Wan Hai (Taiwan) Market Value
| 2615 Stock | TWD 93.60 2.20 2.30% |
| Symbol | Wan |
Wan Hai '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 Wan Hai'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 Wan Hai.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Wan Hai on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wan Hai Lines or generate 0.0% return on investment in Wan Hai over 30 days. Wan Hai is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. Wan Hai Lines Ltd. engages in the marine transportation business in Asia, the Middle East, India, the United States, Sou... More
Wan Hai 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 Wan Hai'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 Wan Hai Lines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.0458 | |||
| Maximum Drawdown | 19.92 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 5.46 |
Wan Hai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wan Hai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wan Hai's standard deviation. In reality, there are many statistical measures that can use Wan Hai historical prices to predict the future Wan Hai's volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.1949 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0469 | |||
| Treynor Ratio | 0.4012 |
Wan Hai Lines Backtested Returns
Wan Hai appears to be very steady, given 3 months investment horizon. Wan Hai Lines shows Sharpe Ratio of 0.0978, which attests that the company had a 0.0978% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wan Hai Lines, which you can use to evaluate the volatility of the company. Please utilize Wan Hai's Market Risk Adjusted Performance of 0.4112, downside deviation of 3.37, and Mean Deviation of 2.31 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wan Hai holds a performance score of 7. The firm maintains a market beta of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wan Hai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wan Hai is expected to be smaller as well. Please check Wan Hai's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Wan Hai's historical returns will revert.
Auto-correlation | 0.53 |
Modest predictability
Wan Hai Lines has modest predictability. Overlapping area represents the amount of predictability between Wan Hai time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Wan Hai Lines price movement. The serial correlation of 0.53 indicates that about 53.0% of current Wan Hai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 3.75 |
Wan Hai Lines lagged returns against current returns
Autocorrelation, which is Wan Hai 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 Wan Hai's stock expected returns. We can calculate the autocorrelation of Wan Hai returns to help us make a trade decision. For example, suppose you find that Wan Hai 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 |
Wan Hai 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 Wan Hai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wan Hai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wan Hai stock over time.
Current vs Lagged Prices |
| Timeline |
Wan Hai Lagged Returns
When evaluating Wan Hai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wan Hai stock have on its future price. Wan Hai 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, Wan Hai autocorrelation shows the relationship between Wan Hai stock current value and its past values and can show if there is a momentum factor associated with investing in Wan Hai Lines.
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 Wan Stock Analysis
When running Wan Hai's price analysis, check to measure Wan Hai'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 Wan Hai is operating at the current time. Most of Wan Hai's value examination focuses on studying past and present price action to predict the probability of Wan Hai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wan Hai's price. Additionally, you may evaluate how the addition of Wan Hai to your portfolios can decrease your overall portfolio volatility.