Well Shin (Taiwan) Market Value
| 3501 Stock | TWD 68.00 1.00 1.49% |
| Symbol | Well |
Well Shin '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 Well Shin'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 Well Shin.
| 06/01/2022 |
| 05/21/2024 |
If you would invest 0.00 in Well Shin on June 1, 2022 and sell it all today you would earn a total of 0.00 from holding Well Shin Technology or generate 0.0% return on investment in Well Shin over 720 days. Well Shin is related to or competes with I-Sheng Electric, Young Optics, TXC Corp, FSP Technology, and Lotes Co. Well Shin Technology Co., Ltd. develops and sells household power cords in Taiwan and internationally More
Well Shin 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 Well Shin'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 Well Shin Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.2345 | |||
| Maximum Drawdown | 7.48 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 2.76 |
Well Shin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Well Shin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Well Shin's standard deviation. In reality, there are many statistical measures that can use Well Shin historical prices to predict the future Well Shin's volatility.| Risk Adjusted Performance | 0.1717 | |||
| Jensen Alpha | 0.4432 | |||
| Total Risk Alpha | 0.2339 | |||
| Sortino Ratio | 0.214 | |||
| Treynor Ratio | (0.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Well Shin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Well Shin Technology Backtested Returns
Well Shin appears to be very steady, given 3 months investment horizon. Well Shin Technology shows Sharpe Ratio of 0.29, which attests that the company had a 0.29% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Well Shin Technology, which you can use to evaluate the volatility of the company. Please utilize Well Shin's Mean Deviation of 1.01, downside deviation of 1.57, and Market Risk Adjusted Performance of (0.68) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Well Shin holds a performance score of 22. The firm maintains a market beta of -0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Well Shin are expected to decrease at a much lower rate. During the bear market, Well Shin is likely to outperform the market. Please check Well Shin's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Well Shin's historical returns will revert.
Auto-correlation | 0.50 |
Modest predictability
Well Shin Technology has modest predictability. Overlapping area represents the amount of predictability between Well Shin time series from 1st of June 2022 to 27th of May 2023 and 27th of May 2023 to 21st of May 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 Well Shin Technology price movement. The serial correlation of 0.5 indicates that about 50.0% of current Well Shin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 17.83 |
Well Shin Technology lagged returns against current returns
Autocorrelation, which is Well Shin 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 Well Shin's stock expected returns. We can calculate the autocorrelation of Well Shin returns to help us make a trade decision. For example, suppose you find that Well Shin 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 |
Well Shin 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 Well Shin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Well Shin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Well Shin stock over time.
Current vs Lagged Prices |
| Timeline |
Well Shin Lagged Returns
When evaluating Well Shin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Well Shin stock have on its future price. Well Shin 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, Well Shin autocorrelation shows the relationship between Well Shin stock current value and its past values and can show if there is a momentum factor associated with investing in Well Shin Technology.
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.Check out Well Shin Correlation, Well Shin Volatility and Well Shin Alpha and Beta module to complement your research on Well Shin. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Well Stock analysis
When running Well Shin's price analysis, check to measure Well Shin'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 Well Shin is operating at the current time. Most of Well Shin's value examination focuses on studying past and present price action to predict the probability of Well Shin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Well Shin's price. Additionally, you may evaluate how the addition of Well Shin to your portfolios can decrease your overall portfolio volatility.
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Well Shin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.