ALi Corp (Taiwan) Market Value
| 3041 Stock | TWD 27.45 0.50 1.86% |
| Symbol | ALi |
ALi 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 ALi 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 ALi Corp.
| 02/04/2024 |
| 11/30/2024 |
If you would invest 0.00 in ALi Corp on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding ALi Corp or generate 0.0% return on investment in ALi Corp over 300 days. ALi Corp is related to or competes with United Microelectronics, and Winbond Electronics. ALi Corporation develops and sells set-top box system-on-chips worldwide More
ALi 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 ALi 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 ALi Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0741 | |||
| Maximum Drawdown | 76.43 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 5.33 |
ALi Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALi Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALi Corp's standard deviation. In reality, there are many statistical measures that can use ALi Corp historical prices to predict the future ALi Corp's volatility.| Risk Adjusted Performance | 0.0777 | |||
| Jensen Alpha | 0.8628 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.1801 | |||
| Treynor Ratio | (1.21) |
ALi Corp Backtested Returns
ALi Corp appears to be somewhat reliable, given 3 months investment horizon. ALi Corp secures Sharpe Ratio (or Efficiency) of 0.0895, which signifies that the company had a 0.0895% return per unit of risk over the last 3 months. By examining ALi Corp's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please makes use of ALi Corp's Downside Deviation of 3.63, mean deviation of 3.2, and Risk Adjusted Performance of 0.0777 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ALi Corp holds a performance score of 7. The firm shows a Beta (market volatility) of -0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ALi Corp are expected to decrease at a much lower rate. During the bear market, ALi Corp is likely to outperform the market. Please check ALi Corp's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether ALi Corp's price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
ALi Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between ALi Corp time series from 4th of February 2024 to 3rd of July 2024 and 3rd 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 ALi Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current ALi Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 19.24 |
ALi Corp lagged returns against current returns
Autocorrelation, which is ALi 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 ALi Corp's stock expected returns. We can calculate the autocorrelation of ALi Corp returns to help us make a trade decision. For example, suppose you find that ALi 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 |
ALi 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 ALi Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALi Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALi Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ALi Corp Lagged Returns
When evaluating ALi Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALi Corp stock have on its future price. ALi 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, ALi Corp autocorrelation shows the relationship between ALi Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ALi 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 ALi Stock Analysis
When running ALi Corp's price analysis, check to measure ALi 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 ALi Corp is operating at the current time. Most of ALi Corp's value examination focuses on studying past and present price action to predict the probability of ALi 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 ALi Corp's price. Additionally, you may evaluate how the addition of ALi Corp to your portfolios can decrease your overall portfolio volatility.