Spirox Corp (Taiwan) Market Value
| 3055 Stock | TWD 65.00 3.60 5.25% |
| Symbol | Spirox |
Spirox 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 Spirox 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 Spirox Corp.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Spirox Corp on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Spirox Corp or generate 0.0% return on investment in Spirox Corp over 30 days. Spirox Corp is related to or competes with Min Aik, Promise Technology, Chenming Mold, Altek Corp, and ALi Corp. Spirox Corporationration offer integrated solutions to the semiconductor, electronics manufacturing, telecom, and medical industries in Taiwan, China, and the United States. More
Spirox 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 Spirox 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 Spirox Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.05 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.94 |
Spirox Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirox Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirox Corp's standard deviation. In reality, there are many statistical measures that can use Spirox Corp historical prices to predict the future Spirox Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.19) |
Spirox Corp Backtested Returns
Spirox Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0559, which indicates the firm had a -0.0559% return per unit of risk over the last 3 months. Spirox Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spirox Corp's Coefficient Of Variation of (6,618), variance of 9.43, and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spirox Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spirox Corp is expected to be smaller as well. At this point, Spirox Corp has a negative expected return of -0.18%. Please make sure to validate Spirox Corp's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Spirox Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Spirox Corp has good predictability. Overlapping area represents the amount of predictability between Spirox Corp time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Spirox Corp price movement. The serial correlation of 0.72 indicates that around 72.0% of current Spirox Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
Spirox Corp lagged returns against current returns
Autocorrelation, which is Spirox 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 Spirox Corp's stock expected returns. We can calculate the autocorrelation of Spirox Corp returns to help us make a trade decision. For example, suppose you find that Spirox 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 |
Spirox 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 Spirox Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirox Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirox Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Spirox Corp Lagged Returns
When evaluating Spirox Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirox Corp stock have on its future price. Spirox 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, Spirox Corp autocorrelation shows the relationship between Spirox Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Spirox 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 Spirox Stock Analysis
When running Spirox Corp's price analysis, check to measure Spirox 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 Spirox Corp is operating at the current time. Most of Spirox Corp's value examination focuses on studying past and present price action to predict the probability of Spirox 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 Spirox Corp's price. Additionally, you may evaluate how the addition of Spirox Corp to your portfolios can decrease your overall portfolio volatility.