Delta Asia (Taiwan) Market Value
| 6762 Stock | TWD 275.00 1.50 0.54% |
| Symbol | Delta |
Delta Asia '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 Delta Asia'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 Delta Asia.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Delta Asia on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Asia International or generate 0.0% return on investment in Delta Asia over 30 days. Delta Asia is related to or competes with Universal Vision, Excelsior Medical, Hi Clearance, Pacific Hospital, Brighten Optix, and Medtecs International. Delta Asia International Corporation manufactures and sells medical devices and parts in Taiwan More
Delta Asia 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 Delta Asia'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 Delta Asia International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.42 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.49 |
Delta Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Asia's standard deviation. In reality, there are many statistical measures that can use Delta Asia historical prices to predict the future Delta Asia's volatility.| Risk Adjusted Performance | 0.0302 | |||
| Jensen Alpha | 0.0307 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (3.37) |
Delta Asia International Backtested Returns
Delta Asia International secures Sharpe Ratio (or Efficiency) of -0.0502, which denotes the company had a -0.0502% return per unit of risk over the last 3 months. Delta Asia International exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta Asia's Downside Deviation of 1.43, mean deviation of 0.7707, and Coefficient Of Variation of 2834.88 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0088, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delta Asia are expected to decrease at a much lower rate. During the bear market, Delta Asia is likely to outperform the market. At this point, Delta Asia International has a negative expected return of -0.0522%. Please make sure to confirm Delta Asia's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Delta Asia International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Delta Asia International has very weak predictability. Overlapping area represents the amount of predictability between Delta Asia 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 Delta Asia International price movement. The serial correlation of 0.17 indicates that over 17.0% of current Delta Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 18.56 |
Delta Asia International lagged returns against current returns
Autocorrelation, which is Delta Asia 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 Delta Asia's stock expected returns. We can calculate the autocorrelation of Delta Asia returns to help us make a trade decision. For example, suppose you find that Delta Asia 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 |
Delta Asia 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 Delta Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Asia Lagged Returns
When evaluating Delta Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Asia stock have on its future price. Delta Asia 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, Delta Asia autocorrelation shows the relationship between Delta Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Asia International.
Regressed Prices |
| Timeline |
Pair Trading with Delta Asia
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 Delta Asia 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 Delta Asia will appreciate offsetting losses from the drop in the long position's value.Moving together with Delta Stock
Moving against Delta Stock
The ability to find closely correlated positions to Delta Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Asia 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 Delta Asia - 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 Delta Asia International to buy it.
The correlation of Delta Asia 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 Delta Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Asia International 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 Delta Asia 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 Delta Stock Analysis
When running Delta Asia's price analysis, check to measure Delta Asia'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 Delta Asia is operating at the current time. Most of Delta Asia's value examination focuses on studying past and present price action to predict the probability of Delta Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Asia's price. Additionally, you may evaluate how the addition of Delta Asia to your portfolios can decrease your overall portfolio volatility.