WIN Semiconductors (Taiwan) Market Value
| 3105 Stock | TWD 117.00 1.50 1.27% |
| Symbol | WIN |
WIN Semiconductors '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 WIN Semiconductors' 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 WIN Semiconductors.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in WIN Semiconductors on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding WIN Semiconductors or generate 0.0% return on investment in WIN Semiconductors over 30 days. WIN Semiconductors is related to or competes with Global Unichip, Asmedia Technology, Unimicron Technology, and Novatek Microelectronics. WIN Semiconductors Corp. researches, develops, manufactures, and sells GaAs wafers in Taiwan, other Asian countries, the... More
WIN Semiconductors 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 WIN Semiconductors' 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 WIN Semiconductors upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.07 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.47 |
WIN Semiconductors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WIN Semiconductors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WIN Semiconductors' standard deviation. In reality, there are many statistical measures that can use WIN Semiconductors historical prices to predict the future WIN Semiconductors' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.7392 |
WIN Semiconductors Backtested Returns
WIN Semiconductors shows Sharpe Ratio of -0.0781, which attests that the company had a -0.0781% return per unit of standard deviation over the last 3 months. WIN Semiconductors exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WIN Semiconductors' Mean Deviation of 1.52, standard deviation of 2.1, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The firm maintains a market beta of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WIN Semiconductors are expected to decrease at a much lower rate. During the bear market, WIN Semiconductors is likely to outperform the market. At this point, WIN Semiconductors has a negative expected return of -0.17%. Please make sure to check out WIN Semiconductors' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if WIN Semiconductors performance from the past will be repeated at future time.
Auto-correlation | 0.30 |
Below average predictability
WIN Semiconductors has below average predictability. Overlapping area represents the amount of predictability between WIN Semiconductors time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 WIN Semiconductors price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current WIN Semiconductors price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
WIN Semiconductors lagged returns against current returns
Autocorrelation, which is WIN Semiconductors 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 WIN Semiconductors' stock expected returns. We can calculate the autocorrelation of WIN Semiconductors returns to help us make a trade decision. For example, suppose you find that WIN Semiconductors 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 |
WIN Semiconductors 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 WIN Semiconductors stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WIN Semiconductors stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WIN Semiconductors stock over time.
Current vs Lagged Prices |
| Timeline |
WIN Semiconductors Lagged Returns
When evaluating WIN Semiconductors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WIN Semiconductors stock have on its future price. WIN Semiconductors 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, WIN Semiconductors autocorrelation shows the relationship between WIN Semiconductors stock current value and its past values and can show if there is a momentum factor associated with investing in WIN Semiconductors.
Regressed Prices |
| Timeline |
Pair Trading with WIN Semiconductors
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WIN Semiconductors position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WIN Semiconductors will appreciate offsetting losses from the drop in the long position's value.Moving together with WIN Stock
Moving against WIN Stock
| 0.7 | 2891B | CTBC Financial Holding | PairCorr |
| 0.62 | 2891 | CTBC Financial Holding | PairCorr |
| 0.52 | 3443 | Global Unichip Corp | PairCorr |
| 0.5 | 2883 | China Development Earnings Call This Week | PairCorr |
| 0.47 | 2330 | Taiwan Semiconductor | PairCorr |
The ability to find closely correlated positions to WIN Semiconductors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WIN Semiconductors when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WIN Semiconductors - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WIN Semiconductors to buy it.
The correlation of WIN Semiconductors is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WIN Semiconductors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WIN Semiconductors moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WIN Semiconductors can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for WIN Stock Analysis
When running WIN Semiconductors' price analysis, check to measure WIN Semiconductors' 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 WIN Semiconductors is operating at the current time. Most of WIN Semiconductors' value examination focuses on studying past and present price action to predict the probability of WIN Semiconductors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WIN Semiconductors' price. Additionally, you may evaluate how the addition of WIN Semiconductors to your portfolios can decrease your overall portfolio volatility.