Ingentec (Taiwan) Market Value
| 4768 Stock | TWD 201.50 4.50 2.18% |
| Symbol | Ingentec |
Ingentec '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 Ingentec'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 Ingentec.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Ingentec on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Ingentec or generate 0.0% return on investment in Ingentec over 720 days. Ingentec is related to or competes with Arbor Technology, United Radiant, WINSON Machinery, New Asia, Zhen Ding, Avalue Technology, and Microelectronics. Ingentec Corporation, together with its subsidiaries, engages in research, development, manufacture, and marketing of ad... More
Ingentec 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 Ingentec'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 Ingentec upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.64 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 5.78 |
Ingentec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ingentec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ingentec's standard deviation. In reality, there are many statistical measures that can use Ingentec historical prices to predict the future Ingentec's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0662 |
Ingentec Backtested Returns
Ingentec holds Efficiency (Sharpe) Ratio of -0.0547, which attests that the entity had a -0.0547% return per unit of risk over the last 3 months. Ingentec exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ingentec's Risk Adjusted Performance of 0.0164, market risk adjusted performance of 0.0762, and Downside Deviation of 2.67 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ingentec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ingentec is expected to be smaller as well. At this point, Ingentec has a negative expected return of -0.15%. Please make sure to check out Ingentec's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Ingentec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Ingentec has below average predictability. Overlapping area represents the amount of predictability between Ingentec time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Ingentec price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Ingentec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 514.66 |
Ingentec lagged returns against current returns
Autocorrelation, which is Ingentec 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 Ingentec's stock expected returns. We can calculate the autocorrelation of Ingentec returns to help us make a trade decision. For example, suppose you find that Ingentec 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 |
Ingentec 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 Ingentec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ingentec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ingentec stock over time.
Current vs Lagged Prices |
| Timeline |
Ingentec Lagged Returns
When evaluating Ingentec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ingentec stock have on its future price. Ingentec 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, Ingentec autocorrelation shows the relationship between Ingentec stock current value and its past values and can show if there is a momentum factor associated with investing in Ingentec.
Regressed Prices |
| Timeline |
Pair Trading with Ingentec
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 Ingentec 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 Ingentec will appreciate offsetting losses from the drop in the long position's value.Moving together with Ingentec Stock
Moving against Ingentec Stock
| 0.47 | 2881A | Fubon Financial Holding | PairCorr |
| 0.43 | 2504 | Goldsun Building Mat | PairCorr |
| 0.41 | 2891B | CTBC Financial Holding | PairCorr |
The ability to find closely correlated positions to Ingentec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ingentec 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 Ingentec - 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 Ingentec to buy it.
The correlation of Ingentec 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 Ingentec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ingentec 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 Ingentec 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 Ingentec Stock Analysis
When running Ingentec's price analysis, check to measure Ingentec'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 Ingentec is operating at the current time. Most of Ingentec's value examination focuses on studying past and present price action to predict the probability of Ingentec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ingentec's price. Additionally, you may evaluate how the addition of Ingentec to your portfolios can decrease your overall portfolio volatility.