Weikeng Industrial (Taiwan) Market Value
| 3033 Stock | TWD 33.75 0.40 1.17% |
| Symbol | Weikeng |
Weikeng Industrial '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 Weikeng Industrial'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 Weikeng Industrial.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Weikeng Industrial on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Weikeng Industrial Co or generate 0.0% return on investment in Weikeng Industrial over 390 days. Weikeng Industrial is related to or competes with Zenitron Corp, WT Microelectronics, Edom Technology, Wah Lee, and WPG Holdings. Weikeng Industrial Co., Ltd. distributes electronic components and peripherals for computing, communications, consumer, ... More
Weikeng Industrial 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 Weikeng Industrial'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 Weikeng Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9453 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.58 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 2.15 |
Weikeng Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weikeng Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weikeng Industrial's standard deviation. In reality, there are many statistical measures that can use Weikeng Industrial historical prices to predict the future Weikeng Industrial's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0666 |
Weikeng Industrial Backtested Returns
Weikeng Industrial shows Sharpe Ratio of -0.0134, which attests that the company had a -0.0134% return per unit of risk over the last 3 months. Weikeng Industrial exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Weikeng Industrial's Market Risk Adjusted Performance of 0.0766, downside deviation of 0.9453, and Mean Deviation of 0.7987 to validate the risk estimate we provide. The firm maintains a market beta of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Weikeng Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Weikeng Industrial is expected to be smaller as well. At this point, Weikeng Industrial has a negative expected return of -0.0137%. Please make sure to check out Weikeng Industrial's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Weikeng Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Weikeng Industrial Co has modest reverse predictability. Overlapping area represents the amount of predictability between Weikeng Industrial time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Weikeng Industrial price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Weikeng Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 4.02 |
Weikeng Industrial lagged returns against current returns
Autocorrelation, which is Weikeng Industrial 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 Weikeng Industrial's stock expected returns. We can calculate the autocorrelation of Weikeng Industrial returns to help us make a trade decision. For example, suppose you find that Weikeng Industrial 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 |
Weikeng Industrial 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 Weikeng Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weikeng Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weikeng Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Weikeng Industrial Lagged Returns
When evaluating Weikeng Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weikeng Industrial stock have on its future price. Weikeng Industrial 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, Weikeng Industrial autocorrelation shows the relationship between Weikeng Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Weikeng Industrial Co.
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 Weikeng Stock Analysis
When running Weikeng Industrial's price analysis, check to measure Weikeng Industrial'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 Weikeng Industrial is operating at the current time. Most of Weikeng Industrial's value examination focuses on studying past and present price action to predict the probability of Weikeng Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weikeng Industrial's price. Additionally, you may evaluate how the addition of Weikeng Industrial to your portfolios can decrease your overall portfolio volatility.