Forcecon Technology (Taiwan) Market Value
| 3483 Stock | TWD 149.50 0.50 0.34% |
| Symbol | Forcecon |
Forcecon 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 Forcecon 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 Forcecon Technology.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Forcecon Technology on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Forcecon Technology Co or generate 0.0% return on investment in Forcecon Technology over 90 days. Forcecon Technology is related to or competes with Auras Technology, TUL, and Space Shuttle. Forcecon Technology Co., Ltd. engages in the research, development, production, and sale of thermal management products ... More
Forcecon 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 Forcecon 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 Forcecon Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.12 |
Forcecon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forcecon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forcecon Technology's standard deviation. In reality, there are many statistical measures that can use Forcecon Technology historical prices to predict the future Forcecon Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.50) |
Forcecon Technology Backtested Returns
Forcecon Technology secures Sharpe Ratio (or Efficiency) of -0.0664, which denotes the company had a -0.0664% return per unit of risk over the last 3 months. Forcecon Technology Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forcecon Technology's Standard Deviation of 2.29, variance of 5.24, and Mean Deviation of 1.66 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, Forcecon Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Forcecon Technology is expected to be smaller as well. At this point, Forcecon Technology has a negative expected return of -0.15%. Please make sure to confirm Forcecon Technology's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Forcecon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Forcecon Technology Co has good reverse predictability. Overlapping area represents the amount of predictability between Forcecon Technology time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Forcecon Technology price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Forcecon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 57.26 |
Forcecon Technology lagged returns against current returns
Autocorrelation, which is Forcecon 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 Forcecon Technology's stock expected returns. We can calculate the autocorrelation of Forcecon Technology returns to help us make a trade decision. For example, suppose you find that Forcecon 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 |
Forcecon 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 Forcecon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forcecon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forcecon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Forcecon Technology Lagged Returns
When evaluating Forcecon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forcecon Technology stock have on its future price. Forcecon 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, Forcecon Technology autocorrelation shows the relationship between Forcecon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Forcecon Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Forcecon 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 Forcecon 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 Forcecon Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Forcecon Stock
Moving against Forcecon Stock
| 0.71 | 6510 | Chunghwa Precision Test | PairCorr |
| 0.62 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.53 | 6150 | TUL Corporation | PairCorr |
| 0.51 | 6669 | Wiwynn Corp | PairCorr |
| 0.45 | 2357 | Asustek Computer | PairCorr |
The ability to find closely correlated positions to Forcecon 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 Forcecon 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 Forcecon 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 Forcecon Technology Co to buy it.
The correlation of Forcecon 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 Forcecon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forcecon 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 Forcecon 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 Forcecon Stock Analysis
When running Forcecon Technology's price analysis, check to measure Forcecon 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 Forcecon Technology is operating at the current time. Most of Forcecon Technology's value examination focuses on studying past and present price action to predict the probability of Forcecon 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 Forcecon Technology's price. Additionally, you may evaluate how the addition of Forcecon Technology to your portfolios can decrease your overall portfolio volatility.