Wiwynn Corp (Taiwan) Market Value

6669 Stock   2,190  170.00  8.42%   
Wiwynn Corp's market value is the price at which a share of Wiwynn Corp trades on a public exchange. It measures the collective expectations of Wiwynn Corp investors about its performance. Wiwynn Corp is selling for under 2190.00 as of the 5th of December 2024; that is 8.42% increase since the beginning of the trading day. The stock's lowest day price was 2035.0.
With this module, you can estimate the performance of a buy and hold strategy of Wiwynn Corp and determine expected loss or profit from investing in Wiwynn Corp over a given investment horizon. Check out Wiwynn Corp Correlation, Wiwynn Corp Volatility and Wiwynn Corp Alpha and Beta module to complement your research on Wiwynn Corp.
Symbol

Please note, there is a significant difference between Wiwynn Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wiwynn Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wiwynn Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Wiwynn Corp '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 Wiwynn Corp'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 Wiwynn Corp.
0.00
11/11/2023
No Change 0.00  0.0 
In 1 year and 25 days
12/05/2024
0.00
If you would invest  0.00  in Wiwynn Corp on November 11, 2023 and sell it all today you would earn a total of 0.00 from holding Wiwynn Corp or generate 0.0% return on investment in Wiwynn Corp over 390 days. Wiwynn Corp is related to or competes with Aspeed Technology, Unimicron Technology, Asmedia Technology, Novatek Microelectronics, and LARGAN Precision. More

Wiwynn Corp 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 Wiwynn Corp'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 Wiwynn Corp upside and downside potential and time the market with a certain degree of confidence.

Wiwynn Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wiwynn Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wiwynn Corp's standard deviation. In reality, there are many statistical measures that can use Wiwynn Corp historical prices to predict the future Wiwynn Corp's volatility.
Hype
Prediction
LowEstimatedHigh
2,1872,1902,193
Details
Intrinsic
Valuation
LowRealHigh
1,7381,7412,409
Details
Naive
Forecast
LowNextHigh
2,0212,0242,027
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1,9592,0492,139
Details

Wiwynn Corp Backtested Returns

Wiwynn Corp appears to be very steady, given 3 months investment horizon. Wiwynn Corp shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wiwynn Corp, which you can use to evaluate the volatility of the company. Please utilize Wiwynn Corp's Mean Deviation of 2.62, market risk adjusted performance of 0.2336, and Downside Deviation of 3.65 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wiwynn Corp holds a performance score of 10. The firm maintains a market beta of 1.36, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wiwynn Corp will likely underperform. Please check Wiwynn Corp'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 Wiwynn Corp's historical returns will revert.

Auto-correlation

    
  -0.75  

Almost perfect reverse predictability

Wiwynn Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Wiwynn Corp time series from 11th of November 2023 to 24th of May 2024 and 24th of May 2024 to 5th 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 Wiwynn Corp price movement. The serial correlation of -0.75 indicates that around 75.0% of current Wiwynn Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.75
Spearman Rank Test-0.49
Residual Average0.0
Price Variance123.5 K

Wiwynn Corp lagged returns against current returns

Autocorrelation, which is Wiwynn Corp 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 Wiwynn Corp's stock expected returns. We can calculate the autocorrelation of Wiwynn Corp returns to help us make a trade decision. For example, suppose you find that Wiwynn Corp 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  

Wiwynn Corp 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 Wiwynn Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wiwynn Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wiwynn Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

Wiwynn Corp Lagged Returns

When evaluating Wiwynn Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wiwynn Corp stock have on its future price. Wiwynn Corp 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, Wiwynn Corp autocorrelation shows the relationship between Wiwynn Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Wiwynn Corp.
   Regressed Prices   
       Timeline  

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Additional Tools for Wiwynn Stock Analysis

When running Wiwynn Corp's price analysis, check to measure Wiwynn Corp'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 Wiwynn Corp is operating at the current time. Most of Wiwynn Corp's value examination focuses on studying past and present price action to predict the probability of Wiwynn Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wiwynn Corp's price. Additionally, you may evaluate how the addition of Wiwynn Corp to your portfolios can decrease your overall portfolio volatility.