Microelectronics (Taiwan) Market Value
| 2314 Stock | TWD 31.55 0.65 2.02% |
| Symbol | Microelectronics |
Microelectronics '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 Microelectronics' 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 Microelectronics.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Microelectronics on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Microelectronics Technology or generate 0.0% return on investment in Microelectronics over 30 days. Microelectronics is related to or competes with Novatek Microelectronics, Sitronix Technology, Elan Microelectronics, Global Unichip, and Holtek Semiconductor. Microelectronics Technology Inc. designs, manufactures, and sells microwave and satellite communication products in Taiw... More
Microelectronics 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 Microelectronics' 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 Microelectronics Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0397 | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 9.68 |
Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Microelectronics' standard deviation. In reality, there are many statistical measures that can use Microelectronics historical prices to predict the future Microelectronics' volatility.| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.1816 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0554 | |||
| Treynor Ratio | 0.4628 |
Microelectronics Tec Backtested Returns
At this stage we consider Microelectronics Stock to be very steady. Microelectronics Tec has Sharpe Ratio of 0.0015, which conveys that the firm had a 0.0015% return per unit of risk over the last 3 months. We have found thirty technical indicators for Microelectronics, which you can use to evaluate the volatility of the firm. Please verify Microelectronics' Mean Deviation of 2.06, downside deviation of 2.26, and Risk Adjusted Performance of 0.0697 to check out if the risk estimate we provide is consistent with the expected return of 0.0043%. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Microelectronics is expected to be smaller as well. Microelectronics Tec right now secures a risk of 2.86%. Please verify Microelectronics Technology downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Microelectronics Technology will be following its current price movements.
Auto-correlation | 0.01 |
Virtually no predictability
Microelectronics Technology has virtually no predictability. Overlapping area represents the amount of predictability between Microelectronics time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Microelectronics Tec price movement. The serial correlation of 0.01 indicates that just 1.0% of current Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Microelectronics Tec lagged returns against current returns
Autocorrelation, which is Microelectronics 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 Microelectronics' stock expected returns. We can calculate the autocorrelation of Microelectronics returns to help us make a trade decision. For example, suppose you find that Microelectronics 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 |
Microelectronics 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 Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Microelectronics Lagged Returns
When evaluating Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Microelectronics stock have on its future price. Microelectronics 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, Microelectronics autocorrelation shows the relationship between Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Microelectronics Technology.
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 Microelectronics Stock Analysis
When running Microelectronics' price analysis, check to measure Microelectronics' 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 Microelectronics is operating at the current time. Most of Microelectronics' value examination focuses on studying past and present price action to predict the probability of Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microelectronics' price. Additionally, you may evaluate how the addition of Microelectronics to your portfolios can decrease your overall portfolio volatility.