Wanhwa Enterprise (Taiwan) Market Value
| 2701 Stock | TWD 12.80 0.10 0.79% |
| Symbol | Wanhwa |
Wanhwa Enterprise '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 Wanhwa Enterprise'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 Wanhwa Enterprise.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Wanhwa Enterprise on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Wanhwa Enterprise Co or generate 0.0% return on investment in Wanhwa Enterprise over 180 days. Wanhwa Enterprise is related to or competes with Ruentex Development, CTCI Corp, Information Technology, Ennoconn Corp, Zinwell, FarGlory Hotel, and Medtecs International. Wanhwa Enterprise Company engages in the rental of commercial buildings, and operation of cinemas and mobile amusement p... More
Wanhwa Enterprise 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 Wanhwa Enterprise'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 Wanhwa Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.11 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.7937 |
Wanhwa Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wanhwa Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wanhwa Enterprise's standard deviation. In reality, there are many statistical measures that can use Wanhwa Enterprise historical prices to predict the future Wanhwa Enterprise's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.36) |
Wanhwa Enterprise Backtested Returns
Wanhwa Enterprise shows Sharpe Ratio of -0.0023, which attests that the company had a -0.0023% return per unit of risk over the last 3 months. Wanhwa Enterprise exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wanhwa Enterprise's Standard Deviation of 0.5328, market risk adjusted performance of (0.35), and Mean Deviation of 0.385 to validate the risk estimate we provide. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wanhwa Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wanhwa Enterprise is expected to be smaller as well. At this point, Wanhwa Enterprise has a negative expected return of -0.0012%. Please make sure to check out Wanhwa Enterprise's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Wanhwa Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Wanhwa Enterprise Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Wanhwa Enterprise time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Wanhwa Enterprise price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Wanhwa Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wanhwa Enterprise lagged returns against current returns
Autocorrelation, which is Wanhwa Enterprise 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 Wanhwa Enterprise's stock expected returns. We can calculate the autocorrelation of Wanhwa Enterprise returns to help us make a trade decision. For example, suppose you find that Wanhwa Enterprise 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 |
Wanhwa Enterprise 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 Wanhwa Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wanhwa Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wanhwa Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Wanhwa Enterprise Lagged Returns
When evaluating Wanhwa Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wanhwa Enterprise stock have on its future price. Wanhwa Enterprise 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, Wanhwa Enterprise autocorrelation shows the relationship between Wanhwa Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Wanhwa Enterprise Co.
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.Additional Tools for Wanhwa Stock Analysis
When running Wanhwa Enterprise's price analysis, check to measure Wanhwa Enterprise'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 Wanhwa Enterprise is operating at the current time. Most of Wanhwa Enterprise's value examination focuses on studying past and present price action to predict the probability of Wanhwa Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wanhwa Enterprise's price. Additionally, you may evaluate how the addition of Wanhwa Enterprise to your portfolios can decrease your overall portfolio volatility.