VIA Labs (Taiwan) Market Value
| 6756 Stock | TWD 138.00 1.00 0.72% |
| Symbol | VIA |
VIA Labs '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 VIA Labs' 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 VIA Labs.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in VIA Labs on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding VIA Labs or generate 0.0% return on investment in VIA Labs over 30 days. VIA Labs is related to or competes with Quanta Computer, Wiwynn Corp, Getac Technology, IEI Integration, and Elitegroup Computer. VIA Labs, Inc. engages in the research, design, manufacture, and sale of USB and USB power delivery controllers for mult... More
VIA Labs 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 VIA Labs' 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 VIA Labs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 2.56 |
VIA Labs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VIA Labs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VIA Labs' standard deviation. In reality, there are many statistical measures that can use VIA Labs historical prices to predict the future VIA Labs' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.42) |
VIA Labs Backtested Returns
VIA Labs retains Efficiency (Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of volatility over the last 3 months. VIA Labs exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VIA Labs' standard deviation of 2.35, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VIA Labs' returns are expected to increase less than the market. However, during the bear market, the loss of holding VIA Labs is expected to be smaller as well. At this point, VIA Labs has a negative expected return of -0.33%. Please make sure to validate VIA Labs' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if VIA Labs performance from the past will be repeated in the future.
Auto-correlation | 0.44 |
Average predictability
VIA Labs has average predictability. Overlapping area represents the amount of predictability between VIA Labs time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 VIA Labs price movement. The serial correlation of 0.44 indicates that just about 44.0% of current VIA Labs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 4.15 |
VIA Labs lagged returns against current returns
Autocorrelation, which is VIA Labs 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 VIA Labs' stock expected returns. We can calculate the autocorrelation of VIA Labs returns to help us make a trade decision. For example, suppose you find that VIA Labs 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 |
VIA Labs 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 VIA Labs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VIA Labs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VIA Labs stock over time.
Current vs Lagged Prices |
| Timeline |
VIA Labs Lagged Returns
When evaluating VIA Labs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VIA Labs stock have on its future price. VIA Labs 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, VIA Labs autocorrelation shows the relationship between VIA Labs stock current value and its past values and can show if there is a momentum factor associated with investing in VIA Labs.
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 VIA Stock Analysis
When running VIA Labs' price analysis, check to measure VIA Labs' 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 VIA Labs is operating at the current time. Most of VIA Labs' value examination focuses on studying past and present price action to predict the probability of VIA Labs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VIA Labs' price. Additionally, you may evaluate how the addition of VIA Labs to your portfolios can decrease your overall portfolio volatility.