XAC Automation (Taiwan) Market Value
| 5490 Stock | TWD 25.90 0.55 2.08% |
| Symbol | XAC |
XAC Automation '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 XAC Automation'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 XAC Automation.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in XAC Automation on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding XAC Automation or generate 0.0% return on investment in XAC Automation over 720 days. XAC Automation is related to or competes with Chinese Maritime, Lian Hwa, Emerging Display, Mercuries Life, Shan Loong, Shinkong Insurance, and Insyde Software. XAC Automation Corporation engages in the research and development, manufacture, and sale of commerce specific solutions... More
XAC Automation 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 XAC Automation'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 XAC Automation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.86 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.14 |
XAC Automation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XAC Automation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XAC Automation's standard deviation. In reality, there are many statistical measures that can use XAC Automation historical prices to predict the future XAC Automation's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.88) |
XAC Automation Backtested Returns
XAC Automation retains Efficiency (Sharpe Ratio) of -0.0679, which attests that the company had a -0.0679% return per unit of volatility over the last 3 months. XAC Automation exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XAC Automation's Mean Deviation of 1.17, market risk adjusted performance of (0.87), and Information Ratio of (0.13) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XAC Automation's returns are expected to increase less than the market. However, during the bear market, the loss of holding XAC Automation is expected to be smaller as well. At this point, XAC Automation has a negative expected return of -0.14%. Please make sure to check out XAC Automation's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if XAC Automation performance from the past will be repeated in the future.
Auto-correlation | 0.14 |
Insignificant predictability
XAC Automation has insignificant predictability. Overlapping area represents the amount of predictability between XAC Automation time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 XAC Automation price movement. The serial correlation of 0.14 indicates that less than 14.0% of current XAC Automation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 9.85 |
XAC Automation lagged returns against current returns
Autocorrelation, which is XAC Automation 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 XAC Automation's stock expected returns. We can calculate the autocorrelation of XAC Automation returns to help us make a trade decision. For example, suppose you find that XAC Automation 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 |
XAC Automation 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 XAC Automation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XAC Automation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XAC Automation stock over time.
Current vs Lagged Prices |
| Timeline |
XAC Automation Lagged Returns
When evaluating XAC Automation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XAC Automation stock have on its future price. XAC Automation 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, XAC Automation autocorrelation shows the relationship between XAC Automation stock current value and its past values and can show if there is a momentum factor associated with investing in XAC Automation.
Regressed Prices |
| Timeline |
Pair Trading with XAC Automation
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 XAC Automation 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 XAC Automation will appreciate offsetting losses from the drop in the long position's value.Moving against XAC Stock
| 0.42 | 910322 | Tingyi Holding Corp | PairCorr |
| 0.41 | 2881B | Fubon Financial Holding | PairCorr |
| 0.39 | 2882A | Cathay Financial Holding | PairCorr |
The ability to find closely correlated positions to XAC Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XAC Automation 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 XAC Automation - 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 XAC Automation to buy it.
The correlation of XAC Automation 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 XAC Automation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XAC Automation 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 XAC Automation 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 XAC Stock Analysis
When running XAC Automation's price analysis, check to measure XAC Automation'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 XAC Automation is operating at the current time. Most of XAC Automation's value examination focuses on studying past and present price action to predict the probability of XAC Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XAC Automation's price. Additionally, you may evaluate how the addition of XAC Automation to your portfolios can decrease your overall portfolio volatility.