MacroWell OMG (Taiwan) Market Value
| 3687 Stock | TWD 95.80 1.30 1.38% |
| Symbol | MacroWell |
MacroWell OMG '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 MacroWell OMG'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 MacroWell OMG.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in MacroWell OMG on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding MacroWell OMG Digital or generate 0.0% return on investment in MacroWell OMG over 540 days. MacroWell OMG is related to or competes with Gamania Digital, Soft World, Softstar Entertainment, X Legend, Userjoy Technology, Wayi International, and Fun Yours. MacroWell OMG Digital Entertainment Co., Ltd More
MacroWell OMG 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 MacroWell OMG'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 MacroWell OMG Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.33 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 5.49 |
MacroWell OMG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MacroWell OMG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MacroWell OMG's standard deviation. In reality, there are many statistical measures that can use MacroWell OMG historical prices to predict the future MacroWell OMG's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0997 |
MacroWell OMG Digital Backtested Returns
At this stage we consider MacroWell Stock to be very steady. MacroWell OMG Digital has Sharpe Ratio of 0.0349, which conveys that the firm had a 0.0349% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MacroWell OMG, which you can use to evaluate the volatility of the firm. Please verify MacroWell OMG's Risk Adjusted Performance of 0.0267, downside deviation of 2.71, and Mean Deviation of 1.89 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. MacroWell OMG has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MacroWell OMG's returns are expected to increase less than the market. However, during the bear market, the loss of holding MacroWell OMG is expected to be smaller as well. MacroWell OMG Digital right now secures a risk of 2.99%. Please verify MacroWell OMG Digital mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if MacroWell OMG Digital will be following its current price movements.
Auto-correlation | 0.03 |
Virtually no predictability
MacroWell OMG Digital has virtually no predictability. Overlapping area represents the amount of predictability between MacroWell OMG time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 MacroWell OMG Digital price movement. The serial correlation of 0.03 indicates that only 3.0% of current MacroWell OMG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 50.85 |
MacroWell OMG Digital lagged returns against current returns
Autocorrelation, which is MacroWell OMG 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 MacroWell OMG's stock expected returns. We can calculate the autocorrelation of MacroWell OMG returns to help us make a trade decision. For example, suppose you find that MacroWell OMG 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 |
MacroWell OMG 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 MacroWell OMG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MacroWell OMG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MacroWell OMG stock over time.
Current vs Lagged Prices |
| Timeline |
MacroWell OMG Lagged Returns
When evaluating MacroWell OMG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MacroWell OMG stock have on its future price. MacroWell OMG 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, MacroWell OMG autocorrelation shows the relationship between MacroWell OMG stock current value and its past values and can show if there is a momentum factor associated with investing in MacroWell OMG Digital.
Regressed Prices |
| Timeline |
Pair Trading with MacroWell OMG
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 MacroWell OMG 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 MacroWell OMG will appreciate offsetting losses from the drop in the long position's value.Moving together with MacroWell Stock
Moving against MacroWell Stock
| 0.83 | 4546 | Chaheng Precision | PairCorr |
| 0.71 | 4994 | X Legend Entertainment | PairCorr |
| 0.61 | 6542 | GameSparcs | PairCorr |
| 0.56 | 2072 | Century Wind Power | PairCorr |
| 0.52 | 6482 | Fun Yours Technology Split | PairCorr |
The ability to find closely correlated positions to MacroWell OMG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MacroWell OMG 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 MacroWell OMG - 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 MacroWell OMG Digital to buy it.
The correlation of MacroWell OMG 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 MacroWell OMG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MacroWell OMG Digital 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 MacroWell OMG 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 MacroWell Stock Analysis
When running MacroWell OMG's price analysis, check to measure MacroWell OMG'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 MacroWell OMG is operating at the current time. Most of MacroWell OMG's value examination focuses on studying past and present price action to predict the probability of MacroWell OMG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MacroWell OMG's price. Additionally, you may evaluate how the addition of MacroWell OMG to your portfolios can decrease your overall portfolio volatility.