Winbond Electronics (Taiwan) Market Value
| 2344 Stock | TWD 16.60 0.85 4.87% |
| Symbol | Winbond |
Winbond Electronics '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 Winbond Electronics' 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 Winbond Electronics.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Winbond Electronics on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Winbond Electronics Corp or generate 0.0% return on investment in Winbond Electronics over 30 days. Winbond Electronics is related to or competes with Macronix International, United Microelectronics, Mosel Vitelic, Nanya Technology, and VIA Technologies. Winbond Electronics Corporation, together with its subsidiaries, engages in the design, development, manufacture, and ma... More
Winbond Electronics 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 Winbond Electronics' 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 Winbond Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.42) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 1.71 |
Winbond Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winbond Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winbond Electronics' standard deviation. In reality, there are many statistical measures that can use Winbond Electronics historical prices to predict the future Winbond Electronics' volatility.| Risk Adjusted Performance | (0.26) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 16.86 |
Winbond Electronics Corp Backtested Returns
Winbond Electronics Corp shows Sharpe Ratio of -0.34, which attests that the company had a -0.34% return per unit of risk over the last 3 months. Winbond Electronics Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Winbond Electronics' Market Risk Adjusted Performance of 16.87, mean deviation of 1.26, and Standard Deviation of 1.69 to validate the risk estimate we provide. The firm maintains a market beta of -0.0351, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Winbond Electronics are expected to decrease at a much lower rate. During the bear market, Winbond Electronics is likely to outperform the market. At this point, Winbond Electronics Corp has a negative expected return of -0.58%. Please make sure to check out Winbond Electronics' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Winbond Electronics Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Winbond Electronics Corp has good predictability. Overlapping area represents the amount of predictability between Winbond Electronics time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Winbond Electronics Corp price movement. The serial correlation of 0.72 indicates that around 72.0% of current Winbond Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Winbond Electronics Corp lagged returns against current returns
Autocorrelation, which is Winbond Electronics 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 Winbond Electronics' stock expected returns. We can calculate the autocorrelation of Winbond Electronics returns to help us make a trade decision. For example, suppose you find that Winbond Electronics 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 |
Winbond Electronics 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 Winbond Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winbond Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winbond Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Winbond Electronics Lagged Returns
When evaluating Winbond Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winbond Electronics stock have on its future price. Winbond Electronics 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, Winbond Electronics autocorrelation shows the relationship between Winbond Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Winbond Electronics Corp.
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 Winbond Stock Analysis
When running Winbond Electronics' price analysis, check to measure Winbond Electronics' 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 Winbond Electronics is operating at the current time. Most of Winbond Electronics' value examination focuses on studying past and present price action to predict the probability of Winbond Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Winbond Electronics' price. Additionally, you may evaluate how the addition of Winbond Electronics to your portfolios can decrease your overall portfolio volatility.