Data International (Taiwan) Market Value
| 5432 Stock | TWD 167.00 3.50 2.14% |
| Symbol | Data |
Data International '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 Data International'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 Data International.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Data International on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Data International Co or generate 0.0% return on investment in Data International over 180 days. Data International is related to or competes with Arima Communications, Chief Telecom, U Media, China Metal, Thermaltake Technology, and Chernan Metal. Solomon Data International Corporation manufactures and sells liquid crystal display modules in Taiwan and China More
Data International 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 Data International'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 Data International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 15.31 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 4.27 |
Data International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Data International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Data International's standard deviation. In reality, there are many statistical measures that can use Data International historical prices to predict the future Data International's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (1.26) | |||
| Treynor Ratio | (0.60) |
Data International Backtested Returns
Data International secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the company had a -0.25% return per unit of risk over the last 3 months. Data International Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Data International's Variance of 9.88, standard deviation of 3.14, and Mean Deviation of 2.51 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.31, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Data International will likely underperform. At this point, Data International has a negative expected return of -0.79%. Please make sure to confirm Data International's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Data International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Data International Co has weak reverse predictability. Overlapping area represents the amount of predictability between Data International time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Data International price movement. The serial correlation of -0.23 indicates that over 23.0% of current Data International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1689.41 |
Data International lagged returns against current returns
Autocorrelation, which is Data International 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 Data International's stock expected returns. We can calculate the autocorrelation of Data International returns to help us make a trade decision. For example, suppose you find that Data International 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 |
Data International 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 Data International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Data International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Data International stock over time.
Current vs Lagged Prices |
| Timeline |
Data International Lagged Returns
When evaluating Data International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Data International stock have on its future price. Data International 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, Data International autocorrelation shows the relationship between Data International stock current value and its past values and can show if there is a momentum factor associated with investing in Data International Co.
Regressed Prices |
| Timeline |
Pair Trading with Data International
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 Data International 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 Data International will appreciate offsetting losses from the drop in the long position's value.Moving together with Data Stock
Moving against Data Stock
| 0.65 | 2317 | Hon Hai Precision | PairCorr |
| 0.59 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.53 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.51 | 8042 | Taiwan Chinsan Electronic | PairCorr |
| 0.4 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Data International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Data International 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 Data International - 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 Data International Co to buy it.
The correlation of Data International 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 Data International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Data International 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 Data International 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 Data Stock Analysis
When running Data International's price analysis, check to measure Data International'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 Data International is operating at the current time. Most of Data International's value examination focuses on studying past and present price action to predict the probability of Data International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Data International's price. Additionally, you may evaluate how the addition of Data International to your portfolios can decrease your overall portfolio volatility.