Career Technology (Taiwan) Market Value
| 6153 Stock | TWD 17.30 0.30 1.70% |
| Symbol | Career |
Career Technology '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 Career Technology'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 Career Technology.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Career Technology on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Career Technology MFG or generate 0.0% return on investment in Career Technology over 30 days. Career Technology is related to or competes with Flexium Interconnect, Compeq Manufacturing, Unimicron Technology, Tripod Technology, and Zhen Ding. Co., Ltd. manufactures and sells flexible printed circuits in Taiwan and internationally More
Career Technology 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 Career Technology'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 Career Technology MFG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 9.86 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.16 |
Career Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Career Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Career Technology's standard deviation. In reality, there are many statistical measures that can use Career Technology historical prices to predict the future Career Technology's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (5.83) |
Career Technology MFG Backtested Returns
Career Technology MFG secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26% return per unit of risk over the last 3 months. Career Technology MFG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Career Technology's Risk Adjusted Performance of (0.16), standard deviation of 1.73, and Mean Deviation of 1.26 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0669, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Career Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Career Technology is expected to be smaller as well. At this point, Career Technology MFG has a negative expected return of -0.45%. Please make sure to confirm Career Technology's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Career Technology MFG performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Career Technology MFG has weak reverse predictability. Overlapping area represents the amount of predictability between Career Technology time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Career Technology MFG price movement. The serial correlation of -0.25 indicates that over 25.0% of current Career Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Career Technology MFG lagged returns against current returns
Autocorrelation, which is Career Technology 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 Career Technology's stock expected returns. We can calculate the autocorrelation of Career Technology returns to help us make a trade decision. For example, suppose you find that Career Technology 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 |
Career Technology 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 Career Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Career Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Career Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Career Technology Lagged Returns
When evaluating Career Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Career Technology stock have on its future price. Career Technology 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, Career Technology autocorrelation shows the relationship between Career Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Career Technology MFG.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Career Stock Analysis
When running Career Technology's price analysis, check to measure Career Technology'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 Career Technology is operating at the current time. Most of Career Technology's value examination focuses on studying past and present price action to predict the probability of Career Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Career Technology's price. Additionally, you may evaluate how the addition of Career Technology to your portfolios can decrease your overall portfolio volatility.