Wiwynn Corp (Taiwan) Market Value
| 6669 Stock | 2,325 75.00 3.33% |
| Symbol | Wiwynn |
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.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in Wiwynn Corp on February 28, 2024 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 60 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.
| Downside Deviation | 3.09 | |||
| Information Ratio | 0.0226 | |||
| Maximum Drawdown | 17.31 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 7.51 |
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.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.1913 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0269 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wiwynn Corp'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.
Wiwynn Corp Backtested Returns
We consider Wiwynn Corp very steady. Wiwynn Corp shows Sharpe Ratio of 0.0468, which attests that the company had a 0.0468% 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 check out Wiwynn Corp's Market Risk Adjusted Performance of (0.44), mean deviation of 2.83, and Downside Deviation of 3.09 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Wiwynn Corp has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wiwynn Corp are expected to decrease at a much lower rate. During the bear market, Wiwynn Corp is likely to outperform the market. Wiwynn Corp right now maintains a risk of 3.68%. Please check out Wiwynn Corp jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Wiwynn Corp will be following its historical returns.
Auto-correlation | 0.41 |
Average predictability
Wiwynn Corp has average predictability. Overlapping area represents the amount of predictability between Wiwynn Corp time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th of April 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 0.41 indicates that just about 41.0% of current Wiwynn Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 9867.5 |
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 |
Thematic Opportunities
Explore Investment Opportunities
Check out Wiwynn Corp Correlation, Wiwynn Corp Volatility and Wiwynn Corp Alpha and Beta module to complement your research on Wiwynn Corp. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary 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.
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Wiwynn Corp 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.