Asmedia Technology (Taiwan) Market Value
| 5269 Stock | TWD 1,685 45.00 2.74% |
| Symbol | Asmedia |
Asmedia 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 Asmedia 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 Asmedia Technology.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Asmedia Technology on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Asmedia Technology or generate 0.0% return on investment in Asmedia Technology over 510 days. Asmedia Technology is related to or competes with Alchip Technologies, Aspeed Technology, Silergy Corp, Global Unichip, and Novatek Microelectronics. It offers high speed digital switches, USB 3.1 controllers, PCIE bridge controllers, and SATA controllers More
Asmedia 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 Asmedia 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 Asmedia Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.21 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 6.38 |
Asmedia Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asmedia Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asmedia Technology's standard deviation. In reality, there are many statistical measures that can use Asmedia Technology historical prices to predict the future Asmedia Technology's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.103 |
Asmedia Technology Backtested Returns
At this stage we consider Asmedia Stock to be very steady. Asmedia Technology secures Sharpe Ratio (or Efficiency) of 0.0055, which signifies that the company had a 0.0055% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asmedia Technology, which you can use to evaluate the volatility of the firm. Please confirm Asmedia Technology's Downside Deviation of 3.15, risk adjusted performance of 0.0286, and Mean Deviation of 2.47 to double-check if the risk estimate we provide is consistent with the expected return of 0.0187%. The firm shows a Beta (market volatility) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asmedia Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asmedia Technology is expected to be smaller as well. Asmedia Technology right now shows a risk of 3.38%. Please confirm Asmedia Technology downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Asmedia Technology will be following its price patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Asmedia Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Asmedia Technology time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Asmedia Technology price movement. The serial correlation of -0.68 indicates that around 68.0% of current Asmedia Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 74.5 K |
Asmedia Technology lagged returns against current returns
Autocorrelation, which is Asmedia 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 Asmedia Technology's stock expected returns. We can calculate the autocorrelation of Asmedia Technology returns to help us make a trade decision. For example, suppose you find that Asmedia 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 |
Asmedia 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 Asmedia Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asmedia Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asmedia Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Asmedia Technology Lagged Returns
When evaluating Asmedia Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asmedia Technology stock have on its future price. Asmedia 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, Asmedia Technology autocorrelation shows the relationship between Asmedia Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Asmedia Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Asmedia Stock Analysis
When running Asmedia Technology's price analysis, check to measure Asmedia 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 Asmedia Technology is operating at the current time. Most of Asmedia Technology's value examination focuses on studying past and present price action to predict the probability of Asmedia 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 Asmedia Technology's price. Additionally, you may evaluate how the addition of Asmedia Technology to your portfolios can decrease your overall portfolio volatility.