor's price analysis, check to measure WiseChip Semiconductor'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 WiseChip Semiconductor is operating at the current time. Most of WiseChip Semiconductor's value examination focuses on studying past and present price action to predict the probability of WiseChip Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WiseChip Semiconductor's price. Additionally, you may evaluate how the addition of WiseChip Semiconductor to your portfolios can decrease your overall portfolio volatility.