Aker Technology (Taiwan) Market Value
6174 Stock | TWD 27.40 0.40 1.48% |
Symbol | Aker |
Aker 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 Aker 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 Aker Technology.
06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Aker Technology on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Aker Technology Co or generate 0.0% return on investment in Aker Technology over 180 days. Aker Technology is related to or competes with Tang Eng, Yeou Yih, Arima Communications, Quintain Steel, Emerging Display, Cameo Communications, and Taiwan Steel. More
Aker 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 Aker 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 Aker Technology Co upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.73 | |||
Information Ratio | 0.114 | |||
Maximum Drawdown | 17.95 | |||
Value At Risk | (4.24) | |||
Potential Upside | 9.95 |
Aker Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker Technology's standard deviation. In reality, there are many statistical measures that can use Aker Technology historical prices to predict the future Aker Technology's volatility.Risk Adjusted Performance | 0.1219 | |||
Jensen Alpha | 0.5344 | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | 0.1645 | |||
Treynor Ratio | 1.75 |
Aker Technology Backtested Returns
Aker Technology appears to be not too volatile, given 3 months investment horizon. Aker Technology secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. By analyzing Aker Technology's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Aker Technology's risk adjusted performance of 0.1219, and Mean Deviation of 2.53 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aker Technology holds a performance score of 12. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aker Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aker Technology is expected to be smaller as well. Please check Aker Technology's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Aker Technology's price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Aker Technology Co has modest reverse predictability. Overlapping area represents the amount of predictability between Aker Technology time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Aker Technology price movement. The serial correlation of -0.48 indicates that about 48.0% of current Aker Technology price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.48 | |
Spearman Rank Test | -0.48 | |
Residual Average | 0.0 | |
Price Variance | 4.38 |
Aker Technology lagged returns against current returns
Autocorrelation, which is Aker 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 Aker Technology's stock expected returns. We can calculate the autocorrelation of Aker Technology returns to help us make a trade decision. For example, suppose you find that Aker 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 |
Aker 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 Aker Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker Technology stock over time.
Current vs Lagged Prices |
Timeline |
Aker Technology Lagged Returns
When evaluating Aker Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker Technology stock have on its future price. Aker 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, Aker Technology autocorrelation shows the relationship between Aker Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Aker Technology Co.
Regressed Prices |
Timeline |
Pair Trading with Aker Technology
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 Aker Technology 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 Aker Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Aker Stock
0.61 | 6539 | DV Biomed | PairCorr |
0.59 | 2072 | Century Wind Power | PairCorr |
0.56 | 2327 | Yageo Corp | PairCorr |
0.51 | 3008 | LARGAN Precision | PairCorr |
0.47 | 4938 | Pegatron Corp | PairCorr |
The ability to find closely correlated positions to Aker Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aker Technology 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 Aker Technology - 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 Aker Technology Co to buy it.
The correlation of Aker Technology 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 Aker Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aker Technology 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 Aker Technology 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 Aker Stock Analysis
When running Aker Technology's price analysis, check to measure Aker 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 Aker Technology is operating at the current time. Most of Aker Technology's value examination focuses on studying past and present price action to predict the probability of Aker 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 Aker Technology's price. Additionally, you may evaluate how the addition of Aker Technology to your portfolios can decrease your overall portfolio volatility.