Anpec Electronics (Taiwan) Market Value
| 6138 Stock | TWD 176.50 2.00 1.15% |
| Symbol | Anpec |
Anpec Electronics '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 Anpec Electronics' 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 Anpec Electronics.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Anpec Electronics on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Anpec Electronics or generate 0.0% return on investment in Anpec Electronics over 720 days. Anpec Electronics is related to or competes with Realtek Semiconductor, Novatek Microelectronics, Elan Microelectronics, Global Mixed, and Global Unichip. More
Anpec Electronics 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 Anpec Electronics' 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 Anpec Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.63 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.49 |
Anpec Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anpec Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anpec Electronics' standard deviation. In reality, there are many statistical measures that can use Anpec Electronics historical prices to predict the future Anpec Electronics' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.5754 |
Anpec Electronics Backtested Returns
At this stage we consider Anpec Stock to be very steady. Anpec Electronics secures Sharpe Ratio (or Efficiency) of 0.0317, which signifies that the company had a 0.0317 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Anpec Electronics, which you can use to evaluate the volatility of the firm. Please confirm Anpec Electronics' insignificant Risk Adjusted Performance, standard deviation of 2.16, and Mean Deviation of 1.49 to double-check if the risk estimate we provide is consistent with the expected return of 0.0666%. Anpec Electronics has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0732, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Anpec Electronics are expected to decrease at a much lower rate. During the bear market, Anpec Electronics is likely to outperform the market. Anpec Electronics right now shows a risk of 2.1%. Please confirm Anpec Electronics jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Anpec Electronics will be following its price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Anpec Electronics has modest reverse predictability. Overlapping area represents the amount of predictability between Anpec Electronics time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Anpec Electronics price movement. The serial correlation of -0.49 indicates that about 49.0% of current Anpec Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 259.71 |
Anpec Electronics lagged returns against current returns
Autocorrelation, which is Anpec Electronics 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 Anpec Electronics' stock expected returns. We can calculate the autocorrelation of Anpec Electronics returns to help us make a trade decision. For example, suppose you find that Anpec Electronics 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 |
Anpec Electronics 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 Anpec Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anpec Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anpec Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Anpec Electronics Lagged Returns
When evaluating Anpec Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anpec Electronics stock have on its future price. Anpec Electronics 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, Anpec Electronics autocorrelation shows the relationship between Anpec Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Anpec Electronics.
Regressed Prices |
| Timeline |
Pair Trading with Anpec Electronics
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 Anpec Electronics 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 Anpec Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Anpec Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anpec Electronics 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 Anpec Electronics - 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 Anpec Electronics to buy it.
The correlation of Anpec Electronics 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 Anpec Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anpec Electronics 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 Anpec Electronics 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 Anpec Stock Analysis
When running Anpec Electronics' price analysis, check to measure Anpec Electronics' 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 Anpec Electronics is operating at the current time. Most of Anpec Electronics' value examination focuses on studying past and present price action to predict the probability of Anpec Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anpec Electronics' price. Additionally, you may evaluate how the addition of Anpec Electronics to your portfolios can decrease your overall portfolio volatility.