Asia Electronic (Taiwan) Market Value
| 4939 Stock | TWD 20.25 0.05 0.25% |
| Symbol | Asia |
Asia Electronic '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 Asia Electronic'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 Asia Electronic.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Asia Electronic on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Electronic Material or generate 0.0% return on investment in Asia Electronic over 360 days. Asia Electronic is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. More
Asia Electronic 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 Asia Electronic'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 Asia Electronic Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.43 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.21 |
Asia Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Electronic's standard deviation. In reality, there are many statistical measures that can use Asia Electronic historical prices to predict the future Asia Electronic's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.0396 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2197 |
Asia Electronic Material Backtested Returns
At this stage we consider Asia Stock to be very steady. Asia Electronic Material secures Sharpe Ratio (or Efficiency) of 0.0262, which signifies that the company had a 0.0262% return per unit of risk over the last 3 months. We have found thirty technical indicators for Asia Electronic Material, which you can use to evaluate the volatility of the firm. Please confirm Asia Electronic's Risk Adjusted Performance of 0.0394, downside deviation of 1.88, and Mean Deviation of 1.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.0607%. Asia Electronic has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asia Electronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Electronic is expected to be smaller as well. Asia Electronic Material right now shows a risk of 2.32%. Please confirm Asia Electronic Material downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Asia Electronic Material will be following its price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Asia Electronic Material has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Asia Electronic time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 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 Asia Electronic Material price movement. The serial correlation of -0.75 indicates that around 75.0% of current Asia Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Asia Electronic Material lagged returns against current returns
Autocorrelation, which is Asia Electronic 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 Asia Electronic's stock expected returns. We can calculate the autocorrelation of Asia Electronic returns to help us make a trade decision. For example, suppose you find that Asia Electronic 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 |
Asia Electronic 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 Asia Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Electronic Lagged Returns
When evaluating Asia Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Electronic stock have on its future price. Asia Electronic 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, Asia Electronic autocorrelation shows the relationship between Asia Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Electronic Material.
Regressed Prices |
| Timeline |
Pair Trading with Asia Electronic
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 Asia Electronic 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 Asia Electronic will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Asia Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Electronic 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 Asia Electronic - 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 Asia Electronic Material to buy it.
The correlation of Asia Electronic 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 Asia Electronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Electronic Material 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 Asia Electronic 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 Asia Stock Analysis
When running Asia Electronic's price analysis, check to measure Asia Electronic'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 Asia Electronic is operating at the current time. Most of Asia Electronic's value examination focuses on studying past and present price action to predict the probability of Asia Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Electronic's price. Additionally, you may evaluate how the addition of Asia Electronic to your portfolios can decrease your overall portfolio volatility.