Flexium Interconnect (Taiwan) Market Value
| 6269 Stock | TWD 67.10 0.30 0.45% |
| Symbol | Flexium |
Flexium Interconnect '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 Flexium Interconnect'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 Flexium Interconnect.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Flexium Interconnect on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Flexium Interconnect or generate 0.0% return on investment in Flexium Interconnect over 30 days. Flexium Interconnect is related to or competes with United Microelectronics, and Winbond Electronics. Flexium Interconnect, Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of... More
Flexium Interconnect 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 Flexium Interconnect'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 Flexium Interconnect upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 1.64 |
Flexium Interconnect Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flexium Interconnect's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flexium Interconnect's standard deviation. In reality, there are many statistical measures that can use Flexium Interconnect historical prices to predict the future Flexium Interconnect's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.76) |
Flexium Interconnect Backtested Returns
Flexium Interconnect secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the company had a -0.25% return per unit of risk over the last 3 months. Flexium Interconnect exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Flexium Interconnect's Mean Deviation of 1.17, standard deviation of 1.69, and Variance of 2.84 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Flexium Interconnect's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flexium Interconnect is expected to be smaller as well. At this point, Flexium Interconnect has a negative expected return of -0.39%. Please make sure to confirm Flexium Interconnect's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Flexium Interconnect performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Flexium Interconnect has weak predictability. Overlapping area represents the amount of predictability between Flexium Interconnect time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Flexium Interconnect price movement. The serial correlation of 0.24 indicates that over 24.0% of current Flexium Interconnect price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Flexium Interconnect lagged returns against current returns
Autocorrelation, which is Flexium Interconnect 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 Flexium Interconnect's stock expected returns. We can calculate the autocorrelation of Flexium Interconnect returns to help us make a trade decision. For example, suppose you find that Flexium Interconnect 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 |
Flexium Interconnect 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 Flexium Interconnect stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flexium Interconnect stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flexium Interconnect stock over time.
Current vs Lagged Prices |
| Timeline |
Flexium Interconnect Lagged Returns
When evaluating Flexium Interconnect's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flexium Interconnect stock have on its future price. Flexium Interconnect 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, Flexium Interconnect autocorrelation shows the relationship between Flexium Interconnect stock current value and its past values and can show if there is a momentum factor associated with investing in Flexium Interconnect.
Regressed Prices |
| Timeline |
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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 Flexium Stock Analysis
When running Flexium Interconnect's price analysis, check to measure Flexium Interconnect'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 Flexium Interconnect is operating at the current time. Most of Flexium Interconnect's value examination focuses on studying past and present price action to predict the probability of Flexium Interconnect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexium Interconnect's price. Additionally, you may evaluate how the addition of Flexium Interconnect to your portfolios can decrease your overall portfolio volatility.