Quanta Computer (Taiwan) Market Value
| 2382 Stock | TWD 299.00 2.00 0.67% |
| Symbol | Quanta |
Quanta 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 Quanta 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 Quanta Computer.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Quanta Computer on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Quanta Computer or generate 0.0% return on investment in Quanta Computer over 30 days. Quanta Computer is related to or competes with Novatek Microelectronics, and United Microelectronics. Quanta Computer Inc., together with its subsidiaries, engages in manufacturing, processing, and selling laptop computers... More
Quanta 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 Quanta 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 Quanta Computer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 3.85 |
Quanta Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quanta Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quanta Computer's standard deviation. In reality, there are many statistical measures that can use Quanta Computer historical prices to predict the future Quanta Computer's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1565 |
Quanta Computer Backtested Returns
At this stage we consider Quanta Stock to be very steady. Quanta Computer maintains Sharpe Ratio (i.e., Efficiency) of 0.0583, which implies the firm had a 0.0583% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Quanta Computer, which you can use to evaluate the volatility of the company. Please check Quanta Computer's Semi Deviation of 2.54, coefficient of variation of 2256.64, and Risk Adjusted Performance of 0.0408 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Quanta Computer has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quanta Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quanta Computer is expected to be smaller as well. Quanta Computer right now holds a risk of 2.5%. Please check Quanta Computer market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Quanta Computer will be following its historical price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Quanta Computer has very good reverse predictability. Overlapping area represents the amount of predictability between Quanta Computer time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Quanta Computer price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Quanta Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 147.81 |
Quanta Computer lagged returns against current returns
Autocorrelation, which is Quanta 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 Quanta Computer's stock expected returns. We can calculate the autocorrelation of Quanta Computer returns to help us make a trade decision. For example, suppose you find that Quanta 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 |
Quanta 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 Quanta Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quanta Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quanta Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Quanta Computer Lagged Returns
When evaluating Quanta Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quanta Computer stock have on its future price. Quanta 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, Quanta Computer autocorrelation shows the relationship between Quanta Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Quanta Computer.
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 Quanta Stock Analysis
When running Quanta Computer's price analysis, check to measure Quanta 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 Quanta Computer is operating at the current time. Most of Quanta Computer's value examination focuses on studying past and present price action to predict the probability of Quanta 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 Quanta Computer's price. Additionally, you may evaluate how the addition of Quanta Computer to your portfolios can decrease your overall portfolio volatility.