ITE Tech (Taiwan) Market Value
| 3014 Stock | TWD 139.00 4.00 2.80% |
| Symbol | ITE |
ITE Tech '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 ITE Tech'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 ITE Tech.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ITE Tech on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding ITE Tech or generate 0.0% return on investment in ITE Tech over 60 days. ITE Tech is related to or competes with Sitronix Technology, and Elan Microelectronics. Inc, a professional fabless IC design company, provides IO, keyboard, and embedded controller technology products in Tai... More
ITE Tech 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 ITE Tech'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 ITE Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.05 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.6 |
ITE Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITE Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITE Tech's standard deviation. In reality, there are many statistical measures that can use ITE Tech historical prices to predict the future ITE Tech's volatility.| Risk Adjusted Performance | 0.0105 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0012 |
ITE Tech Backtested Returns
ITE Tech holds Efficiency (Sharpe) Ratio of -0.02, which attests that the entity had a -0.02% return per unit of return volatility over the last 3 months. ITE Tech exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ITE Tech's Semi Deviation of 1.95, market risk adjusted performance of 0.0112, and Risk Adjusted Performance of 0.0105 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.19, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ITE Tech will likely underperform. At this point, ITE Tech has a negative expected return of -0.0444%. Please make sure to check out ITE Tech's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if ITE Tech performance from the past will be repeated at future time.
Auto-correlation | -0.49 |
Modest reverse predictability
ITE Tech has modest reverse predictability. Overlapping area represents the amount of predictability between ITE Tech time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 ITE Tech price movement. The serial correlation of -0.49 indicates that about 49.0% of current ITE Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 28.11 |
ITE Tech lagged returns against current returns
Autocorrelation, which is ITE Tech 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 ITE Tech's stock expected returns. We can calculate the autocorrelation of ITE Tech returns to help us make a trade decision. For example, suppose you find that ITE Tech 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 |
ITE Tech 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 ITE Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITE Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITE Tech stock over time.
Current vs Lagged Prices |
| Timeline |
ITE Tech Lagged Returns
When evaluating ITE Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITE Tech stock have on its future price. ITE Tech 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, ITE Tech autocorrelation shows the relationship between ITE Tech stock current value and its past values and can show if there is a momentum factor associated with investing in ITE Tech.
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 ITE Stock Analysis
When running ITE Tech's price analysis, check to measure ITE Tech'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 ITE Tech is operating at the current time. Most of ITE Tech's value examination focuses on studying past and present price action to predict the probability of ITE Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITE Tech's price. Additionally, you may evaluate how the addition of ITE Tech to your portfolios can decrease your overall portfolio volatility.