Reward Wool (Taiwan) Market Value
| 1423 Stock | TWD 37.50 0.55 1.49% |
| Symbol | Reward |
Reward Wool '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 Reward Wool'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 Reward Wool.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Reward Wool on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Reward Wool Industry or generate 0.0% return on investment in Reward Wool over 30 days. Reward Wool is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Reward Wool Industry Corporation produces and sells wool products in Taiwan More
Reward Wool 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 Reward Wool'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 Reward Wool Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 0.8174 |
Reward Wool Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reward Wool's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reward Wool's standard deviation. In reality, there are many statistical measures that can use Reward Wool historical prices to predict the future Reward Wool's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 1.9 |
Reward Wool Industry Backtested Returns
Reward Wool Industry maintains Sharpe Ratio (i.e., Efficiency) of -0.27, which implies the firm had a -0.27% return per unit of risk over the last 3 months. Reward Wool Industry exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reward Wool's Risk Adjusted Performance of (0.18), variance of 1.0, and Coefficient Of Variation of (396.73) to confirm the risk estimate we provide. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Reward Wool are expected to decrease at a much lower rate. During the bear market, Reward Wool is likely to outperform the market. At this point, Reward Wool Industry has a negative expected return of -0.28%. Please make sure to check Reward Wool's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Reward Wool Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Reward Wool Industry has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Reward Wool time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Reward Wool Industry price movement. The serial correlation of -0.75 indicates that around 75.0% of current Reward Wool price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Reward Wool Industry lagged returns against current returns
Autocorrelation, which is Reward Wool 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 Reward Wool's stock expected returns. We can calculate the autocorrelation of Reward Wool returns to help us make a trade decision. For example, suppose you find that Reward Wool 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 |
Reward Wool 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 Reward Wool stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reward Wool stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reward Wool stock over time.
Current vs Lagged Prices |
| Timeline |
Reward Wool Lagged Returns
When evaluating Reward Wool's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reward Wool stock have on its future price. Reward Wool 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, Reward Wool autocorrelation shows the relationship between Reward Wool stock current value and its past values and can show if there is a momentum factor associated with investing in Reward Wool Industry.
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 Reward Stock Analysis
When running Reward Wool's price analysis, check to measure Reward Wool'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 Reward Wool is operating at the current time. Most of Reward Wool's value examination focuses on studying past and present price action to predict the probability of Reward Wool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reward Wool's price. Additionally, you may evaluate how the addition of Reward Wool to your portfolios can decrease your overall portfolio volatility.