EGalaxeMPIA Technology (Taiwan) Market Value

3556 Stock  TWD 45.80  0.70  1.51%   
EGalaxeMPIA Technology's market value is the price at which a share of EGalaxeMPIA Technology trades on a public exchange. It measures the collective expectations of eGalaxeMPIA Technology investors about its performance. EGalaxeMPIA Technology is selling for under 45.80 as of the 11th of December 2024; that is 1.51% down since the beginning of the trading day. The stock's lowest day price was 45.05.
With this module, you can estimate the performance of a buy and hold strategy of eGalaxeMPIA Technology and determine expected loss or profit from investing in EGalaxeMPIA Technology over a given investment horizon. Check out EGalaxeMPIA Technology Correlation, EGalaxeMPIA Technology Volatility and EGalaxeMPIA Technology Alpha and Beta module to complement your research on EGalaxeMPIA Technology.
Symbol

Please note, there is a significant difference between EGalaxeMPIA Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if EGalaxeMPIA Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EGalaxeMPIA Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

EGalaxeMPIA 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 EGalaxeMPIA 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 EGalaxeMPIA Technology.
0.00
07/20/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/11/2024
0.00
If you would invest  0.00  in EGalaxeMPIA Technology on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding eGalaxeMPIA Technology or generate 0.0% return on investment in EGalaxeMPIA Technology over 510 days. EGalaxeMPIA Technology is related to or competes with Chipbond Technology, Vanguard International, Macroblock, Holtek Semiconductor, and Genesyslogic. eGalaxeMPIA Technology Inc. provides touch panel solutions More

EGalaxeMPIA 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 EGalaxeMPIA 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 eGalaxeMPIA Technology upside and downside potential and time the market with a certain degree of confidence.

EGalaxeMPIA Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for EGalaxeMPIA Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EGalaxeMPIA Technology's standard deviation. In reality, there are many statistical measures that can use EGalaxeMPIA Technology historical prices to predict the future EGalaxeMPIA Technology's volatility.
Hype
Prediction
LowEstimatedHigh
44.9245.8046.68
Details
Intrinsic
Valuation
LowRealHigh
41.2246.9047.78
Details
Naive
Forecast
LowNextHigh
45.4146.2947.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
45.3747.5849.80
Details

eGalaxeMPIA Technology Backtested Returns

eGalaxeMPIA Technology secures Sharpe Ratio (or Efficiency) of -0.0656, which denotes the company had a -0.0656% return per unit of standard deviation over the last 3 months. eGalaxeMPIA Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EGalaxeMPIA Technology's Mean Deviation of 0.631, risk adjusted performance of (0.07), and Coefficient Of Variation of (1,060) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0475, which means not very significant fluctuations relative to the market. As returns on the market increase, EGalaxeMPIA Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding EGalaxeMPIA Technology is expected to be smaller as well. At this point, eGalaxeMPIA Technology has a negative expected return of -0.0583%. Please make sure to confirm EGalaxeMPIA Technology's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if eGalaxeMPIA Technology performance from the past will be repeated at future time.

Auto-correlation

    
  0.46  

Average predictability

eGalaxeMPIA Technology has average predictability. Overlapping area represents the amount of predictability between EGalaxeMPIA Technology time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 eGalaxeMPIA Technology price movement. The serial correlation of 0.46 indicates that about 46.0% of current EGalaxeMPIA Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.27
Residual Average0.0
Price Variance3.69

eGalaxeMPIA Technology lagged returns against current returns

Autocorrelation, which is EGalaxeMPIA 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 EGalaxeMPIA Technology's stock expected returns. We can calculate the autocorrelation of EGalaxeMPIA Technology returns to help us make a trade decision. For example, suppose you find that EGalaxeMPIA 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  

EGalaxeMPIA 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 EGalaxeMPIA Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EGalaxeMPIA Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EGalaxeMPIA Technology stock over time.
   Current vs Lagged Prices   
       Timeline  

EGalaxeMPIA Technology Lagged Returns

When evaluating EGalaxeMPIA Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EGalaxeMPIA Technology stock have on its future price. EGalaxeMPIA 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, EGalaxeMPIA Technology autocorrelation shows the relationship between EGalaxeMPIA Technology stock current value and its past values and can show if there is a momentum factor associated with investing in eGalaxeMPIA Technology.
   Regressed Prices   
       Timeline  

Pair Trading with EGalaxeMPIA 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 EGalaxeMPIA 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 EGalaxeMPIA Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against EGalaxeMPIA Stock

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  0.352609 Yang Ming MarinePairCorr
  0.332603 Evergreen Marine CorpPairCorr
The ability to find closely correlated positions to EGalaxeMPIA 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 EGalaxeMPIA 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 EGalaxeMPIA 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 eGalaxeMPIA Technology to buy it.
The correlation of EGalaxeMPIA 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 EGalaxeMPIA Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eGalaxeMPIA 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 EGalaxeMPIA 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.
Pair CorrelationCorrelation Matching

Additional Tools for EGalaxeMPIA Stock Analysis

When running EGalaxeMPIA Technology's price analysis, check to measure EGalaxeMPIA 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 EGalaxeMPIA Technology is operating at the current time. Most of EGalaxeMPIA Technology's value examination focuses on studying past and present price action to predict the probability of EGalaxeMPIA 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 EGalaxeMPIA Technology's price. Additionally, you may evaluate how the addition of EGalaxeMPIA Technology to your portfolios can decrease your overall portfolio volatility.