Anderson Industrial (Taiwan) Market Value
| 1528 Stock | TWD 17.30 0.30 1.70% |
| Symbol | Anderson |
Anderson Industrial '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 Anderson Industrial'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 Anderson Industrial.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Anderson Industrial on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Anderson Industrial Corp or generate 0.0% return on investment in Anderson Industrial over 180 days. Anderson Industrial is related to or competes with BES Engineering, Continental Holdings, Kee Tai, and Hung Sheng. Anderson Industrial Corporation manufactures and sells computer numerical control machineries in Taiwan, China, Germany,... More
Anderson Industrial 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 Anderson Industrial'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 Anderson Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.0416 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 9.92 |
Anderson Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anderson Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anderson Industrial's standard deviation. In reality, there are many statistical measures that can use Anderson Industrial historical prices to predict the future Anderson Industrial's volatility.| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.295 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0501 | |||
| Treynor Ratio | (6.16) |
Anderson Industrial Corp Backtested Returns
Anderson Industrial appears to be somewhat reliable, given 3 months investment horizon. Anderson Industrial Corp secures Sharpe Ratio (or Efficiency) of 0.0935, which signifies that the company had a 0.0935% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Anderson Industrial Corp, which you can use to evaluate the volatility of the firm. Please makes use of Anderson Industrial's mean deviation of 2.71, and Risk Adjusted Performance of 0.0669 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anderson Industrial holds a performance score of 7. The firm shows a Beta (market volatility) of -0.0469, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Anderson Industrial are expected to decrease at a much lower rate. During the bear market, Anderson Industrial is likely to outperform the market. Please check Anderson Industrial's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Anderson Industrial's price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Anderson Industrial Corp has insignificant predictability. Overlapping area represents the amount of predictability between Anderson Industrial time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Anderson Industrial Corp price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Anderson Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 7.77 |
Anderson Industrial Corp lagged returns against current returns
Autocorrelation, which is Anderson Industrial 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 Anderson Industrial's stock expected returns. We can calculate the autocorrelation of Anderson Industrial returns to help us make a trade decision. For example, suppose you find that Anderson Industrial 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 |
Anderson Industrial 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 Anderson Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anderson Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anderson Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Anderson Industrial Lagged Returns
When evaluating Anderson Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anderson Industrial stock have on its future price. Anderson Industrial 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, Anderson Industrial autocorrelation shows the relationship between Anderson Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Anderson Industrial Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Anderson Stock Analysis
When running Anderson Industrial's price analysis, check to measure Anderson Industrial'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 Anderson Industrial is operating at the current time. Most of Anderson Industrial's value examination focuses on studying past and present price action to predict the probability of Anderson Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anderson Industrial's price. Additionally, you may evaluate how the addition of Anderson Industrial to your portfolios can decrease your overall portfolio volatility.