AOPEN (Taiwan) Market Value
| 3046 Stock | TWD 54.90 1.40 2.49% |
| Symbol | AOPEN |
AOPEN '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 AOPEN'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 AOPEN.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in AOPEN on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding AOPEN Inc or generate 0.0% return on investment in AOPEN over 570 days. AOPEN is related to or competes with Sitronix Technology, and Elan Microelectronics. Aopen Inc. manufactures and sells ultra-small computers and digital signage products for home and business applications ... More
AOPEN 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 AOPEN'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 AOPEN Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.66 |
AOPEN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AOPEN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AOPEN's standard deviation. In reality, there are many statistical measures that can use AOPEN historical prices to predict the future AOPEN's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 1.71 |
AOPEN Inc Backtested Returns
AOPEN Inc secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. AOPEN Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AOPEN's risk adjusted performance of (0.1), and Mean Deviation of 1.09 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 AOPEN are expected to decrease at a much lower rate. During the bear market, AOPEN is likely to outperform the market. At this point, AOPEN Inc has a negative expected return of -0.27%. Please make sure to confirm AOPEN's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if AOPEN Inc performance from the past will be repeated in the future.
Auto-correlation | 0.42 |
Average predictability
AOPEN Inc has average predictability. Overlapping area represents the amount of predictability between AOPEN time series from 8th of May 2023 to 17th of February 2024 and 17th of February 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 AOPEN Inc price movement. The serial correlation of 0.42 indicates that just about 42.0% of current AOPEN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 13.77 |
AOPEN Inc lagged returns against current returns
Autocorrelation, which is AOPEN 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 AOPEN's stock expected returns. We can calculate the autocorrelation of AOPEN returns to help us make a trade decision. For example, suppose you find that AOPEN 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 |
AOPEN 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 AOPEN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AOPEN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AOPEN stock over time.
Current vs Lagged Prices |
| Timeline |
AOPEN Lagged Returns
When evaluating AOPEN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AOPEN stock have on its future price. AOPEN 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, AOPEN autocorrelation shows the relationship between AOPEN stock current value and its past values and can show if there is a momentum factor associated with investing in AOPEN Inc.
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 AOPEN Stock Analysis
When running AOPEN's price analysis, check to measure AOPEN'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 AOPEN is operating at the current time. Most of AOPEN's value examination focuses on studying past and present price action to predict the probability of AOPEN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AOPEN's price. Additionally, you may evaluate how the addition of AOPEN to your portfolios can decrease your overall portfolio volatility.