Asustek Computer (Taiwan) Market Value
| 2357 Stock | TWD 602.00 9.00 1.47% |
| Symbol | Asustek |
Asustek Computer '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 Asustek Computer'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 Asustek Computer.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Asustek Computer on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Asustek Computer or generate 0.0% return on investment in Asustek Computer over 510 days. Asustek Computer is related to or competes with Novatek Microelectronics, and United Microelectronics. ASUSTeK Computer Inc. researches and develops, designs, manufactures, sells, and repairs computers, communications, and ... More
Asustek Computer 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 Asustek Computer'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 Asustek Computer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0642 | |||
| Maximum Drawdown | 9.2 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 3.54 |
Asustek Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asustek Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asustek Computer's standard deviation. In reality, there are many statistical measures that can use Asustek Computer historical prices to predict the future Asustek Computer's volatility.| Risk Adjusted Performance | 0.1098 | |||
| Jensen Alpha | 0.1953 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0741 | |||
| Treynor Ratio | 0.7226 |
Asustek Computer Backtested Returns
At this stage we consider Asustek Stock to be very steady. Asustek Computer secures Sharpe Ratio (or Efficiency) of 0.0889, which signifies that the company had a 0.0889% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asustek Computer, which you can use to evaluate the volatility of the firm. Please confirm Asustek Computer's Risk Adjusted Performance of 0.1098, mean deviation of 1.4, and Downside Deviation of 1.55 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Asustek Computer has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asustek Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asustek Computer is expected to be smaller as well. Asustek Computer right now shows a risk of 1.71%. Please confirm Asustek Computer standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Asustek Computer will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
Asustek Computer has very good predictability. Overlapping area represents the amount of predictability between Asustek Computer time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 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 Asustek Computer price movement. The serial correlation of 0.8 indicates that around 80.0% of current Asustek Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 3622.53 |
Asustek Computer lagged returns against current returns
Autocorrelation, which is Asustek Computer 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 Asustek Computer's stock expected returns. We can calculate the autocorrelation of Asustek Computer returns to help us make a trade decision. For example, suppose you find that Asustek Computer 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 |
Asustek Computer 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 Asustek Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asustek Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asustek Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Asustek Computer Lagged Returns
When evaluating Asustek Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asustek Computer stock have on its future price. Asustek Computer 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, Asustek Computer autocorrelation shows the relationship between Asustek Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Asustek Computer.
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 Asustek Stock Analysis
When running Asustek Computer's price analysis, check to measure Asustek Computer'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 Asustek Computer is operating at the current time. Most of Asustek Computer's value examination focuses on studying past and present price action to predict the probability of Asustek Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asustek Computer's price. Additionally, you may evaluate how the addition of Asustek Computer to your portfolios can decrease your overall portfolio volatility.