Advanced Ceramic (Taiwan) Market Value
| 3152 Stock | TWD 169.50 2.50 1.45% |
| Symbol | Advanced |
Advanced Ceramic '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 Advanced Ceramic'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 Advanced Ceramic.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Advanced Ceramic on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Advanced Ceramic X or generate 0.0% return on investment in Advanced Ceramic over 30 days. Advanced Ceramic is related to or competes with Accton Technology, Wistron NeWeb, Arcadyan Technology, Sercomm Corp, Alpha Networks, and Gemtek Technology. Advanced Ceramic X Corporation designs, manufactures, and sells RF front-end devices and modules for wireless communicat... More
Advanced Ceramic 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 Advanced Ceramic'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 Advanced Ceramic X upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 4.35 |
Advanced Ceramic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Ceramic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Ceramic's standard deviation. In reality, there are many statistical measures that can use Advanced Ceramic historical prices to predict the future Advanced Ceramic's volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1169 |
Advanced Ceramic X Backtested Returns
At this stage we consider Advanced Stock to be very steady. Advanced Ceramic X secures Sharpe Ratio (or Efficiency) of 0.0105, which signifies that the company had a 0.0105% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Advanced Ceramic X, which you can use to evaluate the volatility of the firm. Please confirm Advanced Ceramic's Mean Deviation of 1.78, downside deviation of 2.08, and Risk Adjusted Performance of 0.0216 to double-check if the risk estimate we provide is consistent with the expected return of 0.0266%. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Advanced Ceramic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Advanced Ceramic is expected to be smaller as well. Advanced Ceramic X right now shows a risk of 2.54%. Please confirm Advanced Ceramic X sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Advanced Ceramic X will be following its price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
Advanced Ceramic X has modest reverse predictability. Overlapping area represents the amount of predictability between Advanced Ceramic 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 Advanced Ceramic X price movement. The serial correlation of -0.47 indicates that about 47.0% of current Advanced Ceramic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 17.37 |
Advanced Ceramic X lagged returns against current returns
Autocorrelation, which is Advanced Ceramic 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 Advanced Ceramic's stock expected returns. We can calculate the autocorrelation of Advanced Ceramic returns to help us make a trade decision. For example, suppose you find that Advanced Ceramic 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 |
Advanced Ceramic 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 Advanced Ceramic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Ceramic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Ceramic stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Ceramic Lagged Returns
When evaluating Advanced Ceramic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Ceramic stock have on its future price. Advanced Ceramic 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, Advanced Ceramic autocorrelation shows the relationship between Advanced Ceramic stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Ceramic X.
Regressed Prices |
| Timeline |
Pair Trading with Advanced Ceramic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Advanced Ceramic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Advanced Ceramic will appreciate offsetting losses from the drop in the long position's value.Moving against Advanced Stock
The ability to find closely correlated positions to Advanced Ceramic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Ceramic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advanced Ceramic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advanced Ceramic X to buy it.
The correlation of Advanced Ceramic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advanced Ceramic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Ceramic X moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Advanced Ceramic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Advanced Stock Analysis
When running Advanced Ceramic's price analysis, check to measure Advanced Ceramic'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 Advanced Ceramic is operating at the current time. Most of Advanced Ceramic's value examination focuses on studying past and present price action to predict the probability of Advanced Ceramic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Ceramic's price. Additionally, you may evaluate how the addition of Advanced Ceramic to your portfolios can decrease your overall portfolio volatility.