Intai Technology (Taiwan) Market Value
| 4163 Stock | TWD 114.50 1.50 1.33% |
| Symbol | Intai |
Intai 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 Intai 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 Intai Technology.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Intai Technology on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Intai Technology or generate 0.0% return on investment in Intai Technology over 210 days. Intai Technology is related to or competes with San Shing, QST International, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. More
Intai 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 Intai 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 Intai Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 3.9 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.33 |
Intai Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intai Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intai Technology's standard deviation. In reality, there are many statistical measures that can use Intai Technology historical prices to predict the future Intai Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.32) |
Intai Technology Backtested Returns
Intai Technology holds Efficiency (Sharpe) Ratio of -0.058, which attests that the entity had a -0.058% return per unit of risk over the last 3 months. Intai Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Intai Technology's Market Risk Adjusted Performance of (1.31), standard deviation of 0.7784, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0639, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intai Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intai Technology is expected to be smaller as well. At this point, Intai Technology has a negative expected return of -0.0448%. Please make sure to check out Intai Technology's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Intai Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Intai Technology has good reverse predictability. Overlapping area represents the amount of predictability between Intai Technology time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Intai Technology price movement. The serial correlation of -0.53 indicates that about 53.0% of current Intai Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 5.74 |
Intai Technology lagged returns against current returns
Autocorrelation, which is Intai 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 Intai Technology's stock expected returns. We can calculate the autocorrelation of Intai Technology returns to help us make a trade decision. For example, suppose you find that Intai 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 |
Intai 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 Intai Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intai Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intai Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Intai Technology Lagged Returns
When evaluating Intai Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intai Technology stock have on its future price. Intai 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, Intai Technology autocorrelation shows the relationship between Intai Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Intai Technology.
Regressed Prices |
| Timeline |
Pair Trading with Intai 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 Intai 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 Intai Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Intai Stock
| 0.59 | 4571 | Khgears International | PairCorr |
| 0.59 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.59 | 2615 | Wan Hai Lines | PairCorr |
| 0.55 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.52 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Intai 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 Intai 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 Intai 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 Intai Technology to buy it.
The correlation of Intai 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 Intai Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intai 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 Intai 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 Intai Stock Analysis
When running Intai Technology's price analysis, check to measure Intai 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 Intai Technology is operating at the current time. Most of Intai Technology's value examination focuses on studying past and present price action to predict the probability of Intai 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 Intai Technology's price. Additionally, you may evaluate how the addition of Intai Technology to your portfolios can decrease your overall portfolio volatility.