Zinwell (Taiwan) Market Value
| 2485 Stock | TWD 16.55 0.15 0.90% |
| Symbol | Zinwell |
Zinwell '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 Zinwell'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 Zinwell.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Zinwell on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Zinwell or generate 0.0% return on investment in Zinwell over 360 days. Zinwell is related to or competes with Clevo, D Link, Cheng Uei, Senao International, and Amtran Technology. Zinwell Corporation designs, manufactures, and sells digital cablesatelliteterrestrial receiving, broadcast and broadban... More
Zinwell 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 Zinwell'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 Zinwell upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 3.09 |
Zinwell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zinwell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zinwell's standard deviation. In reality, there are many statistical measures that can use Zinwell historical prices to predict the future Zinwell's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.42) |
Zinwell Backtested Returns
Zinwell shows Sharpe Ratio of -0.0882, which attests that the company had a -0.0882% return per unit of risk over the last 3 months. Zinwell exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zinwell's Mean Deviation of 1.14, standard deviation of 1.52, and Market Risk Adjusted Performance of (0.41) to validate the risk estimate we provide. The firm maintains a market beta of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zinwell's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zinwell is expected to be smaller as well. At this point, Zinwell has a negative expected return of -0.13%. Please make sure to check out Zinwell's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Zinwell performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Zinwell has average predictability. Overlapping area represents the amount of predictability between Zinwell time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Zinwell price movement. The serial correlation of 0.46 indicates that about 46.0% of current Zinwell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.87 |
Zinwell lagged returns against current returns
Autocorrelation, which is Zinwell 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 Zinwell's stock expected returns. We can calculate the autocorrelation of Zinwell returns to help us make a trade decision. For example, suppose you find that Zinwell 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 |
Zinwell 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 Zinwell stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zinwell stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zinwell stock over time.
Current vs Lagged Prices |
| Timeline |
Zinwell Lagged Returns
When evaluating Zinwell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zinwell stock have on its future price. Zinwell 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, Zinwell autocorrelation shows the relationship between Zinwell stock current value and its past values and can show if there is a momentum factor associated with investing in Zinwell.
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 Zinwell Stock Analysis
When running Zinwell's price analysis, check to measure Zinwell'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 Zinwell is operating at the current time. Most of Zinwell's value examination focuses on studying past and present price action to predict the probability of Zinwell's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zinwell's price. Additionally, you may evaluate how the addition of Zinwell to your portfolios can decrease your overall portfolio volatility.