Wistron NeWeb (Taiwan) Market Value
| 6285 Stock | TWD 118.50 2.00 1.66% |
| Symbol | Wistron |
Wistron NeWeb '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 NeWeb'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 NeWeb.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Wistron NeWeb on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Wistron NeWeb Corp or generate 0.0% return on investment in Wistron NeWeb over 720 days. Wistron NeWeb is related to or competes with Silicon Power, Johnson Chemical, Taishin Financial, Prime Oil, EnTie Commercial, Hsinli Chemical, and APEX International. Wistron NeWeb Corporation researches, develops, produces, and sells communications products worldwide More
Wistron NeWeb 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 NeWeb'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 NeWeb Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.0099 | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 3.51 |
Wistron NeWeb Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wistron NeWeb's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wistron NeWeb's standard deviation. In reality, there are many statistical measures that can use Wistron NeWeb historical prices to predict the future Wistron NeWeb's volatility.| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.1019 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0102 | |||
| Treynor Ratio | 1.11 |
Wistron NeWeb Corp Backtested Returns
At this stage we consider Wistron Stock to be very steady. Wistron NeWeb Corp shows Sharpe Ratio of 0.0232, which attests that the company had a 0.0232% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wistron NeWeb Corp, which you can use to evaluate the volatility of the company. Please check out Wistron NeWeb's Downside Deviation of 2.04, market risk adjusted performance of 1.12, and Mean Deviation of 1.45 to validate if the risk estimate we provide is consistent with the expected return of 0.0492%. Wistron NeWeb has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.0999, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wistron NeWeb's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wistron NeWeb is expected to be smaller as well. Wistron NeWeb Corp right now maintains a risk of 2.12%. Please check out Wistron NeWeb Corp total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Wistron NeWeb Corp will be following its historical returns.
Auto-correlation | -0.87 |
Excellent reverse predictability
Wistron NeWeb Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Wistron NeWeb time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 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 Wistron NeWeb Corp price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Wistron NeWeb price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 289.45 |
Wistron NeWeb Corp lagged returns against current returns
Autocorrelation, which is Wistron NeWeb 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 NeWeb's stock expected returns. We can calculate the autocorrelation of Wistron NeWeb returns to help us make a trade decision. For example, suppose you find that Wistron NeWeb 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 NeWeb 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 NeWeb stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wistron NeWeb stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wistron NeWeb stock over time.
Current vs Lagged Prices |
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Wistron NeWeb Lagged Returns
When evaluating Wistron NeWeb's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wistron NeWeb stock have on its future price. Wistron NeWeb 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 NeWeb autocorrelation shows the relationship between Wistron NeWeb stock current value and its past values and can show if there is a momentum factor associated with investing in Wistron NeWeb Corp.
Regressed Prices |
| Timeline |
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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 Wistron Stock Analysis
When running Wistron NeWeb's price analysis, check to measure Wistron NeWeb'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 NeWeb is operating at the current time. Most of Wistron NeWeb's value examination focuses on studying past and present price action to predict the probability of Wistron NeWeb'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 NeWeb's price. Additionally, you may evaluate how the addition of Wistron NeWeb to your portfolios can decrease your overall portfolio volatility.