WinMate Communication (Taiwan) Market Value
| 3416 Stock | TWD 152.50 0.50 0.33% |
| Symbol | WinMate |
WinMate Communication '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 WinMate Communication'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 WinMate Communication.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in WinMate Communication on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding WinMate Communication INC or generate 0.0% return on investment in WinMate Communication over 720 days. WinMate Communication is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. WinMate Inc. engages in the research and development, manufacture, and sales of rugged display equipment and rugged mobi... More
WinMate Communication 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 WinMate Communication'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 WinMate Communication INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0322 | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.02 |
WinMate Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WinMate Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WinMate Communication's standard deviation. In reality, there are many statistical measures that can use WinMate Communication historical prices to predict the future WinMate Communication's volatility.| Risk Adjusted Performance | 0.0915 | |||
| Jensen Alpha | 0.1009 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0266 | |||
| Treynor Ratio | 0.2919 |
WinMate Communication INC Backtested Returns
At this stage we consider WinMate Stock to be very steady. WinMate Communication INC shows Sharpe Ratio of 0.1, which attests that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WinMate Communication INC, which you can use to evaluate the volatility of the company. Please check out WinMate Communication's Market Risk Adjusted Performance of 0.3019, downside deviation of 1.93, and Mean Deviation of 1.09 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. WinMate Communication has a performance score of 8 on a scale of 0 to 100. The firm maintains a market beta of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WinMate Communication's returns are expected to increase less than the market. However, during the bear market, the loss of holding WinMate Communication is expected to be smaller as well. WinMate Communication INC right now maintains a risk of 1.64%. Please check out WinMate Communication INC information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if WinMate Communication INC will be following its historical returns.
Auto-correlation | 0.46 |
Average predictability
WinMate Communication INC has average predictability. Overlapping area represents the amount of predictability between WinMate Communication time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 WinMate Communication INC price movement. The serial correlation of 0.46 indicates that about 46.0% of current WinMate Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 89.38 |
WinMate Communication INC lagged returns against current returns
Autocorrelation, which is WinMate Communication 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 WinMate Communication's stock expected returns. We can calculate the autocorrelation of WinMate Communication returns to help us make a trade decision. For example, suppose you find that WinMate Communication 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 |
WinMate Communication 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 WinMate Communication stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WinMate Communication stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WinMate Communication stock over time.
Current vs Lagged Prices |
| Timeline |
WinMate Communication Lagged Returns
When evaluating WinMate Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WinMate Communication stock have on its future price. WinMate Communication 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, WinMate Communication autocorrelation shows the relationship between WinMate Communication stock current value and its past values and can show if there is a momentum factor associated with investing in WinMate Communication INC.
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 WinMate Stock Analysis
When running WinMate Communication's price analysis, check to measure WinMate Communication'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 WinMate Communication is operating at the current time. Most of WinMate Communication's value examination focuses on studying past and present price action to predict the probability of WinMate Communication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WinMate Communication's price. Additionally, you may evaluate how the addition of WinMate Communication to your portfolios can decrease your overall portfolio volatility.