Micro Star (Taiwan) Market Value
| 2377 Stock | TWD 170.00 3.50 2.02% |
| Symbol | Micro |
Micro Star '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 Micro Star'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 Micro Star.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Micro Star on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Micro Star International Co or generate 0.0% return on investment in Micro Star over 30 days. Micro Star is related to or competes with Gigabyte Technology, Asustek Computer, Quanta Computer, Compal Electronics, and Realtek Semiconductor. Micro-Star International Co., Ltd. manufactures and sells computers, motherboards, and interface cards in Asia, Europe, ... More
Micro Star 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 Micro Star'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 Micro Star International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.26 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 3.01 |
Micro Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micro Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Micro Star's standard deviation. In reality, there are many statistical measures that can use Micro Star historical prices to predict the future Micro Star's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.25) |
Micro Star Internati Backtested Returns
Micro Star Internati has Sharpe Ratio of -0.0661, which conveys that the firm had a -0.0661% return per unit of risk over the last 3 months. Micro Star exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Micro Star's Standard Deviation of 1.65, risk adjusted performance of (0.04), and Mean Deviation of 1.2 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Micro Star's returns are expected to increase less than the market. However, during the bear market, the loss of holding Micro Star is expected to be smaller as well. At this point, Micro Star Internati has a negative expected return of -0.11%. Please make sure to verify Micro Star's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Micro Star Internati performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Micro Star International Co has good predictability. Overlapping area represents the amount of predictability between Micro Star time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Micro Star Internati price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Micro Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 4.41 |
Micro Star Internati lagged returns against current returns
Autocorrelation, which is Micro Star 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 Micro Star's stock expected returns. We can calculate the autocorrelation of Micro Star returns to help us make a trade decision. For example, suppose you find that Micro Star 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 |
Micro Star 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 Micro Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Micro Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Micro Star stock over time.
Current vs Lagged Prices |
| Timeline |
Micro Star Lagged Returns
When evaluating Micro Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Micro Star stock have on its future price. Micro Star 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, Micro Star autocorrelation shows the relationship between Micro Star stock current value and its past values and can show if there is a momentum factor associated with investing in Micro Star International Co.
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 Micro Stock Analysis
When running Micro Star's price analysis, check to measure Micro Star'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 Micro Star is operating at the current time. Most of Micro Star's value examination focuses on studying past and present price action to predict the probability of Micro Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micro Star's price. Additionally, you may evaluate how the addition of Micro Star to your portfolios can decrease your overall portfolio volatility.