Winix (Korea) Market Value
| 044340 Stock | KRW 5,030 60.00 1.18% |
| Symbol | Winix |
Winix '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 Winix'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 Winix.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Winix on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Winix Inc or generate 0.0% return on investment in Winix over 720 days. Winix is related to or competes with AfreecaTV, KEYEASTCoLtd, Webzen, NHN KCP, and Soulbrain Holdings. Winix Inc. manufactures and sells home appliances in South Korea and internationally More
Winix 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 Winix'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 Winix Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.08 |
Winix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winix's standard deviation. In reality, there are many statistical measures that can use Winix historical prices to predict the future Winix's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (3.14) |
Winix Inc Backtested Returns
Winix Inc shows Sharpe Ratio of -0.3, which attests that the company had a -0.3% return per unit of risk over the last 3 months. Winix Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Winix's Standard Deviation of 1.67, mean deviation of 1.27, and Market Risk Adjusted Performance of (3.13) to validate the risk estimate we provide. The firm maintains a market beta of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Winix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Winix is expected to be smaller as well. At this point, Winix Inc has a negative expected return of -0.5%. Please make sure to check out Winix's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Winix Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Winix Inc has good predictability. Overlapping area represents the amount of predictability between Winix time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 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 Winix Inc price movement. The serial correlation of 0.77 indicates that around 77.0% of current Winix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.5 M |
Winix Inc lagged returns against current returns
Autocorrelation, which is Winix 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 Winix's stock expected returns. We can calculate the autocorrelation of Winix returns to help us make a trade decision. For example, suppose you find that Winix 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 |
Winix 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 Winix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winix stock over time.
Current vs Lagged Prices |
| Timeline |
Winix Lagged Returns
When evaluating Winix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winix stock have on its future price. Winix 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, Winix autocorrelation shows the relationship between Winix stock current value and its past values and can show if there is a momentum factor associated with investing in Winix Inc.
Regressed Prices |
| Timeline |
Pair Trading with Winix
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Winix position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Winix will appreciate offsetting losses from the drop in the long position's value.Moving together with Winix Stock
Moving against Winix Stock
The ability to find closely correlated positions to Winix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Winix when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Winix - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Winix Inc to buy it.
The correlation of Winix is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Winix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winix Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Winix can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Winix Stock
Winix financial ratios help investors to determine whether Winix Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Winix with respect to the benefits of owning Winix security.