Advanced Energy (Taiwan) Market Value
| 6781 Stock | TWD 827.00 23.00 2.71% |
| Symbol | Advanced |
Advanced Energy '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 Advanced Energy'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 Advanced Energy.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Advanced Energy on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Advanced Energy Solution or generate 0.0% return on investment in Advanced Energy over 720 days. Advanced Energy is related to or competes with Walsin Lihwa, Ta Ya, Hiwin Mikrosystem, Amtran Technology, and Allis Electric. Advanced Energy Solution Holding Co., Ltd More
Advanced Energy 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 Advanced Energy'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 Advanced Energy Solution upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.2271 | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 9.39 |
Advanced Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Energy's standard deviation. In reality, there are many statistical measures that can use Advanced Energy historical prices to predict the future Advanced Energy's volatility.| Risk Adjusted Performance | 0.214 | |||
| Jensen Alpha | 0.6727 | |||
| Total Risk Alpha | 0.3366 | |||
| Sortino Ratio | 0.3222 | |||
| Treynor Ratio | 0.6546 |
Advanced Energy Solution Backtested Returns
Advanced Energy appears to be very steady, given 3 months investment horizon. Advanced Energy Solution secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. By analyzing Advanced Energy's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please makes use of Advanced Energy's Downside Deviation of 2.19, risk adjusted performance of 0.214, and Mean Deviation of 2.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Energy holds a performance score of 21. The firm shows a Beta (market volatility) of 1.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Advanced Energy will likely underperform. Please check Advanced Energy's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Advanced Energy's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
Advanced Energy Solution has modest predictability. Overlapping area represents the amount of predictability between Advanced Energy time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Advanced Energy Solution price movement. The serial correlation of 0.55 indicates that about 55.0% of current Advanced Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 6999.2 |
Advanced Energy Solution lagged returns against current returns
Autocorrelation, which is Advanced Energy 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 Advanced Energy's stock expected returns. We can calculate the autocorrelation of Advanced Energy returns to help us make a trade decision. For example, suppose you find that Advanced Energy 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 |
Advanced Energy 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 Advanced Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Energy Lagged Returns
When evaluating Advanced Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Energy stock have on its future price. Advanced Energy 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, Advanced Energy autocorrelation shows the relationship between Advanced Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Energy Solution.
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 Advanced Stock Analysis
When running Advanced Energy's price analysis, check to measure Advanced Energy'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 Advanced Energy is operating at the current time. Most of Advanced Energy's value examination focuses on studying past and present price action to predict the probability of Advanced Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Energy's price. Additionally, you may evaluate how the addition of Advanced Energy to your portfolios can decrease your overall portfolio volatility.