Wei Chuan (Taiwan) Market Value
| 1201 Stock | TWD 18.15 0.05 0.28% |
| Symbol | Wei |
Wei Chuan '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 Wei Chuan'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 Wei Chuan.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Wei Chuan on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Wei Chuan Foods or generate 0.0% return on investment in Wei Chuan over 180 days. Wei Chuan is related to or competes with Lian Hwa, Uni President, Taiwan Cement, Ruentex Development, Symtek Automation, CTCI Corp, and Information Technology. Wei Chuan Foods Corporation engages in the food business in Taiwan and internationally More
Wei Chuan 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 Wei Chuan'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 Wei Chuan Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5972 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 1.1 |
Wei Chuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wei Chuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wei Chuan's standard deviation. In reality, there are many statistical measures that can use Wei Chuan historical prices to predict the future Wei Chuan's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | (0.0002) |
Wei Chuan Foods Backtested Returns
Wei Chuan Foods shows Sharpe Ratio of -0.0514, which attests that the company had a -0.0514% return per unit of risk over the last 3 months. Wei Chuan Foods exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wei Chuan's Mean Deviation of 0.4129, downside deviation of 0.5972, and Market Risk Adjusted Performance of 0.0098 to validate the risk estimate we provide. The firm maintains a market beta of 0.0334, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wei Chuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wei Chuan is expected to be smaller as well. At this point, Wei Chuan Foods has a negative expected return of -0.0283%. Please make sure to check out Wei Chuan's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Wei Chuan Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Wei Chuan Foods has average predictability. Overlapping area represents the amount of predictability between Wei Chuan time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 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 Wei Chuan Foods price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Wei Chuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Wei Chuan Foods lagged returns against current returns
Autocorrelation, which is Wei Chuan 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 Wei Chuan's stock expected returns. We can calculate the autocorrelation of Wei Chuan returns to help us make a trade decision. For example, suppose you find that Wei Chuan 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 |
Wei Chuan 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 Wei Chuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wei Chuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wei Chuan stock over time.
Current vs Lagged Prices |
| Timeline |
Wei Chuan Lagged Returns
When evaluating Wei Chuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wei Chuan stock have on its future price. Wei Chuan 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, Wei Chuan autocorrelation shows the relationship between Wei Chuan stock current value and its past values and can show if there is a momentum factor associated with investing in Wei Chuan Foods.
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 Wei Stock Analysis
When running Wei Chuan's price analysis, check to measure Wei Chuan'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 Wei Chuan is operating at the current time. Most of Wei Chuan's value examination focuses on studying past and present price action to predict the probability of Wei Chuan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wei Chuan's price. Additionally, you may evaluate how the addition of Wei Chuan to your portfolios can decrease your overall portfolio volatility.