Optotech Corp (Taiwan) Market Value
| 2340 Stock | TWD 30.35 0.75 2.41% |
| Symbol | Optotech |
Optotech Corp '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 Optotech Corp'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 Optotech Corp.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Optotech Corp on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Optotech Corp or generate 0.0% return on investment in Optotech Corp over 720 days. Optotech Corp is related to or competes with Everlight Electronics, Winbond Electronics, Macronix International, Lite On, and Silicon Integrated. Opto Tech Corporation manufactures and sells semiconductor components in Taiwan, Mainland China, and internationally More
Optotech Corp 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 Optotech Corp'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 Optotech Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 12.42 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.34 |
Optotech Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optotech Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optotech Corp's standard deviation. In reality, there are many statistical measures that can use Optotech Corp historical prices to predict the future Optotech Corp's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (1.21) |
Optotech Corp Backtested Returns
Optotech Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19% return per unit of risk over the last 3 months. Optotech Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optotech Corp's Risk Adjusted Performance of (0.11), variance of 4.53, and Coefficient Of Variation of (638.22) to confirm the risk estimate we provide. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Optotech Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Optotech Corp is expected to be smaller as well. At this point, Optotech Corp has a negative expected return of -0.4%. Please make sure to check Optotech Corp's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Optotech Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Optotech Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Optotech Corp time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Optotech Corp price movement. The serial correlation of -0.5 indicates that about 50.0% of current Optotech Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 15.89 |
Optotech Corp lagged returns against current returns
Autocorrelation, which is Optotech Corp 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 Optotech Corp's stock expected returns. We can calculate the autocorrelation of Optotech Corp returns to help us make a trade decision. For example, suppose you find that Optotech Corp 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 |
Optotech Corp 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 Optotech Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optotech Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optotech Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Optotech Corp Lagged Returns
When evaluating Optotech Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optotech Corp stock have on its future price. Optotech Corp 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, Optotech Corp autocorrelation shows the relationship between Optotech Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Optotech Corp.
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 Optotech Stock Analysis
When running Optotech Corp's price analysis, check to measure Optotech Corp'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 Optotech Corp is operating at the current time. Most of Optotech Corp's value examination focuses on studying past and present price action to predict the probability of Optotech Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optotech Corp's price. Additionally, you may evaluate how the addition of Optotech Corp to your portfolios can decrease your overall portfolio volatility.