M3 Technology (Taiwan) Market Value
| 6799 Stock | 95.20 3.80 3.84% |
| Symbol | 6799 |
M3 Technology '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 M3 Technology'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 M3 Technology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in M3 Technology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding M3 Technology or generate 0.0% return on investment in M3 Technology over 30 days.
M3 Technology 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 M3 Technology'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 M3 Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.82 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 3.42 |
M3 Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for M3 Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as M3 Technology's standard deviation. In reality, there are many statistical measures that can use M3 Technology historical prices to predict the future M3 Technology's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 1.24 |
M3 Technology Backtested Returns
M3 Technology retains Efficiency (Sharpe Ratio) of -0.11, which conveys that the company had a -0.11% return per unit of price deviation over the last 3 months. M3 Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify M3 Technology's Mean Deviation of 1.94, market risk adjusted performance of 1.25, and Information Ratio of (0.16) to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning M3 Technology are expected to decrease at a much lower rate. During the bear market, M3 Technology is likely to outperform the market. At this point, M3 Technology has a negative expected return of -0.29%. Please make sure to verify M3 Technology's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if M3 Technology performance from the past will be repeated sooner or later.
Auto-correlation | 0.50 |
Modest predictability
M3 Technology has modest predictability. Overlapping area represents the amount of predictability between M3 Technology time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 M3 Technology price movement. The serial correlation of 0.5 indicates that about 50.0% of current M3 Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 3.88 |
M3 Technology lagged returns against current returns
Autocorrelation, which is M3 Technology 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 M3 Technology's stock expected returns. We can calculate the autocorrelation of M3 Technology returns to help us make a trade decision. For example, suppose you find that M3 Technology 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 |
M3 Technology 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 M3 Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if M3 Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in M3 Technology stock over time.
Current vs Lagged Prices |
| Timeline |
M3 Technology Lagged Returns
When evaluating M3 Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of M3 Technology stock have on its future price. M3 Technology 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, M3 Technology autocorrelation shows the relationship between M3 Technology stock current value and its past values and can show if there is a momentum factor associated with investing in M3 Technology.
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 6799 Stock Analysis
When running M3 Technology's price analysis, check to measure M3 Technology'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 M3 Technology is operating at the current time. Most of M3 Technology's value examination focuses on studying past and present price action to predict the probability of M3 Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move M3 Technology's price. Additionally, you may evaluate how the addition of M3 Technology to your portfolios can decrease your overall portfolio volatility.