WeWin Diversification (Taiwan) Market Value
| 4113 Stock | TWD 51.20 1.70 3.43% |
| Symbol | WeWin |
WeWin Diversification '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 WeWin Diversification'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 WeWin Diversification.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in WeWin Diversification on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding WeWin Diversification Co or generate 0.0% return on investment in WeWin Diversification over 30 days. WeWin Diversification is related to or competes with Ruentex Development, United Integrated, CTCI Corp, Continental Holdings, Ruentex Engineering, BES Engineering, and Da Cin. We Win Diversification Co., Ltd. engages in the buying and sale of real properties in Taiwan More
WeWin Diversification 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 WeWin Diversification'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 WeWin Diversification Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.2855 | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 4.22 |
WeWin Diversification Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WeWin Diversification's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WeWin Diversification's standard deviation. In reality, there are many statistical measures that can use WeWin Diversification historical prices to predict the future WeWin Diversification's volatility.| Risk Adjusted Performance | 0.2045 | |||
| Jensen Alpha | 0.8059 | |||
| Total Risk Alpha | 0.5201 | |||
| Sortino Ratio | 0.2466 | |||
| Treynor Ratio | (2.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WeWin Diversification'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.
WeWin Diversification Backtested Returns
WeWin Diversification appears to be very steady, given 3 months investment horizon. WeWin Diversification shows Sharpe Ratio of 0.26, which attests that the company had a 0.26% return per unit of risk over the last 3 months. By examining WeWin Diversification's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize WeWin Diversification's Mean Deviation of 1.72, downside deviation of 2.91, and Market Risk Adjusted Performance of (2.18) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WeWin Diversification holds a performance score of 20. 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 WeWin Diversification are expected to decrease at a much lower rate. During the bear market, WeWin Diversification is likely to outperform the market. Please check WeWin Diversification'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 WeWin Diversification's historical returns will revert.
Auto-correlation | 0.58 |
Modest predictability
WeWin Diversification Co has modest predictability. Overlapping area represents the amount of predictability between WeWin Diversification time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th 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 WeWin Diversification price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current WeWin Diversification price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 6.36 |
WeWin Diversification lagged returns against current returns
Autocorrelation, which is WeWin Diversification 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 WeWin Diversification's stock expected returns. We can calculate the autocorrelation of WeWin Diversification returns to help us make a trade decision. For example, suppose you find that WeWin Diversification 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 |
WeWin Diversification 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 WeWin Diversification stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WeWin Diversification stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WeWin Diversification stock over time.
Current vs Lagged Prices |
| Timeline |
WeWin Diversification Lagged Returns
When evaluating WeWin Diversification's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WeWin Diversification stock have on its future price. WeWin Diversification 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, WeWin Diversification autocorrelation shows the relationship between WeWin Diversification stock current value and its past values and can show if there is a momentum factor associated with investing in WeWin Diversification Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards WeWin Diversification in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, WeWin Diversification's short interest history, or implied volatility extrapolated from WeWin Diversification options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out WeWin Diversification Correlation, WeWin Diversification Volatility and WeWin Diversification Alpha and Beta module to complement your research on WeWin Diversification. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for WeWin Stock analysis
When running WeWin Diversification's price analysis, check to measure WeWin Diversification'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 WeWin Diversification is operating at the current time. Most of WeWin Diversification's value examination focuses on studying past and present price action to predict the probability of WeWin Diversification's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WeWin Diversification's price. Additionally, you may evaluate how the addition of WeWin Diversification to your portfolios can decrease your overall portfolio volatility.
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WeWin Diversification 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.