WPG Holdings (Taiwan) Market Value
| 3702 Stock | TWD 70.40 0.40 0.57% |
| Symbol | WPG |
WPG Holdings '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 WPG Holdings' 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 WPG Holdings.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in WPG Holdings on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding WPG Holdings or generate 0.0% return on investment in WPG Holdings over 540 days. WPG Holdings is related to or competes with Synnex Technology, Powertech Technology, Wistron Corp, Chicony Electronics, and Novatek Microelectronics. WPG Holdings Limited distributes semiconductor and electronic components worldwide More
WPG Holdings 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 WPG Holdings' 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 WPG Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 1.73 |
WPG Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WPG Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WPG Holdings' standard deviation. In reality, there are many statistical measures that can use WPG Holdings historical prices to predict the future WPG Holdings' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.45) |
WPG Holdings Backtested Returns
WPG Holdings shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of volatility over the last 3 months. WPG Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WPG Holdings' Risk Adjusted Performance of (0.09), standard deviation of 1.44, and Mean Deviation of 1.08 to validate the risk estimate we provide. The firm maintains a market beta of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WPG Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding WPG Holdings is expected to be smaller as well. At this point, WPG Holdings has a negative expected return of -0.19%. Please make sure to check out WPG Holdings' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if WPG Holdings performance from the past will be repeated at future time.
Auto-correlation | -0.83 |
Excellent reverse predictability
WPG Holdings has excellent reverse predictability. Overlapping area represents the amount of predictability between WPG Holdings time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 WPG Holdings price movement. The serial correlation of -0.83 indicates that around 83.0% of current WPG Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 47.85 |
WPG Holdings lagged returns against current returns
Autocorrelation, which is WPG Holdings 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 WPG Holdings' stock expected returns. We can calculate the autocorrelation of WPG Holdings returns to help us make a trade decision. For example, suppose you find that WPG Holdings 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 |
WPG Holdings 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 WPG Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WPG Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WPG Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
WPG Holdings Lagged Returns
When evaluating WPG Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WPG Holdings stock have on its future price. WPG Holdings 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, WPG Holdings autocorrelation shows the relationship between WPG Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in WPG Holdings.
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 WPG Stock Analysis
When running WPG Holdings' price analysis, check to measure WPG Holdings' 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 WPG Holdings is operating at the current time. Most of WPG Holdings' value examination focuses on studying past and present price action to predict the probability of WPG Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WPG Holdings' price. Additionally, you may evaluate how the addition of WPG Holdings to your portfolios can decrease your overall portfolio volatility.