Elite Advanced (Taiwan) Market Value
| 3450 Stock | TWD 254.00 5.00 1.93% |
| Symbol | Elite |
Elite Advanced '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 Elite Advanced'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 Elite Advanced.
| 12/22/2025 |
| 01/21/2026 |
If you would invest 0.00 in Elite Advanced on December 22, 2025 and sell it all today you would earn a total of 0.00 from holding Elite Advanced Laser or generate 0.0% return on investment in Elite Advanced over 30 days. Elite Advanced is related to or competes with Dynapack International, Chicony Power, Shin Zu, Allis Electric, Ta Ya, Century Wind, and Acbel Polytech. Elite Advanced Laser Corporation provides electronic manufacturing services in Taiwan More
Elite Advanced 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 Elite Advanced'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 Elite Advanced Laser upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.09 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 5.71 |
Elite Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elite Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elite Advanced's standard deviation. In reality, there are many statistical measures that can use Elite Advanced historical prices to predict the future Elite Advanced's volatility.| Risk Adjusted Performance | 0.0152 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.49) |
Elite Advanced Laser Backtested Returns
At this stage we consider Elite Stock to be very steady. Elite Advanced Laser secures Sharpe Ratio (or Efficiency) of 0.01, which denotes the company had a 0.01 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elite Advanced Laser, which you can use to evaluate the volatility of the firm. Please confirm Elite Advanced's Coefficient Of Variation of 10004.81, downside deviation of 3.36, and Mean Deviation of 2.57 to check if the risk estimate we provide is consistent with the expected return of 0.0337%. The firm shows a Beta (market volatility) of -0.0482, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elite Advanced are expected to decrease at a much lower rate. During the bear market, Elite Advanced is likely to outperform the market. Elite Advanced Laser right now shows a risk of 3.37%. Please confirm Elite Advanced Laser downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Elite Advanced Laser will be following its price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Elite Advanced Laser has weak reverse predictability. Overlapping area represents the amount of predictability between Elite Advanced time series from 22nd of December 2025 to 6th of January 2026 and 6th of January 2026 to 21st of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elite Advanced Laser price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Elite Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 26.11 |
Elite Advanced Laser lagged returns against current returns
Autocorrelation, which is Elite Advanced 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 Elite Advanced's stock expected returns. We can calculate the autocorrelation of Elite Advanced returns to help us make a trade decision. For example, suppose you find that Elite Advanced 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 |
Elite Advanced 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 Elite Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elite Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elite Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Elite Advanced Lagged Returns
When evaluating Elite Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elite Advanced stock have on its future price. Elite Advanced 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, Elite Advanced autocorrelation shows the relationship between Elite Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Elite Advanced Laser.
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 Elite Stock Analysis
When running Elite Advanced's price analysis, check to measure Elite Advanced'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 Elite Advanced is operating at the current time. Most of Elite Advanced's value examination focuses on studying past and present price action to predict the probability of Elite Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Advanced's price. Additionally, you may evaluate how the addition of Elite Advanced to your portfolios can decrease your overall portfolio volatility.