V Tac (Taiwan) Market Value
| 6229 Stock | TWD 30.15 0.20 0.66% |
| Symbol | 6229 |
V Tac '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 V Tac'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 V Tac.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in V Tac on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding V Tac Technology Co or generate 0.0% return on investment in V Tac over 690 days. V Tac is related to or competes with Gamania Digital, Eagle Cold, C Media, Provision Information, AVer Information, Galaxy Software, and Data International. More
V Tac 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 V Tac'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 V Tac Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.41 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.52 |
V Tac Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for V Tac's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as V Tac's standard deviation. In reality, there are many statistical measures that can use V Tac historical prices to predict the future V Tac's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (1.35) |
V Tac Technology Backtested Returns
V Tac Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0625, which indicates the company had a -0.0625% return per unit of risk over the last 3 months. V Tac Technology Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate V Tac's market risk adjusted performance of (1.34), and Standard Deviation of 2.58 to confirm the risk estimate we provide. The firm has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, V Tac's returns are expected to increase less than the market. However, during the bear market, the loss of holding V Tac is expected to be smaller as well. At this point, V Tac Technology has a negative expected return of -0.17%. Please make sure to validate V Tac's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if V Tac Technology performance from the past will be repeated at some future date.
Auto-correlation | 0.32 |
Below average predictability
V Tac Technology Co has below average predictability. Overlapping area represents the amount of predictability between V Tac time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 V Tac Technology price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current V Tac price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 20.95 |
V Tac Technology lagged returns against current returns
Autocorrelation, which is V Tac 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 V Tac's stock expected returns. We can calculate the autocorrelation of V Tac returns to help us make a trade decision. For example, suppose you find that V Tac 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 |
V Tac 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 V Tac stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if V Tac stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in V Tac stock over time.
Current vs Lagged Prices |
| Timeline |
V Tac Lagged Returns
When evaluating V Tac's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of V Tac stock have on its future price. V Tac 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, V Tac autocorrelation shows the relationship between V Tac stock current value and its past values and can show if there is a momentum factor associated with investing in V Tac Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with V Tac
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 V Tac 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 V Tac will appreciate offsetting losses from the drop in the long position's value.Moving together with 6229 Stock
The ability to find closely correlated positions to V Tac could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace V Tac 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 V Tac - 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 V Tac Technology Co to buy it.
The correlation of V Tac 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 V Tac moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if V Tac 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 V Tac 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 6229 Stock Analysis
When running V Tac's price analysis, check to measure V Tac'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 V Tac is operating at the current time. Most of V Tac's value examination focuses on studying past and present price action to predict the probability of V Tac's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move V Tac's price. Additionally, you may evaluate how the addition of V Tac to your portfolios can decrease your overall portfolio volatility.