Acbel Polytech (Taiwan) Market Value
| 6282 Stock | TWD 34.55 0.15 0.44% |
| Symbol | Acbel |
Acbel Polytech '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 Acbel Polytech'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 Acbel Polytech.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Acbel Polytech on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Acbel Polytech or generate 0.0% return on investment in Acbel Polytech over 570 days. Acbel Polytech is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. AcBel Polytech Inc. develops, manufactures, and sells power management solutions worldwide More
Acbel Polytech 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 Acbel Polytech'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 Acbel Polytech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.85 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.39 |
Acbel Polytech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acbel Polytech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acbel Polytech's standard deviation. In reality, there are many statistical measures that can use Acbel Polytech historical prices to predict the future Acbel Polytech's volatility.| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.001) |
Acbel Polytech Backtested Returns
At this stage we consider Acbel Stock to be very steady. Acbel Polytech secures Sharpe Ratio (or Efficiency) of 0.0061, which signifies that the company had a 0.0061% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Acbel Polytech, which you can use to evaluate the volatility of the firm. Please confirm Acbel Polytech's risk adjusted performance of 0.0098, and Mean Deviation of 1.56 to double-check if the risk estimate we provide is consistent with the expected return of 0.0139%. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Acbel Polytech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Acbel Polytech is expected to be smaller as well. Acbel Polytech right now shows a risk of 2.28%. Please confirm Acbel Polytech downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Acbel Polytech will be following its price patterns.
Auto-correlation | 0.49 |
Average predictability
Acbel Polytech has average predictability. Overlapping area represents the amount of predictability between Acbel Polytech time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Acbel Polytech price movement. The serial correlation of 0.49 indicates that about 49.0% of current Acbel Polytech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 9.53 |
Acbel Polytech lagged returns against current returns
Autocorrelation, which is Acbel Polytech 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 Acbel Polytech's stock expected returns. We can calculate the autocorrelation of Acbel Polytech returns to help us make a trade decision. For example, suppose you find that Acbel Polytech 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 |
Acbel Polytech 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 Acbel Polytech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acbel Polytech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acbel Polytech stock over time.
Current vs Lagged Prices |
| Timeline |
Acbel Polytech Lagged Returns
When evaluating Acbel Polytech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acbel Polytech stock have on its future price. Acbel Polytech 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, Acbel Polytech autocorrelation shows the relationship between Acbel Polytech stock current value and its past values and can show if there is a momentum factor associated with investing in Acbel Polytech.
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 Acbel Stock Analysis
When running Acbel Polytech's price analysis, check to measure Acbel Polytech'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 Acbel Polytech is operating at the current time. Most of Acbel Polytech's value examination focuses on studying past and present price action to predict the probability of Acbel Polytech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acbel Polytech's price. Additionally, you may evaluate how the addition of Acbel Polytech to your portfolios can decrease your overall portfolio volatility.