Foxsemicon Integrated (Taiwan) Market Value
| 3413 Stock | TWD 315.00 5.00 1.56% |
| Symbol | Foxsemicon |
Foxsemicon Integrated '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 Foxsemicon Integrated'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 Foxsemicon Integrated.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Foxsemicon Integrated on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Foxsemicon Integrated Technology or generate 0.0% return on investment in Foxsemicon Integrated over 30 days. Foxsemicon Integrated is related to or competes with Global Unichip, Asmedia Technology, Unimicron Technology, and Novatek Microelectronics. Foxsemicon Integrated Technology Inc. provides design and contract manufacturing services for semiconductor and TFT-LCD ... More
Foxsemicon Integrated 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 Foxsemicon Integrated'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 Foxsemicon Integrated Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 4.18 |
Foxsemicon Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foxsemicon Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foxsemicon Integrated's standard deviation. In reality, there are many statistical measures that can use Foxsemicon Integrated historical prices to predict the future Foxsemicon Integrated's volatility.| Risk Adjusted Performance | (0.0007) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.07) |
Foxsemicon Integrated Backtested Returns
Foxsemicon Integrated secures Sharpe Ratio (or Efficiency) of -0.0584, which denotes the company had a -0.0584% return per unit of risk over the last 3 months. Foxsemicon Integrated Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Foxsemicon Integrated's Standard Deviation of 2.68, variance of 7.18, and Mean Deviation of 1.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Foxsemicon Integrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foxsemicon Integrated is expected to be smaller as well. At this point, Foxsemicon Integrated has a negative expected return of -0.16%. Please make sure to confirm Foxsemicon Integrated's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Foxsemicon Integrated performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Foxsemicon Integrated Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Foxsemicon Integrated 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 Foxsemicon Integrated price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Foxsemicon Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 20.79 |
Foxsemicon Integrated lagged returns against current returns
Autocorrelation, which is Foxsemicon Integrated 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 Foxsemicon Integrated's stock expected returns. We can calculate the autocorrelation of Foxsemicon Integrated returns to help us make a trade decision. For example, suppose you find that Foxsemicon Integrated 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 |
Foxsemicon Integrated 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 Foxsemicon Integrated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foxsemicon Integrated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foxsemicon Integrated stock over time.
Current vs Lagged Prices |
| Timeline |
Foxsemicon Integrated Lagged Returns
When evaluating Foxsemicon Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foxsemicon Integrated stock have on its future price. Foxsemicon Integrated 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, Foxsemicon Integrated autocorrelation shows the relationship between Foxsemicon Integrated stock current value and its past values and can show if there is a momentum factor associated with investing in Foxsemicon Integrated Technology.
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 Foxsemicon Stock Analysis
When running Foxsemicon Integrated's price analysis, check to measure Foxsemicon Integrated'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 Foxsemicon Integrated is operating at the current time. Most of Foxsemicon Integrated's value examination focuses on studying past and present price action to predict the probability of Foxsemicon Integrated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foxsemicon Integrated's price. Additionally, you may evaluate how the addition of Foxsemicon Integrated to your portfolios can decrease your overall portfolio volatility.