Zippy Technology (Taiwan) Market Value
| 2420 Stock | TWD 68.20 1.10 1.64% |
| Symbol | Zippy |
Zippy 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 Zippy 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 Zippy Technology.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Zippy Technology on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Zippy Technology Corp or generate 0.0% return on investment in Zippy Technology over 660 days. Zippy Technology is related to or competes with Greatek Electronics, Thinking Electronic, Chicony Electronics, United Integrated, and Unitech Computer. Zippy Technology Corp. manufactures and sells micro switches and industrial power supplies worldwide More
Zippy 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 Zippy 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 Zippy Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.56 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 4.8 |
Zippy Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zippy Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zippy Technology's standard deviation. In reality, there are many statistical measures that can use Zippy Technology historical prices to predict the future Zippy Technology's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.0437 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.02) |
Zippy Technology Corp Backtested Returns
At this stage we consider Zippy Stock to be very steady. Zippy Technology Corp shows Sharpe Ratio of 0.0457, which attests that the company had a 0.0457% return per unit of risk over the last 3 months. We have found thirty technical indicators for Zippy Technology Corp, which you can use to evaluate the volatility of the company. Please check out Zippy Technology's Mean Deviation of 2.11, market risk adjusted performance of (0.01), and Downside Deviation of 3.15 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Zippy Technology has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zippy Technology are expected to decrease at a much lower rate. During the bear market, Zippy Technology is likely to outperform the market. Zippy Technology Corp right now maintains a risk of 2.91%. Please check out Zippy Technology Corp standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Zippy Technology Corp will be following its historical returns.
Auto-correlation | 0.88 |
Very good predictability
Zippy Technology Corp has very good predictability. Overlapping area represents the amount of predictability between Zippy Technology time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Zippy Technology Corp price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Zippy Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 83.93 |
Zippy Technology Corp lagged returns against current returns
Autocorrelation, which is Zippy 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 Zippy Technology's stock expected returns. We can calculate the autocorrelation of Zippy Technology returns to help us make a trade decision. For example, suppose you find that Zippy 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 |
Zippy 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 Zippy Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zippy Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zippy Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Zippy Technology Lagged Returns
When evaluating Zippy Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zippy Technology stock have on its future price. Zippy 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, Zippy Technology autocorrelation shows the relationship between Zippy Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Zippy 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 Zippy Stock Analysis
When running Zippy Technology's price analysis, check to measure Zippy 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 Zippy Technology is operating at the current time. Most of Zippy Technology's value examination focuses on studying past and present price action to predict the probability of Zippy 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 Zippy Technology's price. Additionally, you may evaluate how the addition of Zippy Technology to your portfolios can decrease your overall portfolio volatility.