Advanced Analog (Taiwan) Market Value
| 3438 Stock | TWD 63.10 1.00 1.56% |
| Symbol | Advanced |
Advanced Analog '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 Analog'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 Analog.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Advanced Analog on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Advanced Analog Technology or generate 0.0% return on investment in Advanced Analog over 30 days. Advanced Analog is related to or competes with Tait Marketing, Shian Yih, C Media, Lelon Electronics, Trade Van, and Harmony Electronics. More
Advanced Analog 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 Analog'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 Analog Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.3 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 2.22 |
Advanced Analog Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Analog's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Analog's standard deviation. In reality, there are many statistical measures that can use Advanced Analog historical prices to predict the future Advanced Analog's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.2502 |
Advanced Analog Tech Backtested Returns
Advanced Analog Tech secures Sharpe Ratio (or Efficiency) of -0.037, which signifies that the company had a -0.037 % return per unit of risk over the last 3 months. Advanced Analog Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advanced Analog's Standard Deviation of 2.4, risk adjusted performance of (0.03), and Mean Deviation of 1.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Advanced Analog are expected to decrease at a much lower rate. During the bear market, Advanced Analog is likely to outperform the market. At this point, Advanced Analog Tech has a negative expected return of -0.0915%. Please make sure to confirm Advanced Analog's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Advanced Analog Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Advanced Analog Technology has modest predictability. Overlapping area represents the amount of predictability between Advanced Analog time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. 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 Analog Tech price movement. The serial correlation of 0.55 indicates that about 55.0% of current Advanced Analog price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Advanced Analog Tech lagged returns against current returns
Autocorrelation, which is Advanced Analog 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 Analog's stock expected returns. We can calculate the autocorrelation of Advanced Analog returns to help us make a trade decision. For example, suppose you find that Advanced Analog 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 Analog 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 Analog stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Analog stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Analog stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Analog Lagged Returns
When evaluating Advanced Analog's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Analog stock have on its future price. Advanced Analog 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 Analog autocorrelation shows the relationship between Advanced Analog stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Analog Technology.
Regressed Prices |
| Timeline |
Pair Trading with Advanced Analog
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 Analog 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 Analog will appreciate offsetting losses from the drop in the long position's value.Moving together with Advanced Stock
Moving against Advanced Stock
| 0.7 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.7 | 2454 | MediaTek | PairCorr |
| 0.61 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.6 | 2379 | Realtek Semiconductor | PairCorr |
| 0.59 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Advanced Analog 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 Analog 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 Analog - 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 Analog Technology to buy it.
The correlation of Advanced Analog 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 Analog moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Analog Tech 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 Analog 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 Analog's price analysis, check to measure Advanced Analog'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 Analog is operating at the current time. Most of Advanced Analog's value examination focuses on studying past and present price action to predict the probability of Advanced Analog'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 Analog's price. Additionally, you may evaluate how the addition of Advanced Analog to your portfolios can decrease your overall portfolio volatility.