Niko Semiconductor (Taiwan) Market Value
| 3317 Stock | TWD 49.50 1.30 2.56% |
| Symbol | Niko |
Niko Semiconductor '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 Niko Semiconductor'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 Niko Semiconductor.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Niko Semiconductor on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Niko Semiconductor Co or generate 0.0% return on investment in Niko Semiconductor over 30 days. Niko Semiconductor is related to or competes with Excelliance MOS, Sinopower Semiconductor, Advanced Power, Anpec Electronics, and Advanced Analog. Niko Semiconductor Co., Ltd., an IC design company, focuses on power management components and analog ICs in Taiwan More
Niko Semiconductor 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 Niko Semiconductor'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 Niko Semiconductor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.96 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.83 |
Niko Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Niko Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Niko Semiconductor's standard deviation. In reality, there are many statistical measures that can use Niko Semiconductor historical prices to predict the future Niko Semiconductor's volatility.| Risk Adjusted Performance | 0.0037 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.02) |
Niko Semiconductor Backtested Returns
Niko Semiconductor has Sharpe Ratio of -0.0026, which conveys that the firm had a -0.0026% return per unit of risk over the last 3 months. Niko Semiconductor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Niko Semiconductor's Risk Adjusted Performance of 0.0037, mean deviation of 1.2, and Standard Deviation of 1.7 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.89, which conveys possible diversification benefits within a given portfolio. Niko Semiconductor returns are very sensitive to returns on the market. As the market goes up or down, Niko Semiconductor is expected to follow. At this point, Niko Semiconductor has a negative expected return of -0.0045%. Please make sure to verify Niko Semiconductor's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Niko Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Niko Semiconductor Co has poor reverse predictability. Overlapping area represents the amount of predictability between Niko Semiconductor time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Niko Semiconductor price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Niko Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Niko Semiconductor lagged returns against current returns
Autocorrelation, which is Niko Semiconductor 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 Niko Semiconductor's stock expected returns. We can calculate the autocorrelation of Niko Semiconductor returns to help us make a trade decision. For example, suppose you find that Niko Semiconductor 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 |
Niko Semiconductor 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 Niko Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Niko Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Niko Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Niko Semiconductor Lagged Returns
When evaluating Niko Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Niko Semiconductor stock have on its future price. Niko Semiconductor 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, Niko Semiconductor autocorrelation shows the relationship between Niko Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Niko Semiconductor Co.
Regressed Prices |
| Timeline |
Pair Trading with Niko Semiconductor
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 Niko Semiconductor 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 Niko Semiconductor will appreciate offsetting losses from the drop in the long position's value.Moving against Niko Stock
The ability to find closely correlated positions to Niko Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Niko Semiconductor 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 Niko Semiconductor - 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 Niko Semiconductor Co to buy it.
The correlation of Niko Semiconductor 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 Niko Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Niko Semiconductor 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 Niko Semiconductor 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 Niko Stock Analysis
When running Niko Semiconductor's price analysis, check to measure Niko Semiconductor'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 Niko Semiconductor is operating at the current time. Most of Niko Semiconductor's value examination focuses on studying past and present price action to predict the probability of Niko Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Niko Semiconductor's price. Additionally, you may evaluate how the addition of Niko Semiconductor to your portfolios can decrease your overall portfolio volatility.