ASE Industrial (Taiwan) Market Value
| 3711 Stock | 175.00 4.50 2.64% |
| Symbol | ASE |
ASE Industrial '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 ASE Industrial'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 ASE Industrial.
| 07/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in ASE Industrial on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding ASE Industrial Holding or generate 0.0% return on investment in ASE Industrial over 570 days. ASE Industrial is related to or competes with Delta Electronics, Novatek Microelectronics, United Microelectronics, LARGAN Precision, and MediaTek. More
ASE Industrial 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 ASE Industrial'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 ASE Industrial Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.1116 | |||
| Maximum Drawdown | 14.46 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.06 |
ASE Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASE Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASE Industrial's standard deviation. In reality, there are many statistical measures that can use ASE Industrial historical prices to predict the future ASE Industrial's volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | 0.2479 | |||
| Total Risk Alpha | 0.2449 | |||
| Sortino Ratio | 0.0968 | |||
| Treynor Ratio | 0.7026 |
ASE Industrial Holding Backtested Returns
ASE Industrial appears to be very steady, given 3 months investment horizon. ASE Industrial Holding secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for ASE Industrial Holding, which you can use to evaluate the volatility of the firm. Please makes use of ASE Industrial's Risk Adjusted Performance of 0.0894, downside deviation of 2.55, and Mean Deviation of 1.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASE Industrial holds a performance score of 8. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASE Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASE Industrial is expected to be smaller as well. Please check ASE Industrial's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether ASE Industrial's price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
ASE Industrial Holding has virtually no predictability. Overlapping area represents the amount of predictability between ASE Industrial time series from 28th of July 2023 to 8th of May 2024 and 8th of May 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ASE Industrial Holding price movement. The serial correlation of 0.02 indicates that only 2.0% of current ASE Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 85.87 |
ASE Industrial Holding lagged returns against current returns
Autocorrelation, which is ASE Industrial 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 ASE Industrial's stock expected returns. We can calculate the autocorrelation of ASE Industrial returns to help us make a trade decision. For example, suppose you find that ASE Industrial 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 |
ASE Industrial 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 ASE Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASE Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASE Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
ASE Industrial Lagged Returns
When evaluating ASE Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASE Industrial stock have on its future price. ASE Industrial 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, ASE Industrial autocorrelation shows the relationship between ASE Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in ASE Industrial Holding.
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 ASE Stock Analysis
When running ASE Industrial's price analysis, check to measure ASE Industrial'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 ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.