Audix Corp (Taiwan) Market Value
| 2459 Stock | 71.30 0.30 0.42% |
| Symbol | Audix |
Audix Corp '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 Audix Corp'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 Audix Corp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Audix Corp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Audix Corp or generate 0.0% return on investment in Audix Corp over 30 days. Audix Corp is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. Audix Corporationration manufactures and distributes electronic components in Taiwan and internationally. More
Audix Corp 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 Audix Corp'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 Audix Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 2.26 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.7092 |
Audix Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Audix Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Audix Corp's standard deviation. In reality, there are many statistical measures that can use Audix Corp historical prices to predict the future Audix Corp's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.2842 |
Audix Corp Backtested Returns
Audix Corp secures Sharpe Ratio (or Efficiency) of -0.0227, which signifies that the company had a -0.0227% return per unit of standard deviation over the last 3 months. Audix Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Audix Corp's risk adjusted performance of (0.04), and Mean Deviation of 0.3748 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Audix Corp are expected to decrease at a much lower rate. During the bear market, Audix Corp is likely to outperform the market. At this point, Audix Corp has a negative expected return of -0.0121%. Please make sure to confirm Audix Corp's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Audix Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Audix Corp has below average predictability. Overlapping area represents the amount of predictability between Audix Corp 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 Audix Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Audix Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Audix Corp lagged returns against current returns
Autocorrelation, which is Audix Corp 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 Audix Corp's stock expected returns. We can calculate the autocorrelation of Audix Corp returns to help us make a trade decision. For example, suppose you find that Audix Corp 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 |
Audix Corp 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 Audix Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Audix Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Audix Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Audix Corp Lagged Returns
When evaluating Audix Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Audix Corp stock have on its future price. Audix Corp 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, Audix Corp autocorrelation shows the relationship between Audix Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Audix Corp.
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 Audix Stock Analysis
When running Audix Corp's price analysis, check to measure Audix Corp'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 Audix Corp is operating at the current time. Most of Audix Corp's value examination focuses on studying past and present price action to predict the probability of Audix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Audix Corp's price. Additionally, you may evaluate how the addition of Audix Corp to your portfolios can decrease your overall portfolio volatility.