Wah Lee (Taiwan) Market Value
| 3010 Stock | TWD 124.00 1.00 0.81% |
| Symbol | Wah |
Wah Lee '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 Wah Lee'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 Wah Lee.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Wah Lee on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Wah Lee Industrial or generate 0.0% return on investment in Wah Lee over 30 days. Wah Lee is related to or competes with Huaku Development, Topco Scientific, Test Research, Shinkong Insurance, and China Steel. Wah Lee Industrial Corp. distributes materials and equipment for the composite material, engineering plastic, PCB, semic... More
Wah Lee 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 Wah Lee'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 Wah Lee Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.81 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.33 |
Wah Lee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wah Lee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wah Lee's standard deviation. In reality, there are many statistical measures that can use Wah Lee historical prices to predict the future Wah Lee's volatility.| Risk Adjusted Performance | 0.0081 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
Wah Lee Industrial Backtested Returns
Wah Lee Industrial shows Sharpe Ratio of -0.0655, which attests that the company had a -0.0655% return per unit of risk over the last 3 months. Wah Lee Industrial exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wah Lee's Market Risk Adjusted Performance of (0.02), mean deviation of 1.36, and Downside Deviation of 1.93 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, Wah Lee's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wah Lee is expected to be smaller as well. At this point, Wah Lee Industrial has a negative expected return of -0.11%. Please make sure to check out Wah Lee's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Wah Lee Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Wah Lee Industrial has below average predictability. Overlapping area represents the amount of predictability between Wah Lee time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Wah Lee Industrial price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Wah Lee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 3.98 |
Wah Lee Industrial lagged returns against current returns
Autocorrelation, which is Wah Lee 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 Wah Lee's stock expected returns. We can calculate the autocorrelation of Wah Lee returns to help us make a trade decision. For example, suppose you find that Wah Lee 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 |
Wah Lee 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 Wah Lee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wah Lee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wah Lee stock over time.
Current vs Lagged Prices |
| Timeline |
Wah Lee Lagged Returns
When evaluating Wah Lee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wah Lee stock have on its future price. Wah Lee 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, Wah Lee autocorrelation shows the relationship between Wah Lee stock current value and its past values and can show if there is a momentum factor associated with investing in Wah Lee Industrial.
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 Wah Stock Analysis
When running Wah Lee's price analysis, check to measure Wah Lee'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 Wah Lee is operating at the current time. Most of Wah Lee's value examination focuses on studying past and present price action to predict the probability of Wah Lee's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wah Lee's price. Additionally, you may evaluate how the addition of Wah Lee to your portfolios can decrease your overall portfolio volatility.