Avalue Technology (Taiwan) Market Value
| 3479 Stock | TWD 100.50 4.90 5.13% |
| Symbol | Avalue |
Avalue Technology '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 Avalue Technology'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 Avalue Technology.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Avalue Technology on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Avalue Technology or generate 0.0% return on investment in Avalue Technology over 720 days. Avalue Technology is related to or competes with Quanta Computer, Wiwynn Corp, Getac Technology, IEI Integration, and Elitegroup Computer. More
Avalue Technology 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 Avalue Technology'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 Avalue Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.97 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 2.27 |
Avalue Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avalue Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avalue Technology's standard deviation. In reality, there are many statistical measures that can use Avalue Technology historical prices to predict the future Avalue Technology's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.24) |
Avalue Technology Backtested Returns
Avalue Technology secures Sharpe Ratio (or Efficiency) of -0.0211, which signifies that the company had a -0.0211% return per unit of standard deviation over the last 3 months. Avalue Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avalue Technology's risk adjusted performance of (0.01), and Mean Deviation of 1.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avalue Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avalue Technology is expected to be smaller as well. At this point, Avalue Technology has a negative expected return of -0.0378%. Please make sure to confirm Avalue Technology's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Avalue Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Avalue Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Avalue Technology time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Avalue Technology price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Avalue Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 58.47 |
Avalue Technology lagged returns against current returns
Autocorrelation, which is Avalue Technology 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 Avalue Technology's stock expected returns. We can calculate the autocorrelation of Avalue Technology returns to help us make a trade decision. For example, suppose you find that Avalue Technology 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 |
Avalue Technology 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 Avalue Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avalue Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avalue Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Avalue Technology Lagged Returns
When evaluating Avalue Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avalue Technology stock have on its future price. Avalue Technology 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, Avalue Technology autocorrelation shows the relationship between Avalue Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Avalue Technology.
Regressed Prices |
| Timeline |
Pair Trading with Avalue Technology
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 Avalue Technology 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 Avalue Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Avalue Stock
Moving against Avalue Stock
| 0.82 | 6669 | Wiwynn Corp | PairCorr |
| 0.78 | 3552 | Tung Thih Electronic | PairCorr |
| 0.76 | 2382 | Quanta Computer | PairCorr |
| 0.69 | 6763 | Green World Fintech Split | PairCorr |
| 0.69 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Avalue Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avalue Technology 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 Avalue Technology - 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 Avalue Technology to buy it.
The correlation of Avalue Technology 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 Avalue Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avalue Technology 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 Avalue Technology 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 Avalue Stock Analysis
When running Avalue Technology's price analysis, check to measure Avalue Technology'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 Avalue Technology is operating at the current time. Most of Avalue Technology's value examination focuses on studying past and present price action to predict the probability of Avalue Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avalue Technology's price. Additionally, you may evaluate how the addition of Avalue Technology to your portfolios can decrease your overall portfolio volatility.