Koge Micro (Taiwan) Market Value
| 4568 Stock | TWD 50.60 0.10 0.20% |
| Symbol | Koge |
Koge Micro '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 Koge Micro'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 Koge Micro.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Koge Micro on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Koge Micro Tech or generate 0.0% return on investment in Koge Micro over 60 days. Koge Micro is related to or competes with Chain Chon, Fu Burg, U Media, Elitegroup Computer, Quanta Computer, and Tex Ray. Koge Micro Tech Co., Ltd. designs, produces, and sells various precision pumps and valves worldwide More
Koge Micro 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 Koge Micro'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 Koge Micro Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.9294 |
Koge Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Koge Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Koge Micro's standard deviation. In reality, there are many statistical measures that can use Koge Micro historical prices to predict the future Koge Micro's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.37) |
Koge Micro Tech Backtested Returns
Koge Micro Tech has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Koge Micro exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Koge Micro's Standard Deviation of 0.7102, risk adjusted performance of (0.10), and Mean Deviation of 0.5 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0774, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Koge Micro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Koge Micro is expected to be smaller as well. At this point, Koge Micro Tech has a negative expected return of -0.12%. Please make sure to verify Koge Micro's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Koge Micro Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Koge Micro Tech has average predictability. Overlapping area represents the amount of predictability between Koge Micro time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Koge Micro Tech price movement. The serial correlation of 0.48 indicates that about 48.0% of current Koge Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Koge Micro Tech lagged returns against current returns
Autocorrelation, which is Koge Micro 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 Koge Micro's stock expected returns. We can calculate the autocorrelation of Koge Micro returns to help us make a trade decision. For example, suppose you find that Koge Micro 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 |
Koge Micro 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 Koge Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Koge Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Koge Micro stock over time.
Current vs Lagged Prices |
| Timeline |
Koge Micro Lagged Returns
When evaluating Koge Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Koge Micro stock have on its future price. Koge Micro 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, Koge Micro autocorrelation shows the relationship between Koge Micro stock current value and its past values and can show if there is a momentum factor associated with investing in Koge Micro Tech.
Regressed Prices |
| Timeline |
Pair Trading with Koge Micro
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 Koge Micro 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 Koge Micro will appreciate offsetting losses from the drop in the long position's value.Moving against Koge Stock
| 0.87 | 6613 | Nova Technology | PairCorr |
| 0.86 | 6438 | Symtek Automation Asia | PairCorr |
| 0.86 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.82 | 3211 | Dynapack International | PairCorr |
| 0.8 | 1432 | Trk Corp | PairCorr |
The ability to find closely correlated positions to Koge Micro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Koge Micro 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 Koge Micro - 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 Koge Micro Tech to buy it.
The correlation of Koge Micro 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 Koge Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Koge Micro Tech 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 Koge Micro 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 Koge Stock Analysis
When running Koge Micro's price analysis, check to measure Koge Micro'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 Koge Micro is operating at the current time. Most of Koge Micro's value examination focuses on studying past and present price action to predict the probability of Koge Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Koge Micro's price. Additionally, you may evaluate how the addition of Koge Micro to your portfolios can decrease your overall portfolio volatility.