Action Electronics (Taiwan) Market Value
| 3024 Stock | TWD 20.85 1.10 5.57% |
| Symbol | Action |
Action Electronics '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 Action Electronics' 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 Action Electronics.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Action Electronics on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Action Electronics Co or generate 0.0% return on investment in Action Electronics over 270 days. Action Electronics is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Action Electronics Co., Ltd., together with its subsidiaries, designs, manufactures, and markets consumer electronic pro... More
Action Electronics 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 Action Electronics' 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 Action Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.45 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 4.16 |
Action Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Action Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Action Electronics' standard deviation. In reality, there are many statistical measures that can use Action Electronics historical prices to predict the future Action Electronics' volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | 0.0087 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.4124 |
Action Electronics Backtested Returns
Action Electronics secures Sharpe Ratio (or Efficiency) of -0.0035, which signifies that the company had a -0.0035% return per unit of risk over the last 3 months. Action Electronics Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Action Electronics' Mean Deviation of 1.39, risk adjusted performance of 0.0149, and Downside Deviation of 1.87 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0307, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Action Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Action Electronics is expected to be smaller as well. At this point, Action Electronics has a negative expected return of -0.0068%. Please make sure to confirm Action Electronics' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Action Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Action Electronics Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Action Electronics time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Action Electronics price movement. The serial correlation of -0.74 indicates that around 74.0% of current Action Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.77 |
Action Electronics lagged returns against current returns
Autocorrelation, which is Action Electronics 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 Action Electronics' stock expected returns. We can calculate the autocorrelation of Action Electronics returns to help us make a trade decision. For example, suppose you find that Action Electronics 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 |
Action Electronics 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 Action Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Action Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Action Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Action Electronics Lagged Returns
When evaluating Action Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Action Electronics stock have on its future price. Action Electronics 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, Action Electronics autocorrelation shows the relationship between Action Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Action Electronics Co.
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 Action Stock Analysis
When running Action Electronics' price analysis, check to measure Action Electronics' 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 Action Electronics is operating at the current time. Most of Action Electronics' value examination focuses on studying past and present price action to predict the probability of Action Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Action Electronics' price. Additionally, you may evaluate how the addition of Action Electronics to your portfolios can decrease your overall portfolio volatility.