Orient Semiconductor (Taiwan) Market Value
| 2329 Stock | TWD 36.70 0.30 0.81% |
| Symbol | Orient |
Orient Semiconductor '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 Orient Semiconductor'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 Orient Semiconductor.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Orient Semiconductor on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Orient Semiconductor Electronics or generate 0.0% return on investment in Orient Semiconductor over 30 days. Orient Semiconductor is related to or competes with Macronix International, Silicon Integrated, Winbond Electronics, Mosel Vitelic, and Lingsen Precision. Orient Semiconductor Electronics, Ltd. provides IC packaging and testing services, and electronics manufacturing service... More
Orient Semiconductor 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 Orient Semiconductor'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 Orient Semiconductor Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.85 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 5.28 |
Orient Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orient Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orient Semiconductor's standard deviation. In reality, there are many statistical measures that can use Orient Semiconductor historical prices to predict the future Orient Semiconductor's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.90) |
Orient Semiconductor Backtested Returns
Orient Semiconductor maintains Sharpe Ratio (i.e., Efficiency) of -0.0544, which implies the firm had a -0.0544% return per unit of risk over the last 3 months. Orient Semiconductor exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orient Semiconductor's Variance of 7.87, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,604) to confirm the risk estimate we provide. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orient Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orient Semiconductor is expected to be smaller as well. At this point, Orient Semiconductor has a negative expected return of -0.16%. Please make sure to check Orient Semiconductor's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Orient Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Orient Semiconductor Electronics has good reverse predictability. Overlapping area represents the amount of predictability between Orient Semiconductor 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 Orient Semiconductor price movement. The serial correlation of -0.51 indicates that about 51.0% of current Orient Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
Orient Semiconductor lagged returns against current returns
Autocorrelation, which is Orient Semiconductor 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 Orient Semiconductor's stock expected returns. We can calculate the autocorrelation of Orient Semiconductor returns to help us make a trade decision. For example, suppose you find that Orient Semiconductor 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 |
Orient Semiconductor 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 Orient Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orient Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orient Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Orient Semiconductor Lagged Returns
When evaluating Orient Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orient Semiconductor stock have on its future price. Orient Semiconductor 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, Orient Semiconductor autocorrelation shows the relationship between Orient Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Orient Semiconductor Electronics.
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 Orient Stock Analysis
When running Orient Semiconductor's price analysis, check to measure Orient Semiconductor'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 Orient Semiconductor is operating at the current time. Most of Orient Semiconductor's value examination focuses on studying past and present price action to predict the probability of Orient Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orient Semiconductor's price. Additionally, you may evaluate how the addition of Orient Semiconductor to your portfolios can decrease your overall portfolio volatility.