ITEQ Corp (Taiwan) Market Value
| 6213 Stock | TWD 74.80 2.40 3.11% |
| Symbol | ITEQ |
ITEQ Corp '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 ITEQ Corp'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 ITEQ Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ITEQ Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ITEQ Corp or generate 0.0% return on investment in ITEQ Corp over 30 days. ITEQ Corp is related to or competes with Elite Material, Taiwan Union, Unimicron Technology, Tripod Technology, and Flexium Interconnect. ITEQ Corporation develops and manufactures copper clad laminate materials used for printed circuit boards worldwide More
ITEQ Corp 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 ITEQ Corp'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 ITEQ Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.82 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.23 |
ITEQ Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITEQ Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITEQ Corp's standard deviation. In reality, there are many statistical measures that can use ITEQ Corp historical prices to predict the future ITEQ Corp's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | 0.0376 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.03) |
ITEQ Corp Backtested Returns
ITEQ Corp holds Efficiency (Sharpe) Ratio of -0.0299, which attests that the entity had a -0.0299% return per unit of return volatility over the last 3 months. ITEQ Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ITEQ Corp's Risk Adjusted Performance of 0.013, market risk adjusted performance of (0.02), and Semi Deviation of 2.05 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ITEQ Corp are expected to decrease at a much lower rate. During the bear market, ITEQ Corp is likely to outperform the market. At this point, ITEQ Corp has a negative expected return of -0.0613%. Please make sure to check out ITEQ Corp's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if ITEQ Corp performance from the past will be repeated at future time.
Auto-correlation | 0.04 |
Virtually no predictability
ITEQ Corp has virtually no predictability. Overlapping area represents the amount of predictability between ITEQ Corp 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 ITEQ Corp price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current ITEQ Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 3.76 |
ITEQ Corp lagged returns against current returns
Autocorrelation, which is ITEQ Corp 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 ITEQ Corp's stock expected returns. We can calculate the autocorrelation of ITEQ Corp returns to help us make a trade decision. For example, suppose you find that ITEQ Corp 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 |
ITEQ Corp 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 ITEQ Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITEQ Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITEQ Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ITEQ Corp Lagged Returns
When evaluating ITEQ Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITEQ Corp stock have on its future price. ITEQ Corp 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, ITEQ Corp autocorrelation shows the relationship between ITEQ Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ITEQ Corp.
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 ITEQ Stock Analysis
When running ITEQ Corp's price analysis, check to measure ITEQ Corp'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 ITEQ Corp is operating at the current time. Most of ITEQ Corp's value examination focuses on studying past and present price action to predict the probability of ITEQ Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITEQ Corp's price. Additionally, you may evaluate how the addition of ITEQ Corp to your portfolios can decrease your overall portfolio volatility.