Waffer Technology (Taiwan) Market Value
| 6235 Stock | TWD 68.90 0.50 0.72% |
| Symbol | Waffer |
Waffer Technology '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 Waffer Technology'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 Waffer Technology.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Waffer Technology on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Waffer Technology Corp or generate 0.0% return on investment in Waffer Technology over 90 days. Waffer Technology is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. Waffer Technology Corporation manufactures and sells light metal products worldwide More
Waffer Technology 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 Waffer Technology'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 Waffer Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.2 |
Waffer Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waffer Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waffer Technology's standard deviation. In reality, there are many statistical measures that can use Waffer Technology historical prices to predict the future Waffer Technology's volatility.| Risk Adjusted Performance | 0.0081 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
Waffer Technology Corp Backtested Returns
Waffer Technology Corp shows Sharpe Ratio of -0.0224, which attests that the company had a -0.0224% return per unit of risk over the last 3 months. Waffer Technology Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Waffer Technology's Downside Deviation of 2.63, market risk adjusted performance of 0.004, and Mean Deviation of 2.1 to validate the risk estimate we provide. The firm maintains a market beta of 1.18, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Waffer Technology will likely underperform. At this point, Waffer Technology Corp has a negative expected return of -0.0641%. Please make sure to check out Waffer Technology's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Waffer Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Waffer Technology Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Waffer Technology time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Waffer Technology Corp price movement. The serial correlation of -0.17 indicates that over 17.0% of current Waffer Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 6.21 |
Waffer Technology Corp lagged returns against current returns
Autocorrelation, which is Waffer Technology 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 Waffer Technology's stock expected returns. We can calculate the autocorrelation of Waffer Technology returns to help us make a trade decision. For example, suppose you find that Waffer Technology 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 |
Waffer Technology 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 Waffer Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waffer Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waffer Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Waffer Technology Lagged Returns
When evaluating Waffer Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waffer Technology stock have on its future price. Waffer Technology 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, Waffer Technology autocorrelation shows the relationship between Waffer Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Waffer Technology Corp.
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 Waffer Stock Analysis
When running Waffer Technology's price analysis, check to measure Waffer Technology'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 Waffer Technology is operating at the current time. Most of Waffer Technology's value examination focuses on studying past and present price action to predict the probability of Waffer Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waffer Technology's price. Additionally, you may evaluate how the addition of Waffer Technology to your portfolios can decrease your overall portfolio volatility.