FineMat Applied (Taiwan) Market Value
| 6698 Stock | TWD 38.70 0.25 0.64% |
| Symbol | FineMat |
FineMat Applied '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 FineMat Applied'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 FineMat Applied.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in FineMat Applied on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding FineMat Applied Materials or generate 0.0% return on investment in FineMat Applied over 180 days. FineMat Applied is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, E Ink, Yageo Corp, Pegatron Corp, and AU Optronics. FineMat Applied Materials Co., Ltd. develops and manufactures high-precision metal masks based on precision etching tech... More
FineMat Applied 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 FineMat Applied'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 FineMat Applied Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.75 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 8.6 |
FineMat Applied Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FineMat Applied's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FineMat Applied's standard deviation. In reality, there are many statistical measures that can use FineMat Applied historical prices to predict the future FineMat Applied's volatility.| Risk Adjusted Performance | 0.0221 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0813 |
FineMat Applied Materials Backtested Returns
FineMat Applied Materials secures Sharpe Ratio (or Efficiency) of -0.0784, which denotes the company had a -0.0784% return per unit of risk over the last 3 months. FineMat Applied Materials exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FineMat Applied's Downside Deviation of 2.79, coefficient of variation of 5329.52, and Mean Deviation of 2.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, FineMat Applied's returns are expected to increase less than the market. However, during the bear market, the loss of holding FineMat Applied is expected to be smaller as well. At this point, FineMat Applied Materials has a negative expected return of -0.24%. Please make sure to confirm FineMat Applied's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if FineMat Applied Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
FineMat Applied Materials has poor predictability. Overlapping area represents the amount of predictability between FineMat Applied time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 FineMat Applied Materials price movement. The serial correlation of 0.25 indicates that over 25.0% of current FineMat Applied price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 11.71 |
FineMat Applied Materials lagged returns against current returns
Autocorrelation, which is FineMat Applied 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 FineMat Applied's stock expected returns. We can calculate the autocorrelation of FineMat Applied returns to help us make a trade decision. For example, suppose you find that FineMat Applied 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 |
FineMat Applied 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 FineMat Applied stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FineMat Applied stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FineMat Applied stock over time.
Current vs Lagged Prices |
| Timeline |
FineMat Applied Lagged Returns
When evaluating FineMat Applied's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FineMat Applied stock have on its future price. FineMat Applied 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, FineMat Applied autocorrelation shows the relationship between FineMat Applied stock current value and its past values and can show if there is a momentum factor associated with investing in FineMat Applied Materials.
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 FineMat Stock Analysis
When running FineMat Applied's price analysis, check to measure FineMat Applied'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 FineMat Applied is operating at the current time. Most of FineMat Applied's value examination focuses on studying past and present price action to predict the probability of FineMat Applied's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FineMat Applied's price. Additionally, you may evaluate how the addition of FineMat Applied to your portfolios can decrease your overall portfolio volatility.