Mildef Crete (Taiwan) Market Value
| 3213 Stock | TWD 87.50 2.10 2.46% |
| Symbol | Mildef |
Mildef Crete '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 Mildef Crete'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 Mildef Crete.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in Mildef Crete on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding Mildef Crete or generate 0.0% return on investment in Mildef Crete over 570 days. Mildef Crete is related to or competes with Standard Foods, Dadi Early, EnTie Commercial, Fubon Financial, APEX International, Cathay Financial, and CHINA DEVELOPMENT. Mildef Crete Inc. develops, manufactures, and sells computer systems worldwide More
Mildef Crete 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 Mildef Crete'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 Mildef Crete upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.29 |
Mildef Crete Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mildef Crete's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mildef Crete's standard deviation. In reality, there are many statistical measures that can use Mildef Crete historical prices to predict the future Mildef Crete's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.997 |
Mildef Crete Backtested Returns
Mildef Crete has Sharpe Ratio of -0.0458, which conveys that the firm had a -0.0458% return per unit of risk over the last 3 months. Mildef Crete exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mildef Crete's Standard Deviation of 1.84, mean deviation of 1.25, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mildef Crete are expected to decrease at a much lower rate. During the bear market, Mildef Crete is likely to outperform the market. At this point, Mildef Crete has a negative expected return of -0.0862%. Please make sure to verify Mildef Crete's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Mildef Crete performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Mildef Crete has modest predictability. Overlapping area represents the amount of predictability between Mildef Crete time series from 5th of May 2023 to 14th of February 2024 and 14th of February 2024 to 25th 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 Mildef Crete price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mildef Crete price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 62.16 |
Mildef Crete lagged returns against current returns
Autocorrelation, which is Mildef Crete 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 Mildef Crete's stock expected returns. We can calculate the autocorrelation of Mildef Crete returns to help us make a trade decision. For example, suppose you find that Mildef Crete 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 |
Mildef Crete 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 Mildef Crete stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mildef Crete stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mildef Crete stock over time.
Current vs Lagged Prices |
| Timeline |
Mildef Crete Lagged Returns
When evaluating Mildef Crete's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mildef Crete stock have on its future price. Mildef Crete 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, Mildef Crete autocorrelation shows the relationship between Mildef Crete stock current value and its past values and can show if there is a momentum factor associated with investing in Mildef Crete.
Regressed Prices |
| Timeline |
Pair Trading with Mildef Crete
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 Mildef Crete 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 Mildef Crete will appreciate offsetting losses from the drop in the long position's value.Moving against Mildef Stock
| 0.73 | 2356 | Inventec Corp | PairCorr |
| 0.73 | 2354 | Foxconn Technology | PairCorr |
| 0.7 | 2324 | Compal Electronics | PairCorr |
| 0.69 | 3231 | Wistron Corp | PairCorr |
| 0.68 | 2881A | Fubon Financial Holding | PairCorr |
The ability to find closely correlated positions to Mildef Crete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mildef Crete 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 Mildef Crete - 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 Mildef Crete to buy it.
The correlation of Mildef Crete 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 Mildef Crete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mildef Crete 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 Mildef Crete 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 Mildef Stock Analysis
When running Mildef Crete's price analysis, check to measure Mildef Crete'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 Mildef Crete is operating at the current time. Most of Mildef Crete's value examination focuses on studying past and present price action to predict the probability of Mildef Crete's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mildef Crete's price. Additionally, you may evaluate how the addition of Mildef Crete to your portfolios can decrease your overall portfolio volatility.