Analog Integrations (Taiwan) Market Value
| 6291 Stock | TWD 91.60 0.30 0.33% |
| Symbol | Analog |
Analog Integrations '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 Analog Integrations' 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 Analog Integrations.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Analog Integrations on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Analog Integrations or generate 0.0% return on investment in Analog Integrations over 30 days. Analog Integrations is related to or competes with Dadi Early, Sunspring Metal, Excellence Optoelectronic, Feng Ching, Taiwan Chinsan, Lung Hwa, and Chernan Metal. Analog Integrations Corporation, a fabless IC company, designs, manufactures, tests, and markets analog integrated circu... More
Analog Integrations 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 Analog Integrations' 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 Analog Integrations upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 17.25 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 2.83 |
Analog Integrations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Analog Integrations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Analog Integrations' standard deviation. In reality, there are many statistical measures that can use Analog Integrations historical prices to predict the future Analog Integrations' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (1.16) |
Analog Integrations Backtested Returns
Analog Integrations secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of standard deviation over the last 3 months. Analog Integrations exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Analog Integrations' risk adjusted performance of (0.11), and Mean Deviation of 2.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Analog Integrations' returns are expected to increase less than the market. However, during the bear market, the loss of holding Analog Integrations is expected to be smaller as well. At this point, Analog Integrations has a negative expected return of -0.52%. Please make sure to confirm Analog Integrations' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Analog Integrations performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Analog Integrations has very weak reverse predictability. Overlapping area represents the amount of predictability between Analog Integrations time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Analog Integrations price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Analog Integrations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2.84 |
Analog Integrations lagged returns against current returns
Autocorrelation, which is Analog Integrations 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 Analog Integrations' stock expected returns. We can calculate the autocorrelation of Analog Integrations returns to help us make a trade decision. For example, suppose you find that Analog Integrations 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 |
Analog Integrations 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 Analog Integrations stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Analog Integrations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Analog Integrations stock over time.
Current vs Lagged Prices |
| Timeline |
Analog Integrations Lagged Returns
When evaluating Analog Integrations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Analog Integrations stock have on its future price. Analog Integrations 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, Analog Integrations autocorrelation shows the relationship between Analog Integrations stock current value and its past values and can show if there is a momentum factor associated with investing in Analog Integrations.
Regressed Prices |
| Timeline |
Pair Trading with Analog Integrations
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 Analog Integrations 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 Analog Integrations will appreciate offsetting losses from the drop in the long position's value.Moving together with Analog Stock
Moving against Analog Stock
| 0.9 | 6510 | Chunghwa Precision Test | PairCorr |
| 0.79 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.78 | 2357 | Asustek Computer | PairCorr |
| 0.66 | 6669 | Wiwynn Corp | PairCorr |
| 0.62 | 2330 | Taiwan Semiconductor | PairCorr |
The ability to find closely correlated positions to Analog Integrations could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Analog Integrations 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 Analog Integrations - 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 Analog Integrations to buy it.
The correlation of Analog Integrations 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 Analog Integrations moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Analog Integrations 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 Analog Integrations 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 Analog Stock Analysis
When running Analog Integrations' price analysis, check to measure Analog Integrations' 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 Analog Integrations is operating at the current time. Most of Analog Integrations' value examination focuses on studying past and present price action to predict the probability of Analog Integrations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Analog Integrations' price. Additionally, you may evaluate how the addition of Analog Integrations to your portfolios can decrease your overall portfolio volatility.