Otsuka Information (Taiwan) Market Value
| 3570 Stock | TWD 166.00 1.00 0.61% |
| Symbol | Otsuka |
Otsuka Information '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 Otsuka Information'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 Otsuka Information.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Otsuka Information on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Otsuka Information Technology or generate 0.0% return on investment in Otsuka Information over 510 days. Otsuka Information is related to or competes with Ruentex Development, Symtek Automation, Leatec Fine, CTCI Corp, Information Technology, SYN Tech, and Giant Manufacturing. Otsuka Information Technology Corp. provides design, manufacture, marketing, and 3D application services to manufacturin... More
Otsuka Information 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 Otsuka Information'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 Otsuka Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 11.82 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.74 |
Otsuka Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otsuka Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otsuka Information's standard deviation. In reality, there are many statistical measures that can use Otsuka Information historical prices to predict the future Otsuka Information's volatility.| Risk Adjusted Performance | 0.0614 | |||
| Jensen Alpha | 0.1052 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0039 | |||
| Treynor Ratio | 0.7351 |
Otsuka Information Backtested Returns
At this stage we consider Otsuka Stock to be very steady. Otsuka Information maintains Sharpe Ratio (i.e., Efficiency) of 0.0589, which implies the firm had a 0.0589% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Otsuka Information, which you can use to evaluate the volatility of the company. Please check Otsuka Information's Semi Deviation of 1.25, risk adjusted performance of 0.0614, and Coefficient Of Variation of 1376.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Otsuka Information has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Otsuka Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Otsuka Information is expected to be smaller as well. Otsuka Information right now holds a risk of 1.91%. Please check Otsuka Information standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Otsuka Information will be following its historical price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Otsuka Information Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Otsuka Information time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Otsuka Information price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Otsuka Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 67.1 |
Otsuka Information lagged returns against current returns
Autocorrelation, which is Otsuka Information 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 Otsuka Information's stock expected returns. We can calculate the autocorrelation of Otsuka Information returns to help us make a trade decision. For example, suppose you find that Otsuka Information 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 |
Otsuka Information 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 Otsuka Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otsuka Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otsuka Information stock over time.
Current vs Lagged Prices |
| Timeline |
Otsuka Information Lagged Returns
When evaluating Otsuka Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otsuka Information stock have on its future price. Otsuka Information 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, Otsuka Information autocorrelation shows the relationship between Otsuka Information stock current value and its past values and can show if there is a momentum factor associated with investing in Otsuka Information Technology.
Regressed Prices |
| Timeline |
Pair Trading with Otsuka Information
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 Otsuka Information 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 Otsuka Information will appreciate offsetting losses from the drop in the long position's value.Moving against Otsuka Stock
| 0.67 | 3465 | New Advanced Electronics | PairCorr |
| 0.63 | 5263 | Brogent Technologies | PairCorr |
| 0.6 | 1435 | Chung Fu Tex | PairCorr |
| 0.55 | 3094 | Davicom Semiconductor | PairCorr |
| 0.53 | 1423 | Reward Wool Industry | PairCorr |
The ability to find closely correlated positions to Otsuka Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Otsuka Information 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 Otsuka Information - 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 Otsuka Information Technology to buy it.
The correlation of Otsuka Information 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 Otsuka Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Otsuka Information 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 Otsuka Information 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 Otsuka Stock Analysis
When running Otsuka Information's price analysis, check to measure Otsuka Information'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 Otsuka Information is operating at the current time. Most of Otsuka Information's value examination focuses on studying past and present price action to predict the probability of Otsuka Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otsuka Information's price. Additionally, you may evaluate how the addition of Otsuka Information to your portfolios can decrease your overall portfolio volatility.