Wah Hong (Taiwan) Market Value
| 8240 Stock | TWD 35.00 0.60 1.69% |
| Symbol | Wah |
Wah Hong '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 Wah Hong'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 Wah Hong.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Wah Hong on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Wah Hong Industrial or generate 0.0% return on investment in Wah Hong over 30 days. Wah Hong is related to or competes with Hon Hai, Delta Electronics, Yageo Corp, Pegatron Corp, and AU Optronics. More
Wah Hong 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 Wah Hong'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 Wah Hong Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.02 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.62 |
Wah Hong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wah Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wah Hong's standard deviation. In reality, there are many statistical measures that can use Wah Hong historical prices to predict the future Wah Hong's volatility.| Risk Adjusted Performance | 0.0076 | |||
| Jensen Alpha | 0.0426 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.009 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wah Hong'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.
Wah Hong Industrial Backtested Returns
Wah Hong Industrial shows Sharpe Ratio of -0.0026, which attests that the company had a -0.0026% return per unit of risk over the last 3 months. Wah Hong Industrial exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wah Hong's Mean Deviation of 0.9294, market risk adjusted performance of 0.019, and Downside Deviation of 1.34 to validate the risk estimate we provide. The firm maintains a market beta of -0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wah Hong are expected to decrease at a much lower rate. During the bear market, Wah Hong is likely to outperform the market. Wah Hong Industrial has an expected return of -0.004%. Please make sure to check out Wah Hong Industrial mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Wah Hong Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Wah Hong Industrial has near perfect reversele predictability. Overlapping area represents the amount of predictability between Wah Hong time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Wah Hong Industrial price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Wah Hong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Wah Hong Industrial lagged returns against current returns
Autocorrelation, which is Wah Hong 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 Wah Hong's stock expected returns. We can calculate the autocorrelation of Wah Hong returns to help us make a trade decision. For example, suppose you find that Wah Hong 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 |
Wah Hong 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 Wah Hong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wah Hong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wah Hong stock over time.
Current vs Lagged Prices |
| Timeline |
Wah Hong Lagged Returns
When evaluating Wah Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wah Hong stock have on its future price. Wah Hong 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, Wah Hong autocorrelation shows the relationship between Wah Hong stock current value and its past values and can show if there is a momentum factor associated with investing in Wah Hong Industrial.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Wah Hong Correlation, Wah Hong Volatility and Wah Hong Alpha and Beta module to complement your research on Wah Hong. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Wah Stock analysis
When running Wah Hong's price analysis, check to measure Wah Hong'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 Wah Hong is operating at the current time. Most of Wah Hong's value examination focuses on studying past and present price action to predict the probability of Wah Hong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wah Hong's price. Additionally, you may evaluate how the addition of Wah Hong to your portfolios can decrease your overall portfolio volatility.
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Wah Hong 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.