Accton Technology (Taiwan) Market Value
| 2345 Stock | TWD 658.00 26.00 4.11% |
| Symbol | Accton |
Accton Technology '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 Accton Technology'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 Accton Technology.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Accton Technology on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Accton Technology Corp or generate 0.0% return on investment in Accton Technology over 180 days. Accton Technology is related to or competes with Sitronix Technology, Elan Microelectronics, Global Unichip, and Holtek Semiconductor. Accton Technology Corporation engages in the provision of networking and communications solutions More
Accton Technology 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 Accton Technology'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 Accton Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0789 | |||
| Maximum Drawdown | 11.1 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 4.75 |
Accton Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accton Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accton Technology's standard deviation. In reality, there are many statistical measures that can use Accton Technology historical prices to predict the future Accton Technology's volatility.| Risk Adjusted Performance | 0.1037 | |||
| Jensen Alpha | 0.2551 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0784 | |||
| Treynor Ratio | 0.4911 |
Accton Technology Corp Backtested Returns
Accton Technology appears to be very steady, given 3 months investment horizon. Accton Technology Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Accton Technology Corp, which you can use to evaluate the volatility of the firm. Please makes use of Accton Technology's mean deviation of 2.16, and Risk Adjusted Performance of 0.1037 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Accton Technology holds a performance score of 10. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Accton Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accton Technology is expected to be smaller as well. Please check Accton Technology's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Accton Technology's price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Accton Technology Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Accton Technology time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Accton Technology Corp price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Accton Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1511.16 |
Accton Technology Corp lagged returns against current returns
Autocorrelation, which is Accton Technology 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 Accton Technology's stock expected returns. We can calculate the autocorrelation of Accton Technology returns to help us make a trade decision. For example, suppose you find that Accton Technology 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 |
Accton Technology 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 Accton Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accton Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accton Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Accton Technology Lagged Returns
When evaluating Accton Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accton Technology stock have on its future price. Accton Technology 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, Accton Technology autocorrelation shows the relationship between Accton Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Accton Technology 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 Accton Stock Analysis
When running Accton Technology's price analysis, check to measure Accton Technology'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 Accton Technology is operating at the current time. Most of Accton Technology's value examination focuses on studying past and present price action to predict the probability of Accton Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accton Technology's price. Additionally, you may evaluate how the addition of Accton Technology to your portfolios can decrease your overall portfolio volatility.