Waffer Technology (Taiwan) Market Value
| 6235 Stock | TWD 71.10 0.70 0.97% |
| Symbol | Waffer |
Waffer Technology '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 Waffer Technology'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 Waffer Technology.
| 12/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Waffer Technology on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding Waffer Technology Corp or generate 0.0% return on investment in Waffer Technology over 360 days. Waffer Technology is related to or competes with Wan Hai, U Ming, and China Airlines. Waffer Technology Corporation manufactures and sells light metal products worldwide More
Waffer Technology 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 Waffer Technology'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 Waffer Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0108 | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.13 |
Waffer Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waffer Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waffer Technology's standard deviation. In reality, there are many statistical measures that can use Waffer Technology historical prices to predict the future Waffer Technology's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.0979 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.013 | |||
| Treynor Ratio | 0.5077 |
Waffer Technology Corp Backtested Returns
At this stage we consider Waffer Stock to be very steady. Waffer Technology Corp shows Sharpe Ratio of 0.0189, which attests that the company had a 0.0189% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Waffer Technology Corp, which you can use to evaluate the volatility of the company. Please check out Waffer Technology's Downside Deviation of 2.22, market risk adjusted performance of 0.5177, and Mean Deviation of 1.98 to validate if the risk estimate we provide is consistent with the expected return of 0.0509%. Waffer Technology has a performance score of 1 on a scale of 0 to 100. 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, Waffer Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Waffer Technology is expected to be smaller as well. Waffer Technology Corp right now maintains a risk of 2.69%. Please check out Waffer Technology Corp market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Waffer Technology Corp will be following its historical returns.
Auto-correlation | 0.07 |
Virtually no predictability
Waffer Technology Corp has virtually no predictability. Overlapping area represents the amount of predictability between Waffer Technology time series from 20th of December 2023 to 17th of June 2024 and 17th of June 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Waffer Technology Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Waffer Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 665.6 K |
Waffer Technology Corp lagged returns against current returns
Autocorrelation, which is Waffer Technology 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 Waffer Technology's stock expected returns. We can calculate the autocorrelation of Waffer Technology returns to help us make a trade decision. For example, suppose you find that Waffer Technology 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 |
Waffer Technology 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 Waffer Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waffer Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waffer Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Waffer Technology Lagged Returns
When evaluating Waffer Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waffer Technology stock have on its future price. Waffer Technology 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, Waffer Technology autocorrelation shows the relationship between Waffer Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Waffer Technology Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Waffer Stock Analysis
When running Waffer Technology's price analysis, check to measure Waffer Technology'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 Waffer Technology is operating at the current time. Most of Waffer Technology's value examination focuses on studying past and present price action to predict the probability of Waffer Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waffer Technology's price. Additionally, you may evaluate how the addition of Waffer Technology to your portfolios can decrease your overall portfolio volatility.