Wintec (Korea) Market Value
| 320000 Stock | KRW 2,860 35.00 1.24% |
| Symbol | Wintec |
Wintec '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 Wintec'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 Wintec.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Wintec on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Wintec Co or generate 0.0% return on investment in Wintec over 30 days. Wintec is related to or competes with Busan Industrial, UNISEM, Finebesteel, and Shinhan Inverse. ,Ltd. manufactures display, chips, and film inspection equipment More
Wintec 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 Wintec'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 Wintec Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.41 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 9.81 |
Wintec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wintec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wintec's standard deviation. In reality, there are many statistical measures that can use Wintec historical prices to predict the future Wintec's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | 0.1523 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.1) |
Wintec Backtested Returns
Wintec appears to be very steady, given 3 months investment horizon. Wintec shows Sharpe Ratio of 0.0977, which attests that the company had a 0.0977% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wintec, which you can use to evaluate the volatility of the company. Please utilize Wintec's Market Risk Adjusted Performance of (0.09), downside deviation of 3.82, and Mean Deviation of 3.01 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wintec holds a performance score of 7. The firm maintains a market beta of -0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wintec are expected to decrease at a much lower rate. During the bear market, Wintec is likely to outperform the market. Please check Wintec's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Wintec's historical returns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Wintec Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Wintec time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Wintec price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Wintec price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 2014.88 |
Wintec lagged returns against current returns
Autocorrelation, which is Wintec 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 Wintec's stock expected returns. We can calculate the autocorrelation of Wintec returns to help us make a trade decision. For example, suppose you find that Wintec 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 |
Wintec 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 Wintec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wintec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wintec stock over time.
Current vs Lagged Prices |
| Timeline |
Wintec Lagged Returns
When evaluating Wintec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wintec stock have on its future price. Wintec 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, Wintec autocorrelation shows the relationship between Wintec stock current value and its past values and can show if there is a momentum factor associated with investing in Wintec Co.
Regressed Prices |
| Timeline |
Pair Trading with Wintec
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 Wintec 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 Wintec will appreciate offsetting losses from the drop in the long position's value.Moving against Wintec Stock
| 0.59 | 029780 | Samsung Card | PairCorr |
| 0.54 | 078020 | EBEST Investment Sec | PairCorr |
| 0.39 | 014680 | Hansol Chemica | PairCorr |
| 0.34 | 098460 | Koh Young Technology | PairCorr |
| 0.32 | 016360 | Samsung Securities | PairCorr |
The ability to find closely correlated positions to Wintec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wintec 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 Wintec - 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 Wintec Co to buy it.
The correlation of Wintec 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 Wintec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wintec 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 Wintec 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.Other Information on Investing in Wintec Stock
Wintec financial ratios help investors to determine whether Wintec Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wintec with respect to the benefits of owning Wintec security.