Acer E (Taiwan) Market Value
| 6811 Stock | TWD 242.50 2.00 0.83% |
| Symbol | Acer |
Acer E '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 Acer E'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 Acer E.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Acer E on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Acer E Enabling Service or generate 0.0% return on investment in Acer E over 30 days. Acer E is related to or competes with Digital China, Sysage Technology, Green World, Genesis Technology, Syscom Computer, and Tatung System. Acer e-Enabling Service Business Inc. provides application development, system integration, and cloud services primarily... More
Acer E 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 Acer E'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 Acer E Enabling Service upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.44 |
Acer E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acer E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acer E's standard deviation. In reality, there are many statistical measures that can use Acer E historical prices to predict the future Acer E's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (4.44) |
Acer E Enabling Backtested Returns
Acer E Enabling secures Sharpe Ratio (or Efficiency) of -0.0495, which signifies that the company had a -0.0495% return per unit of standard deviation over the last 3 months. Acer E Enabling Service exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acer E's risk adjusted performance of (0.04), and Mean Deviation of 1.16 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0241, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Acer E's returns are expected to increase less than the market. However, during the bear market, the loss of holding Acer E is expected to be smaller as well. At this point, Acer E Enabling has a negative expected return of -0.077%. Please make sure to confirm Acer E's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Acer E Enabling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Acer E Enabling Service has below average predictability. Overlapping area represents the amount of predictability between Acer E time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Acer E Enabling price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Acer E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 22.89 |
Acer E Enabling lagged returns against current returns
Autocorrelation, which is Acer E 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 Acer E's stock expected returns. We can calculate the autocorrelation of Acer E returns to help us make a trade decision. For example, suppose you find that Acer E 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 |
Acer E 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 Acer E stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acer E stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acer E stock over time.
Current vs Lagged Prices |
| Timeline |
Acer E Lagged Returns
When evaluating Acer E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acer E stock have on its future price. Acer E 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, Acer E autocorrelation shows the relationship between Acer E stock current value and its past values and can show if there is a momentum factor associated with investing in Acer E Enabling Service.
Regressed Prices |
| Timeline |
Pair Trading with Acer E
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 Acer E 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 Acer E will appreciate offsetting losses from the drop in the long position's value.Moving together with Acer Stock
Moving against Acer Stock
The ability to find closely correlated positions to Acer E could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acer E 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 Acer E - 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 Acer E Enabling Service to buy it.
The correlation of Acer E 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 Acer E moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acer E Enabling 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 Acer E 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 Acer Stock Analysis
When running Acer E's price analysis, check to measure Acer E'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 Acer E is operating at the current time. Most of Acer E's value examination focuses on studying past and present price action to predict the probability of Acer E's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acer E's price. Additionally, you may evaluate how the addition of Acer E to your portfolios can decrease your overall portfolio volatility.