Ablerex Electronics (Taiwan) Market Value
| 3628 Stock | TWD 48.50 0.20 0.41% |
| Symbol | Ablerex |
Ablerex Electronics '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 Ablerex Electronics' 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 Ablerex Electronics.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Ablerex Electronics on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Ablerex Electronics Co or generate 0.0% return on investment in Ablerex Electronics over 720 days. Ablerex Electronics is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. Ablerex Electronics Co., Ltd. manufactures and sells uninterruptible power supplies and power quality devices for use in... More
Ablerex Electronics 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 Ablerex Electronics' 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 Ablerex Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7853 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.12 |
Ablerex Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ablerex Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ablerex Electronics' standard deviation. In reality, there are many statistical measures that can use Ablerex Electronics historical prices to predict the future Ablerex Electronics' volatility.| Risk Adjusted Performance | 0.0911 | |||
| Jensen Alpha | 0.1783 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0662 | |||
| Treynor Ratio | (3.81) |
Ablerex Electronics Backtested Returns
At this stage we consider Ablerex Stock to be very steady. Ablerex Electronics secures Sharpe Ratio (or Efficiency) of 0.093, which signifies that the company had a 0.093% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ablerex Electronics Co, which you can use to evaluate the volatility of the firm. Please confirm Ablerex Electronics' Mean Deviation of 0.7828, downside deviation of 0.7853, and Risk Adjusted Performance of 0.0911 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Ablerex Electronics has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0454, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ablerex Electronics are expected to decrease at a much lower rate. During the bear market, Ablerex Electronics is likely to outperform the market. Ablerex Electronics right now shows a risk of 1.67%. Please confirm Ablerex Electronics semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Ablerex Electronics will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Ablerex Electronics Co has good predictability. Overlapping area represents the amount of predictability between Ablerex Electronics time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Ablerex Electronics price movement. The serial correlation of 0.71 indicates that around 71.0% of current Ablerex Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 9.06 |
Ablerex Electronics lagged returns against current returns
Autocorrelation, which is Ablerex Electronics 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 Ablerex Electronics' stock expected returns. We can calculate the autocorrelation of Ablerex Electronics returns to help us make a trade decision. For example, suppose you find that Ablerex Electronics 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 |
Ablerex Electronics 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 Ablerex Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ablerex Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ablerex Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Ablerex Electronics Lagged Returns
When evaluating Ablerex Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ablerex Electronics stock have on its future price. Ablerex Electronics 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, Ablerex Electronics autocorrelation shows the relationship between Ablerex Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Ablerex Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Ablerex Electronics
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 Ablerex Electronics 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 Ablerex Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against Ablerex Stock
The ability to find closely correlated positions to Ablerex Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ablerex Electronics 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 Ablerex Electronics - 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 Ablerex Electronics Co to buy it.
The correlation of Ablerex Electronics 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 Ablerex Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ablerex Electronics 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 Ablerex Electronics 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 Ablerex Stock Analysis
When running Ablerex Electronics' price analysis, check to measure Ablerex Electronics' 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 Ablerex Electronics is operating at the current time. Most of Ablerex Electronics' value examination focuses on studying past and present price action to predict the probability of Ablerex Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ablerex Electronics' price. Additionally, you may evaluate how the addition of Ablerex Electronics to your portfolios can decrease your overall portfolio volatility.