Winnergy Medical (Thailand) Market Value
| WINMED Stock | THB 1.95 0.01 0.51% |
| Symbol | Winnergy |
Winnergy Medical '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 Winnergy Medical'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 Winnergy Medical.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Winnergy Medical on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Winnergy Medical Public or generate 0.0% return on investment in Winnergy Medical over 360 days. Winnergy Medical is related to or competes with Dohome Public, Humanica Public, Jay Mart, and Siam Global. Winnergy Medical Public Company Limited imports and distributes medical and diagnostic products in China More
Winnergy Medical 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 Winnergy Medical'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 Winnergy Medical Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0941 | |||
| Maximum Drawdown | 10.78 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 3.41 |
Winnergy Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winnergy Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winnergy Medical's standard deviation. In reality, there are many statistical measures that can use Winnergy Medical historical prices to predict the future Winnergy Medical's volatility.| Risk Adjusted Performance | 0.1117 | |||
| Jensen Alpha | 0.2978 | |||
| Total Risk Alpha | 0.0451 | |||
| Sortino Ratio | 0.0844 | |||
| Treynor Ratio | (1.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Winnergy Medical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Winnergy Medical Public Backtested Returns
At this point, Winnergy Medical is unstable. Winnergy Medical Public shows Sharpe Ratio of 0.0691, which attests that the company had a 0.0691% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Winnergy Medical Public, which you can use to evaluate the volatility of the company. Please check out Winnergy Medical's Downside Deviation of 2.33, mean deviation of 1.55, and Market Risk Adjusted Performance of (1.50) to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Winnergy Medical has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Winnergy Medical are expected to decrease at a much lower rate. During the bear market, Winnergy Medical is likely to outperform the market. Winnergy Medical Public right now maintains a risk of 2.03%. Please check out Winnergy Medical Public semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Winnergy Medical Public will be following its historical returns.
Auto-correlation | -0.27 |
Weak reverse predictability
Winnergy Medical Public has weak reverse predictability. Overlapping area represents the amount of predictability between Winnergy Medical time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Winnergy Medical Public price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Winnergy Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Winnergy Medical Public lagged returns against current returns
Autocorrelation, which is Winnergy Medical 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 Winnergy Medical's stock expected returns. We can calculate the autocorrelation of Winnergy Medical returns to help us make a trade decision. For example, suppose you find that Winnergy Medical 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 |
Winnergy Medical 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 Winnergy Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winnergy Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winnergy Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Winnergy Medical Lagged Returns
When evaluating Winnergy Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winnergy Medical stock have on its future price. Winnergy Medical 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, Winnergy Medical autocorrelation shows the relationship between Winnergy Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Winnergy Medical Public.
Regressed Prices |
| Timeline |
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Winnergy Medical financial ratios help investors to determine whether Winnergy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Winnergy with respect to the benefits of owning Winnergy Medical security.