Azion (Taiwan) Market Value
| 6148 Stock | TWD 42.00 2.10 5.26% |
| Symbol | Azion |
Azion '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 Azion'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 Azion.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Azion on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Azion or generate 0.0% return on investment in Azion over 30 days. Azion is related to or competes with WinMate Communication, HIM International, Cowealth Medical, Feng Ching, First Copper, Chunghwa Telecom, and Loop Telecommunicatio. More
Azion 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 Azion'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 Azion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.2112 | |||
| Maximum Drawdown | 17.93 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 9.9 |
Azion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azion's standard deviation. In reality, there are many statistical measures that can use Azion historical prices to predict the future Azion's volatility.| Risk Adjusted Performance | 0.1642 | |||
| Jensen Alpha | 0.7902 | |||
| Total Risk Alpha | 0.8145 | |||
| Sortino Ratio | 0.2807 | |||
| Treynor Ratio | 8.05 |
Azion Backtested Returns
Azion appears to be not too volatile, given 3 months investment horizon. Azion secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24 % return per unit of risk over the last 3 months. By analyzing Azion's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of Azion's Downside Deviation of 2.83, mean deviation of 2.51, and Risk Adjusted Performance of 0.1642 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azion holds a performance score of 18. The firm shows a Beta (market volatility) of 0.0981, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Azion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azion is expected to be smaller as well. Please check Azion's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Azion's price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Azion has weak predictability. Overlapping area represents the amount of predictability between Azion time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th 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 Azion price movement. The serial correlation of 0.22 indicates that over 22.0% of current Azion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Azion lagged returns against current returns
Autocorrelation, which is Azion 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 Azion's stock expected returns. We can calculate the autocorrelation of Azion returns to help us make a trade decision. For example, suppose you find that Azion 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 |
Azion 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 Azion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azion stock over time.
Current vs Lagged Prices |
| Timeline |
Azion Lagged Returns
When evaluating Azion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azion stock have on its future price. Azion 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, Azion autocorrelation shows the relationship between Azion stock current value and its past values and can show if there is a momentum factor associated with investing in Azion.
Regressed Prices |
| Timeline |
Pair Trading with Azion
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 Azion 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 Azion will appreciate offsetting losses from the drop in the long position's value.Moving together with Azion Stock
| 0.66 | 6285 | Wistron NeWeb Corp Earnings Call This Week | PairCorr |
| 0.81 | 3596 | Arcadyan Technology Corp | PairCorr |
| 0.71 | 5388 | Sercomm Corp Earnings Call This Week | PairCorr |
Moving against Azion Stock
The ability to find closely correlated positions to Azion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azion 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 Azion - 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 Azion to buy it.
The correlation of Azion 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 Azion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azion 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 Azion 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 Azion Stock Analysis
When running Azion's price analysis, check to measure Azion'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 Azion is operating at the current time. Most of Azion's value examination focuses on studying past and present price action to predict the probability of Azion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azion's price. Additionally, you may evaluate how the addition of Azion to your portfolios can decrease your overall portfolio volatility.