Well Shin (Taiwan) Market Value
| 3501 Stock | TWD 48.25 0.15 0.31% |
| Symbol | Well |
Well Shin '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 Well Shin'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 Well Shin.
| 10/16/2024 |
| 01/09/2026 |
If you would invest 0.00 in Well Shin on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Well Shin Technology or generate 0.0% return on investment in Well Shin over 450 days. Well Shin is related to or competes with Evertop Wire, LongDa Construction, Creative Sensor, Young Optics, Jiin Yeeh, National Aerospace, and Chieftek Precision. Well Shin Technology Co., Ltd. develops and sells household power cords in Taiwan and internationally More
Well Shin 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 Well Shin'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 Well Shin Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.17 |
Well Shin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Well Shin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Well Shin's standard deviation. In reality, there are many statistical measures that can use Well Shin historical prices to predict the future Well Shin's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.40) |
Well Shin Technology Backtested Returns
Well Shin Technology shows Sharpe Ratio of -0.11, which attests that the company had a -0.11 % return per unit of risk over the last 3 months. Well Shin Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Well Shin's Standard Deviation of 0.8255, market risk adjusted performance of (0.39), and Mean Deviation of 0.6443 to validate the risk estimate we provide. The firm maintains a market beta of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Well Shin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Well Shin is expected to be smaller as well. At this point, Well Shin Technology has a negative expected return of -0.0938%. Please make sure to check out Well Shin's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Well Shin Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Well Shin Technology has good predictability. Overlapping area represents the amount of predictability between Well Shin time series from 16th of October 2024 to 29th of May 2025 and 29th of May 2025 to 9th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Well Shin Technology price movement. The serial correlation of 0.66 indicates that around 66.0% of current Well Shin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 14.06 |
Well Shin Technology lagged returns against current returns
Autocorrelation, which is Well Shin 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 Well Shin's stock expected returns. We can calculate the autocorrelation of Well Shin returns to help us make a trade decision. For example, suppose you find that Well Shin 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 |
Well Shin 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 Well Shin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Well Shin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Well Shin stock over time.
Current vs Lagged Prices |
| Timeline |
Well Shin Lagged Returns
When evaluating Well Shin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Well Shin stock have on its future price. Well Shin 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, Well Shin autocorrelation shows the relationship between Well Shin stock current value and its past values and can show if there is a momentum factor associated with investing in Well Shin Technology.
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 Well Stock Analysis
When running Well Shin's price analysis, check to measure Well Shin'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 Well Shin is operating at the current time. Most of Well Shin's value examination focuses on studying past and present price action to predict the probability of Well Shin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Well Shin's price. Additionally, you may evaluate how the addition of Well Shin to your portfolios can decrease your overall portfolio volatility.