WT Microelectronics (Taiwan) Market Value
| 3036 Stock | TWD 107.50 1.00 0.94% |
| Symbol | 3036 |
WT Microelectronics '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 WT Microelectronics' 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 WT Microelectronics.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in WT Microelectronics on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding WT Microelectronics Co or generate 0.0% return on investment in WT Microelectronics over 30 days. WT Microelectronics is related to or competes with WPG Holdings, Novatek Microelectronics, King Yuan, Synnex Technology, and Wah Lee. WT Microelectronics Co., Ltd., together with its subsidiaries, develops and sells electronic and communication component... More
WT Microelectronics 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 WT Microelectronics' 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 WT Microelectronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.35 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.65 |
WT Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WT Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WT Microelectronics' standard deviation. In reality, there are many statistical measures that can use WT Microelectronics historical prices to predict the future WT Microelectronics' volatility.| Risk Adjusted Performance | 0.019 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0392 |
WT Microelectronics Backtested Returns
At this stage we consider 3036 Stock to be very steady. WT Microelectronics retains Efficiency (Sharpe Ratio) of 0.0174, which attests that the company had a 0.0174% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for WT Microelectronics, which you can use to evaluate the volatility of the company. Please check out WT Microelectronics' standard deviation of 2.13, and Market Risk Adjusted Performance of 0.0492 to validate if the risk estimate we provide is consistent with the expected return of 0.0373%. WT Microelectronics has a performance score of 1 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WT Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding WT Microelectronics is expected to be smaller as well. WT Microelectronics at this moment owns a risk of 2.14%. Please check out WT Microelectronics Co semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if WT Microelectronics Co will be following its current price history.
Auto-correlation | 0.64 |
Good predictability
WT Microelectronics Co has good predictability. Overlapping area represents the amount of predictability between WT Microelectronics time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 WT Microelectronics price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current WT Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 3.02 |
WT Microelectronics lagged returns against current returns
Autocorrelation, which is WT Microelectronics 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 WT Microelectronics' stock expected returns. We can calculate the autocorrelation of WT Microelectronics returns to help us make a trade decision. For example, suppose you find that WT Microelectronics 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 |
WT Microelectronics 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 WT Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WT Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WT Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
WT Microelectronics Lagged Returns
When evaluating WT Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WT Microelectronics stock have on its future price. WT Microelectronics 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, WT Microelectronics autocorrelation shows the relationship between WT Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in WT Microelectronics Co.
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 3036 Stock Analysis
When running WT Microelectronics' price analysis, check to measure WT Microelectronics' 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 WT Microelectronics is operating at the current time. Most of WT Microelectronics' value examination focuses on studying past and present price action to predict the probability of WT Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WT Microelectronics' price. Additionally, you may evaluate how the addition of WT Microelectronics to your portfolios can decrease your overall portfolio volatility.