Arich Enterprise (Taiwan) Market Value
| 4173 Stock | TWD 20.75 0.10 0.48% |
| Symbol | Arich |
Arich Enterprise '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 Arich Enterprise'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 Arich Enterprise.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Arich Enterprise on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Arich Enterprise Co or generate 0.0% return on investment in Arich Enterprise over 30 days. Arich Enterprise is related to or competes with AzureWave Technologies, Orient Semiconductor, Microelectronics, Vanguard International, Holtek Semiconductor, STL Technology, and Sunnic Technology. Arich Enterprise Co., Ltd. provides medical sales and promotion, and logistics services in Taiwan More
Arich Enterprise 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 Arich Enterprise'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 Arich Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.17 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.21 |
Arich Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arich Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arich Enterprise's standard deviation. In reality, there are many statistical measures that can use Arich Enterprise historical prices to predict the future Arich Enterprise's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.09) |
Arich Enterprise Backtested Returns
Arich Enterprise secures Sharpe Ratio (or Efficiency) of -0.0368, which signifies that the company had a -0.0368% return per unit of risk over the last 3 months. Arich Enterprise Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arich Enterprise's Standard Deviation of 0.6815, risk adjusted performance of (0.02), and Mean Deviation of 0.4738 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Arich Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Arich Enterprise is expected to be smaller as well. At this point, Arich Enterprise has a negative expected return of -0.0244%. Please make sure to confirm Arich Enterprise's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Arich Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Arich Enterprise Co has virtually no predictability. Overlapping area represents the amount of predictability between Arich Enterprise time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Arich Enterprise price movement. The serial correlation of 0.02 indicates that only 2.0% of current Arich Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Arich Enterprise lagged returns against current returns
Autocorrelation, which is Arich Enterprise 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 Arich Enterprise's stock expected returns. We can calculate the autocorrelation of Arich Enterprise returns to help us make a trade decision. For example, suppose you find that Arich Enterprise 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 |
Arich Enterprise 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 Arich Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arich Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arich Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Arich Enterprise Lagged Returns
When evaluating Arich Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arich Enterprise stock have on its future price. Arich Enterprise 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, Arich Enterprise autocorrelation shows the relationship between Arich Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Arich Enterprise Co.
Regressed Prices |
| Timeline |
Pair Trading with Arich Enterprise
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 Arich Enterprise 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 Arich Enterprise will appreciate offsetting losses from the drop in the long position's value.Moving against Arich Stock
| 0.71 | 2881A | Fubon Financial Holding | PairCorr |
| 0.64 | 2891B | CTBC Financial Holding | PairCorr |
| 0.6 | 2882B | Cathay Financial Holding | PairCorr |
| 0.55 | 2891 | CTBC Financial Holding | PairCorr |
| 0.48 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Arich Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arich Enterprise 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 Arich Enterprise - 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 Arich Enterprise Co to buy it.
The correlation of Arich Enterprise 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 Arich Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arich Enterprise 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 Arich Enterprise 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 Arich Stock Analysis
When running Arich Enterprise's price analysis, check to measure Arich Enterprise'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 Arich Enterprise is operating at the current time. Most of Arich Enterprise's value examination focuses on studying past and present price action to predict the probability of Arich Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arich Enterprise's price. Additionally, you may evaluate how the addition of Arich Enterprise to your portfolios can decrease your overall portfolio volatility.