Reward Wool (Taiwan) Market Value
| 1423 Stock | TWD 31.55 0.05 0.16% |
| Symbol | Reward |
Reward Wool '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 Reward Wool'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 Reward Wool.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Reward Wool on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Reward Wool Industry or generate 0.0% return on investment in Reward Wool over 30 days. Reward Wool is related to or competes with Chaintech Technology, Avision, Clevo, and Elitegroup Computer. Reward Wool Industry Corporation produces and sells wool products in Taiwan More
Reward Wool 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 Reward Wool'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 Reward Wool Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3542 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 1.77 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.4934 |
Reward Wool Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reward Wool's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reward Wool's standard deviation. In reality, there are many statistical measures that can use Reward Wool historical prices to predict the future Reward Wool's volatility.| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | 0.0464 | |||
| Total Risk Alpha | 0.0103 | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 8.67 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reward Wool'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.
Reward Wool Industry Backtested Returns
We consider Reward Wool very steady. Reward Wool Industry maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Reward Wool Industry, which you can use to evaluate the volatility of the company. Please check Reward Wool's Semi Deviation of 0.1351, risk adjusted performance of 0.0991, and Coefficient Of Variation of 583.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.0442%. Reward Wool has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of 0.0054, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reward Wool's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reward Wool is expected to be smaller as well. Reward Wool Industry right now holds a risk of 0.31%. Please check Reward Wool Industry jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Reward Wool Industry will be following its historical price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Reward Wool Industry has modest reverse predictability. Overlapping area represents the amount of predictability between Reward Wool time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Reward Wool Industry price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Reward Wool price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Reward Wool Industry lagged returns against current returns
Autocorrelation, which is Reward Wool 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 Reward Wool's stock expected returns. We can calculate the autocorrelation of Reward Wool returns to help us make a trade decision. For example, suppose you find that Reward Wool 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 |
Reward Wool 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 Reward Wool stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reward Wool stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reward Wool stock over time.
Current vs Lagged Prices |
| Timeline |
Reward Wool Lagged Returns
When evaluating Reward Wool's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reward Wool stock have on its future price. Reward Wool 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, Reward Wool autocorrelation shows the relationship between Reward Wool stock current value and its past values and can show if there is a momentum factor associated with investing in Reward Wool Industry.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Reward Wool in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Reward Wool's short interest history, or implied volatility extrapolated from Reward Wool options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Reward Wool Correlation, Reward Wool Volatility and Reward Wool Alpha and Beta module to complement your research on Reward Wool. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Reward Stock analysis
When running Reward Wool's price analysis, check to measure Reward Wool'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 Reward Wool is operating at the current time. Most of Reward Wool's value examination focuses on studying past and present price action to predict the probability of Reward Wool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reward Wool's price. Additionally, you may evaluate how the addition of Reward Wool to your portfolios can decrease your overall portfolio volatility.
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Reward Wool technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.