Wafer Works (Taiwan) Market Value
| 6182 Stock | TWD 38.20 0.45 1.19% |
| Symbol | Wafer |
Wafer Works '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 Wafer Works' 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 Wafer Works.
| 05/10/2024 |
| 06/09/2024 |
If you would invest 0.00 in Wafer Works on May 10, 2024 and sell it all today you would earn a total of 0.00 from holding Wafer Works or generate 0.0% return on investment in Wafer Works over 30 days. Wafer Works is related to or competes with Sino American, GlobalWafers, and Unimicron Technology. More
Wafer Works 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 Wafer Works' 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 Wafer Works upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.77 |
Wafer Works Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wafer Works' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wafer Works' standard deviation. In reality, there are many statistical measures that can use Wafer Works historical prices to predict the future Wafer Works' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wafer Works' 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.
Wafer Works Backtested Returns
Wafer Works shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. Wafer Works exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wafer Works' Standard Deviation of 1.13, market risk adjusted performance of (0.58), and Mean Deviation of 0.8645 to validate the risk estimate we provide. The firm maintains a market beta of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wafer Works' returns are expected to increase less than the market. However, during the bear market, the loss of holding Wafer Works is expected to be smaller as well. At this point, Wafer Works has a negative expected return of -0.13%. Please make sure to check out Wafer Works' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Wafer Works performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Wafer Works has modest reverse predictability. Overlapping area represents the amount of predictability between Wafer Works time series from 10th of May 2024 to 25th of May 2024 and 25th of May 2024 to 9th of June 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 Wafer Works price movement. The serial correlation of -0.47 indicates that about 47.0% of current Wafer Works price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Wafer Works lagged returns against current returns
Autocorrelation, which is Wafer Works 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 Wafer Works' stock expected returns. We can calculate the autocorrelation of Wafer Works returns to help us make a trade decision. For example, suppose you find that Wafer Works 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 |
Wafer Works 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 Wafer Works stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wafer Works stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wafer Works stock over time.
Current vs Lagged Prices |
| Timeline |
Wafer Works Lagged Returns
When evaluating Wafer Works' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wafer Works stock have on its future price. Wafer Works 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, Wafer Works autocorrelation shows the relationship between Wafer Works stock current value and its past values and can show if there is a momentum factor associated with investing in Wafer Works.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Tools for Wafer Stock Analysis
When running Wafer Works' price analysis, check to measure Wafer Works' 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 Wafer Works is operating at the current time. Most of Wafer Works' value examination focuses on studying past and present price action to predict the probability of Wafer Works' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wafer Works' price. Additionally, you may evaluate how the addition of Wafer Works to your portfolios can decrease your overall portfolio volatility.