Amulaire Thermal (Taiwan) Market Value
| 2241 Stock | TWD 31.70 0.40 1.25% |
| Symbol | Amulaire |
Amulaire Thermal '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 Amulaire Thermal'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 Amulaire Thermal.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Amulaire Thermal on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Amulaire Thermal Technology or generate 0.0% return on investment in Amulaire Thermal over 690 days. Amulaire Thermal is related to or competes with YCC Parts, Hsing Ta, De Licacy, Ruentex Development, Symtek Automation, CTCI Corp, and Information Technology. Amulaire Thermal Technology, Inc. provides cooling fins for green electronic devices in Taiwan, Europe, North America, a... More
Amulaire Thermal 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 Amulaire Thermal'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 Amulaire Thermal Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.0137 | |||
| Maximum Drawdown | 15.09 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 8.2 |
Amulaire Thermal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amulaire Thermal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amulaire Thermal's standard deviation. In reality, there are many statistical measures that can use Amulaire Thermal historical prices to predict the future Amulaire Thermal's volatility.| Risk Adjusted Performance | 0.0484 | |||
| Jensen Alpha | 0.17 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.019 | |||
| Treynor Ratio | (2.89) |
Amulaire Thermal Tec Backtested Returns
Amulaire Thermal appears to be not too volatile, given 3 months investment horizon. Amulaire Thermal Tec secures Sharpe Ratio (or Efficiency) of 0.0595, which signifies that the company had a 0.0595% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Amulaire Thermal Technology, which you can use to evaluate the volatility of the firm. Please makes use of Amulaire Thermal's Downside Deviation of 2.35, risk adjusted performance of 0.0484, and Mean Deviation of 2.21 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amulaire Thermal holds a performance score of 4. The firm shows a Beta (market volatility) of -0.0564, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amulaire Thermal are expected to decrease at a much lower rate. During the bear market, Amulaire Thermal is likely to outperform the market. Please check Amulaire Thermal's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Amulaire Thermal's price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Amulaire Thermal Technology has insignificant predictability. Overlapping area represents the amount of predictability between Amulaire Thermal time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Amulaire Thermal Tec price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Amulaire Thermal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 40.01 |
Amulaire Thermal Tec lagged returns against current returns
Autocorrelation, which is Amulaire Thermal 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 Amulaire Thermal's stock expected returns. We can calculate the autocorrelation of Amulaire Thermal returns to help us make a trade decision. For example, suppose you find that Amulaire Thermal 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 |
Amulaire Thermal 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 Amulaire Thermal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amulaire Thermal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amulaire Thermal stock over time.
Current vs Lagged Prices |
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Amulaire Thermal Lagged Returns
When evaluating Amulaire Thermal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amulaire Thermal stock have on its future price. Amulaire Thermal 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, Amulaire Thermal autocorrelation shows the relationship between Amulaire Thermal stock current value and its past values and can show if there is a momentum factor associated with investing in Amulaire Thermal Technology.
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 Amulaire Stock Analysis
When running Amulaire Thermal's price analysis, check to measure Amulaire Thermal'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 Amulaire Thermal is operating at the current time. Most of Amulaire Thermal's value examination focuses on studying past and present price action to predict the probability of Amulaire Thermal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amulaire Thermal's price. Additionally, you may evaluate how the addition of Amulaire Thermal to your portfolios can decrease your overall portfolio volatility.