Favite (Taiwan) Market Value
| 3535 Stock | TWD 51.80 0.10 0.19% |
| Symbol | Favite |
Favite '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 Favite'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 Favite.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Favite on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Favite Inc or generate 0.0% return on investment in Favite over 180 days. Favite is related to or competes with Clevo, and Inventec Corp. Favite Inc. engages in the research, development, and manufacture of automatic optical detection and testing equipment More
Favite 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 Favite'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 Favite Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.47 |
Favite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Favite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Favite's standard deviation. In reality, there are many statistical measures that can use Favite historical prices to predict the future Favite's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (20.79) |
Favite Inc Backtested Returns
Favite Inc secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Favite Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Favite's Mean Deviation of 2.71, standard deviation of 3.62, and Variance of 13.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0223, which means not very significant fluctuations relative to the market. As returns on the market increase, Favite's returns are expected to increase less than the market. However, during the bear market, the loss of holding Favite is expected to be smaller as well. At this point, Favite Inc has a negative expected return of -0.55%. Please make sure to confirm Favite's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Favite Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Favite Inc has excellent reverse predictability. Overlapping area represents the amount of predictability between Favite time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Favite Inc price movement. The serial correlation of -0.81 indicates that around 81.0% of current Favite price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 49.0 |
Favite Inc lagged returns against current returns
Autocorrelation, which is Favite 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 Favite's stock expected returns. We can calculate the autocorrelation of Favite returns to help us make a trade decision. For example, suppose you find that Favite 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 |
Favite 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 Favite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Favite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Favite stock over time.
Current vs Lagged Prices |
| Timeline |
Favite Lagged Returns
When evaluating Favite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Favite stock have on its future price. Favite 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, Favite autocorrelation shows the relationship between Favite stock current value and its past values and can show if there is a momentum factor associated with investing in Favite Inc.
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 Favite Stock Analysis
When running Favite's price analysis, check to measure Favite'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 Favite is operating at the current time. Most of Favite's value examination focuses on studying past and present price action to predict the probability of Favite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Favite's price. Additionally, you may evaluate how the addition of Favite to your portfolios can decrease your overall portfolio volatility.