Ares International (Taiwan) Market Value
| 2471 Stock | TWD 47.50 0.80 1.71% |
| Symbol | Ares |
Ares International '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 Ares International'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 Ares International.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ares International on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ares International Corp or generate 0.0% return on investment in Ares International over 30 days. Ares International is related to or competes with Novatek Microelectronics, MediaTek, Quanta Computer, and United Microelectronics. Ares International Corp. provides IT products and professional services primarily for financial institutions, government... More
Ares International 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 Ares International'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 Ares International Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.65 |
Ares International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ares International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ares International's standard deviation. In reality, there are many statistical measures that can use Ares International historical prices to predict the future Ares International's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 3.08 |
Ares International Corp Backtested Returns
Ares International Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Ares International Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ares International's risk adjusted performance of (0.09), and Mean Deviation of 0.7853 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.042, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ares International are expected to decrease at a much lower rate. During the bear market, Ares International is likely to outperform the market. At this point, Ares International Corp has a negative expected return of -0.13%. Please make sure to confirm Ares International's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ares International Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Ares International Corp has good predictability. Overlapping area represents the amount of predictability between Ares International time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Ares International Corp price movement. The serial correlation of 0.73 indicates that around 73.0% of current Ares International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Ares International Corp lagged returns against current returns
Autocorrelation, which is Ares International 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 Ares International's stock expected returns. We can calculate the autocorrelation of Ares International returns to help us make a trade decision. For example, suppose you find that Ares International 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 |
Ares International 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 Ares International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ares International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ares International stock over time.
Current vs Lagged Prices |
| Timeline |
Ares International Lagged Returns
When evaluating Ares International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ares International stock have on its future price. Ares International 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, Ares International autocorrelation shows the relationship between Ares International stock current value and its past values and can show if there is a momentum factor associated with investing in Ares International 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 Ares Stock Analysis
When running Ares International's price analysis, check to measure Ares International'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 Ares International is operating at the current time. Most of Ares International's value examination focuses on studying past and present price action to predict the probability of Ares International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ares International's price. Additionally, you may evaluate how the addition of Ares International to your portfolios can decrease your overall portfolio volatility.