Averlogic Technologies (Taiwan) Market Value
| 6198 Stock | TWD 41.65 0.10 0.24% |
| Symbol | Averlogic |
Averlogic Technologies '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 Averlogic Technologies' 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 Averlogic Technologies.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Averlogic Technologies on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Averlogic Technologies or generate 0.0% return on investment in Averlogic Technologies over 30 days. Averlogic Technologies is related to or competes with Johnson Chemical, Qualipoly Chemical, Hsinli Chemical, Eagle Cold, Trade Van, Shiny Chemical, and Mercuries Data. More
Averlogic Technologies 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 Averlogic Technologies' 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 Averlogic Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 3.04 |
Averlogic Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Averlogic Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Averlogic Technologies' standard deviation. In reality, there are many statistical measures that can use Averlogic Technologies historical prices to predict the future Averlogic Technologies' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 151.82 |
Averlogic Technologies Backtested Returns
Averlogic Technologies secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of standard deviation over the last 3 months. Averlogic Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Averlogic Technologies' risk adjusted performance of (0.13), and Mean Deviation of 1.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0028, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Averlogic Technologies are expected to decrease at a much lower rate. During the bear market, Averlogic Technologies is likely to outperform the market. At this point, Averlogic Technologies has a negative expected return of -0.37%. Please make sure to confirm Averlogic Technologies' market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Averlogic Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Averlogic Technologies has modest predictability. Overlapping area represents the amount of predictability between Averlogic Technologies time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Averlogic Technologies price movement. The serial correlation of 0.5 indicates that about 50.0% of current Averlogic Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Averlogic Technologies lagged returns against current returns
Autocorrelation, which is Averlogic Technologies 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 Averlogic Technologies' stock expected returns. We can calculate the autocorrelation of Averlogic Technologies returns to help us make a trade decision. For example, suppose you find that Averlogic Technologies 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 |
Averlogic Technologies 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 Averlogic Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Averlogic Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Averlogic Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Averlogic Technologies Lagged Returns
When evaluating Averlogic Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Averlogic Technologies stock have on its future price. Averlogic Technologies 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, Averlogic Technologies autocorrelation shows the relationship between Averlogic Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Averlogic Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Averlogic Technologies
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 Averlogic Technologies 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 Averlogic Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Averlogic Stock
Moving against Averlogic Stock
| 0.88 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.86 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.83 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.82 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.81 | 2357 | Asustek Computer | PairCorr |
The ability to find closely correlated positions to Averlogic Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Averlogic Technologies 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 Averlogic Technologies - 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 Averlogic Technologies to buy it.
The correlation of Averlogic Technologies 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 Averlogic Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Averlogic Technologies 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 Averlogic Technologies 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 Averlogic Stock Analysis
When running Averlogic Technologies' price analysis, check to measure Averlogic Technologies' 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 Averlogic Technologies is operating at the current time. Most of Averlogic Technologies' value examination focuses on studying past and present price action to predict the probability of Averlogic Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Averlogic Technologies' price. Additionally, you may evaluate how the addition of Averlogic Technologies to your portfolios can decrease your overall portfolio volatility.