Insyde Software (Taiwan) Market Value
| 6231 Stock | TWD 468.00 5.00 1.08% |
| Symbol | Insyde |
Insyde Software '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 Insyde Software'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 Insyde Software.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Insyde Software on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Insyde Software or generate 0.0% return on investment in Insyde Software over 30 days. Insyde Software is related to or competes with Quanta Storage, Eagle Cold, Ton Yi, Coxon Precise, Datavan International, Wha Yu, and Data International. Insyde Software Corp. provides system firmware and software engineering services for companies in the mobile, desktop, s... More
Insyde Software 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 Insyde Software'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 Insyde Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.0219 | |||
| Maximum Drawdown | 15.75 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 9.0 |
Insyde Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Insyde Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Insyde Software's standard deviation. In reality, there are many statistical measures that can use Insyde Software historical prices to predict the future Insyde Software's volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.2482 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0299 | |||
| Treynor Ratio | (0.55) |
Insyde Software Backtested Returns
At this stage we consider Insyde Stock to be very steady. Insyde Software holds Efficiency (Sharpe) Ratio of 0.0289, which attests that the entity had a 0.0289% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Insyde Software, which you can use to evaluate the volatility of the firm. Please check out Insyde Software's Downside Deviation of 2.47, market risk adjusted performance of (0.54), and Risk Adjusted Performance of 0.0557 to validate if the risk estimate we provide is consistent with the expected return of 0.0981%. Insyde Software has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Insyde Software are expected to decrease at a much lower rate. During the bear market, Insyde Software is likely to outperform the market. Insyde Software right now retains a risk of 3.39%. Please check out Insyde Software standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Insyde Software will be following its current trending patterns.
Auto-correlation | 0.72 |
Good predictability
Insyde Software has good predictability. Overlapping area represents the amount of predictability between Insyde Software time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Insyde Software price movement. The serial correlation of 0.72 indicates that around 72.0% of current Insyde Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 170.42 |
Insyde Software lagged returns against current returns
Autocorrelation, which is Insyde Software 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 Insyde Software's stock expected returns. We can calculate the autocorrelation of Insyde Software returns to help us make a trade decision. For example, suppose you find that Insyde Software 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 |
Insyde Software 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 Insyde Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Insyde Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Insyde Software stock over time.
Current vs Lagged Prices |
| Timeline |
Insyde Software Lagged Returns
When evaluating Insyde Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Insyde Software stock have on its future price. Insyde Software 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, Insyde Software autocorrelation shows the relationship between Insyde Software stock current value and its past values and can show if there is a momentum factor associated with investing in Insyde Software.
Regressed Prices |
| Timeline |
Pair Trading with Insyde Software
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 Insyde Software 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 Insyde Software will appreciate offsetting losses from the drop in the long position's value.Moving against Insyde Stock
| 0.55 | 3570 | Otsuka Information | PairCorr |
| 0.53 | 2379 | Realtek Semiconductor | PairCorr |
| 0.51 | 3008 | LARGAN Precision | PairCorr |
| 0.4 | 6121 | Simplo Technology | PairCorr |
The ability to find closely correlated positions to Insyde Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Insyde Software 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 Insyde Software - 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 Insyde Software to buy it.
The correlation of Insyde Software 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 Insyde Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Insyde Software 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 Insyde Software 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 Insyde Stock Analysis
When running Insyde Software's price analysis, check to measure Insyde Software'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 Insyde Software is operating at the current time. Most of Insyde Software's value examination focuses on studying past and present price action to predict the probability of Insyde Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Insyde Software's price. Additionally, you may evaluate how the addition of Insyde Software to your portfolios can decrease your overall portfolio volatility.