Connection Technology (Taiwan) Market Value
| 3672 Stock | TWD 20.50 0.75 3.53% |
| Symbol | Connection |
Connection 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 Connection 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 Connection Technology.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Connection Technology on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Connection Technology Systems or generate 0.0% return on investment in Connection Technology over 30 days. Connection Technology is related to or competes with Genovate Biotechnology, Sunmax Biotechnology, Sports Gear, Transcend Information, Hannstar Display, Provision Information, and Information Technology. More
Connection 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 Connection 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 Connection Technology Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.37 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 8.84 |
Connection Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Connection Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Connection Technology's standard deviation. In reality, there are many statistical measures that can use Connection Technology historical prices to predict the future Connection Technology's volatility.| Risk Adjusted Performance | 0.0304 | |||
| Jensen Alpha | 0.1226 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.33) |
Connection Technology Backtested Returns
At this stage we consider Connection Stock to be not too volatile. Connection Technology secures Sharpe Ratio (or Efficiency) of 0.0396, which signifies that the company had a 0.0396% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Connection Technology Systems, which you can use to evaluate the volatility of the firm. Please confirm Connection Technology's Risk Adjusted Performance of 0.0304, downside deviation of 2.83, and Mean Deviation of 2.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Connection Technology has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Connection Technology are expected to decrease at a much lower rate. During the bear market, Connection Technology is likely to outperform the market. Connection Technology right now shows a risk of 3.47%. Please confirm Connection Technology downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Connection Technology will be following its price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Connection Technology Systems has insignificant reverse predictability. Overlapping area represents the amount of predictability between Connection Technology time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Connection Technology price movement. The serial correlation of -0.18 indicates that over 18.0% of current Connection Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Connection Technology lagged returns against current returns
Autocorrelation, which is Connection 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 Connection Technology's stock expected returns. We can calculate the autocorrelation of Connection Technology returns to help us make a trade decision. For example, suppose you find that Connection 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 |
Connection 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 Connection Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Connection Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Connection Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Connection Technology Lagged Returns
When evaluating Connection Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Connection Technology stock have on its future price. Connection 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, Connection Technology autocorrelation shows the relationship between Connection Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Connection Technology Systems.
Regressed Prices |
| Timeline |
Pair Trading with Connection 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 Connection 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 Connection Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Connection Stock
Moving against Connection Stock
The ability to find closely correlated positions to Connection 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 Connection 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 Connection 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 Connection Technology Systems to buy it.
The correlation of Connection 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 Connection Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connection 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 Connection 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 Connection Stock Analysis
When running Connection Technology's price analysis, check to measure Connection 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 Connection Technology is operating at the current time. Most of Connection Technology's value examination focuses on studying past and present price action to predict the probability of Connection 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 Connection Technology's price. Additionally, you may evaluate how the addition of Connection Technology to your portfolios can decrease your overall portfolio volatility.