Winstek Semiconductor (Taiwan) Market Value
| 3265 Stock | TWD 100.50 0.50 0.50% |
| Symbol | Winstek |
Winstek Semiconductor '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 Winstek Semiconductor'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 Winstek Semiconductor.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Winstek Semiconductor on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Winstek Semiconductor Co or generate 0.0% return on investment in Winstek Semiconductor over 30 days. Winstek Semiconductor is related to or competes with Sino American, Powertech Technology, Formosa Sumco, Radiant Opto, Faraday Technology, Tong Hsing, and Topco Scientific. Winstek Semiconductor Co., Ltd. provides semiconductor assembly and test solutions in Taiwan More
Winstek Semiconductor 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 Winstek Semiconductor'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 Winstek Semiconductor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.35 |
Winstek Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winstek Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winstek Semiconductor's standard deviation. In reality, there are many statistical measures that can use Winstek Semiconductor historical prices to predict the future Winstek Semiconductor's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.93) |
Winstek Semiconductor Backtested Returns
Winstek Semiconductor shows Sharpe Ratio of -0.0931, which attests that the company had a -0.0931% return per unit of risk over the last 3 months. Winstek Semiconductor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Winstek Semiconductor's Standard Deviation of 2.19, mean deviation of 1.67, and Market Risk Adjusted Performance of (0.92) to validate the risk estimate we provide. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Winstek Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Winstek Semiconductor is expected to be smaller as well. At this point, Winstek Semiconductor has a negative expected return of -0.2%. Please make sure to check out Winstek Semiconductor's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Winstek Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Winstek Semiconductor Co has good predictability. Overlapping area represents the amount of predictability between Winstek Semiconductor time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Winstek Semiconductor price movement. The serial correlation of 0.74 indicates that around 74.0% of current Winstek Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 3.38 |
Winstek Semiconductor lagged returns against current returns
Autocorrelation, which is Winstek Semiconductor 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 Winstek Semiconductor's stock expected returns. We can calculate the autocorrelation of Winstek Semiconductor returns to help us make a trade decision. For example, suppose you find that Winstek Semiconductor 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 |
Winstek Semiconductor 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 Winstek Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winstek Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winstek Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Winstek Semiconductor Lagged Returns
When evaluating Winstek Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winstek Semiconductor stock have on its future price. Winstek Semiconductor 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, Winstek Semiconductor autocorrelation shows the relationship between Winstek Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Winstek Semiconductor Co.
Regressed Prices |
| Timeline |
Pair Trading with Winstek Semiconductor
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 Winstek Semiconductor 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 Winstek Semiconductor will appreciate offsetting losses from the drop in the long position's value.Moving together with Winstek Stock
Moving against Winstek Stock
The ability to find closely correlated positions to Winstek Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Winstek Semiconductor 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 Winstek Semiconductor - 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 Winstek Semiconductor Co to buy it.
The correlation of Winstek Semiconductor 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 Winstek Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winstek Semiconductor 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 Winstek Semiconductor 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 Winstek Stock Analysis
When running Winstek Semiconductor's price analysis, check to measure Winstek Semiconductor'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 Winstek Semiconductor is operating at the current time. Most of Winstek Semiconductor's value examination focuses on studying past and present price action to predict the probability of Winstek Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Winstek Semiconductor's price. Additionally, you may evaluate how the addition of Winstek Semiconductor to your portfolios can decrease your overall portfolio volatility.