Welltend Technology (Taiwan) Market Value
| 3021 Stock | TWD 23.95 0.10 0.42% |
| Symbol | Welltend |
Welltend Technology '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 Welltend Technology'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 Welltend Technology.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Welltend Technology on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Welltend Technology Corp or generate 0.0% return on investment in Welltend Technology over 30 days. Welltend Technology is related to or competes with Ji Haw, Chenming Mold, AOPEN, Asia Optical, and Tripod Technology. Welltend Technology Corporation produces and sells electronic components and wire connectors in Taiwan and international... More
Welltend Technology 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 Welltend Technology'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 Welltend Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.24 | |||
| Value At Risk | (5.39) | |||
| Potential Upside | 4.17 |
Welltend Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Welltend Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Welltend Technology's standard deviation. In reality, there are many statistical measures that can use Welltend Technology historical prices to predict the future Welltend Technology's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (1.17) |
Welltend Technology Corp Backtested Returns
Welltend Technology Corp shows Sharpe Ratio of -0.2, which attests that the company had a -0.2 % return per unit of risk over the last 3 months. Welltend Technology Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Welltend Technology's Market Risk Adjusted Performance of (1.16), standard deviation of 3.26, and Mean Deviation of 2.56 to validate the risk estimate we provide. The firm maintains a market beta of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Welltend Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Welltend Technology is expected to be smaller as well. At this point, Welltend Technology Corp has a negative expected return of -0.64%. Please make sure to check out Welltend Technology's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Welltend Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Welltend Technology Corp has modest predictability. Overlapping area represents the amount of predictability between Welltend Technology time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Welltend Technology Corp price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Welltend Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Welltend Technology Corp lagged returns against current returns
Autocorrelation, which is Welltend Technology 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 Welltend Technology's stock expected returns. We can calculate the autocorrelation of Welltend Technology returns to help us make a trade decision. For example, suppose you find that Welltend Technology 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 |
Welltend Technology 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 Welltend Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Welltend Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Welltend Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Welltend Technology Lagged Returns
When evaluating Welltend Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Welltend Technology stock have on its future price. Welltend Technology 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, Welltend Technology autocorrelation shows the relationship between Welltend Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Welltend Technology Corp.
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 Welltend Stock Analysis
When running Welltend Technology's price analysis, check to measure Welltend Technology'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 Welltend Technology is operating at the current time. Most of Welltend Technology's value examination focuses on studying past and present price action to predict the probability of Welltend Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welltend Technology's price. Additionally, you may evaluate how the addition of Welltend Technology to your portfolios can decrease your overall portfolio volatility.