AU Optronics (Taiwan) Market Value
| 2409 Stock | TWD 15.80 0.10 0.64% |
| Symbol | 2409 |
AU Optronics '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 AU Optronics' 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 AU Optronics.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in AU Optronics on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding AU Optronics or generate 0.0% return on investment in AU Optronics over 360 days. AU Optronics is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. AU Optronics Corp. designs, develops, manufactures, assembles, and sells thin film transistor liquid crystal displays an... More
AU Optronics 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 AU Optronics' 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 AU Optronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.17 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.92 |
AU Optronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AU Optronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AU Optronics' standard deviation. In reality, there are many statistical measures that can use AU Optronics historical prices to predict the future AU Optronics' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.20) |
AU Optronics Backtested Returns
AU Optronics retains Efficiency (Sharpe Ratio) of -0.0571, which signifies that the company had a -0.0571% return per unit of price deviation over the last 3 months. AU Optronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AU Optronics' Market Risk Adjusted Performance of (0.19), information ratio of (0.09), and Variance of 2.79 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AU Optronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding AU Optronics is expected to be smaller as well. At this point, AU Optronics has a negative expected return of -0.0923%. Please make sure to confirm AU Optronics' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if AU Optronics performance from the past will be repeated sooner or later.
Auto-correlation | -0.08 |
Very weak reverse predictability
AU Optronics has very weak reverse predictability. Overlapping area represents the amount of predictability between AU Optronics time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 AU Optronics price movement. The serial correlation of -0.08 indicates that barely 8.0% of current AU Optronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
AU Optronics lagged returns against current returns
Autocorrelation, which is AU Optronics 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 AU Optronics' stock expected returns. We can calculate the autocorrelation of AU Optronics returns to help us make a trade decision. For example, suppose you find that AU Optronics 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 |
AU Optronics 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 AU Optronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AU Optronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AU Optronics stock over time.
Current vs Lagged Prices |
| Timeline |
AU Optronics Lagged Returns
When evaluating AU Optronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AU Optronics stock have on its future price. AU Optronics 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, AU Optronics autocorrelation shows the relationship between AU Optronics stock current value and its past values and can show if there is a momentum factor associated with investing in AU Optronics.
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 2409 Stock Analysis
When running AU Optronics' price analysis, check to measure AU Optronics' 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 AU Optronics is operating at the current time. Most of AU Optronics' value examination focuses on studying past and present price action to predict the probability of AU Optronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AU Optronics' price. Additionally, you may evaluate how the addition of AU Optronics to your portfolios can decrease your overall portfolio volatility.