Acter (Taiwan) Market Value
| 5536 Stock | TWD 317.00 6.00 1.86% |
| Symbol | Acter |
Acter '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 Acter'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 Acter.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Acter on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Acter Co or generate 0.0% return on investment in Acter over 60 days. Acter is related to or competes with United Integrated, Topco Scientific, Nova Technology, Simplo Technology, and Chong Hong. Acter Co., Ltd. provides engineering services in Taiwan, Mainland China, and other Asian countries More
Acter 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 Acter'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 Acter Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0399 | |||
| Maximum Drawdown | 17.57 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 4.12 |
Acter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acter's standard deviation. In reality, there are many statistical measures that can use Acter historical prices to predict the future Acter's volatility.| Risk Adjusted Performance | 0.0756 | |||
| Jensen Alpha | 0.2598 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0441 | |||
| Treynor Ratio | (0.79) |
Acter Backtested Returns
Acter appears to be very steady, given 3 months investment horizon. Acter secures Sharpe Ratio (or Efficiency) of 0.0952, which signifies that the company had a 0.0952% return per unit of risk over the last 3 months. We have found thirty technical indicators for Acter Co, which you can use to evaluate the volatility of the firm. Please makes use of Acter's Risk Adjusted Performance of 0.0756, downside deviation of 2.38, and Mean Deviation of 1.79 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Acter holds a performance score of 7. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Acter are expected to decrease at a much lower rate. During the bear market, Acter is likely to outperform the market. Please check Acter's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Acter's price patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Acter Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Acter time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Acter price movement. The serial correlation of -0.71 indicates that around 71.0% of current Acter price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 381.87 |
Acter lagged returns against current returns
Autocorrelation, which is Acter 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 Acter's stock expected returns. We can calculate the autocorrelation of Acter returns to help us make a trade decision. For example, suppose you find that Acter 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 |
Acter 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 Acter stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acter stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acter stock over time.
Current vs Lagged Prices |
| Timeline |
Acter Lagged Returns
When evaluating Acter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acter stock have on its future price. Acter 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, Acter autocorrelation shows the relationship between Acter stock current value and its past values and can show if there is a momentum factor associated with investing in Acter Co.
Regressed Prices |
| Timeline |
Pair Trading with Acter
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 Acter 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 Acter will appreciate offsetting losses from the drop in the long position's value.Moving against Acter Stock
| 0.82 | 3703 | Continental Holdings Corp | PairCorr |
| 0.81 | 2597 | Ruentex Engineering | PairCorr |
| 0.72 | 6488 | GlobalWafers | PairCorr |
| 0.67 | 2535 | Da Cin Construction | PairCorr |
| 0.65 | 2515 | BES Engineering | PairCorr |
The ability to find closely correlated positions to Acter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acter 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 Acter - 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 Acter Co to buy it.
The correlation of Acter 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 Acter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acter 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 Acter 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 Acter Stock Analysis
When running Acter's price analysis, check to measure Acter'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 Acter is operating at the current time. Most of Acter's value examination focuses on studying past and present price action to predict the probability of Acter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acter's price. Additionally, you may evaluate how the addition of Acter to your portfolios can decrease your overall portfolio volatility.