Topoint Technology (Taiwan) Market Value
| 8021 Stock | TWD 33.00 0.10 0.30% |
| Symbol | Topoint |
Topoint 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 Topoint 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 Topoint Technology.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Topoint Technology on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Topoint Technology Co or generate 0.0% return on investment in Topoint Technology over 210 days. Topoint Technology is related to or competes with Taiwan Semiconductor, Yang Ming, ASE Industrial, AU Optronics, Innolux Corp, United Microelectronics, and Nan Ya. Topoint Technology Co., Ltd., together with its subsidiaries, manufactures and sells micro-drills, numerically controlle... More
Topoint 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 Topoint 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 Topoint Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 3.74 |
Topoint Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topoint Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topoint Technology's standard deviation. In reality, there are many statistical measures that can use Topoint Technology historical prices to predict the future Topoint Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 1.74 |
Topoint Technology Backtested Returns
Topoint Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0758, which indicates the firm had a -0.0758% return per unit of risk over the last 3 months. Topoint Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topoint Technology's Risk Adjusted Performance of (0.07), variance of 6.07, and Coefficient Of Variation of (1,061) to confirm the risk estimate we provide. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Topoint Technology are expected to decrease at a much lower rate. During the bear market, Topoint Technology is likely to outperform the market. At this point, Topoint Technology has a negative expected return of -0.19%. Please make sure to validate Topoint Technology's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Topoint Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Topoint Technology Co has weak predictability. Overlapping area represents the amount of predictability between Topoint Technology time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Topoint Technology price movement. The serial correlation of 0.21 indicates that over 21.0% of current Topoint Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 4.83 |
Topoint Technology lagged returns against current returns
Autocorrelation, which is Topoint 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 Topoint Technology's stock expected returns. We can calculate the autocorrelation of Topoint Technology returns to help us make a trade decision. For example, suppose you find that Topoint 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 |
Topoint 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 Topoint Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topoint Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topoint Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Topoint Technology Lagged Returns
When evaluating Topoint Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topoint Technology stock have on its future price. Topoint 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, Topoint Technology autocorrelation shows the relationship between Topoint Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Topoint Technology Co.
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 Topoint Stock Analysis
When running Topoint Technology's price analysis, check to measure Topoint 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 Topoint Technology is operating at the current time. Most of Topoint Technology's value examination focuses on studying past and present price action to predict the probability of Topoint 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 Topoint Technology's price. Additionally, you may evaluate how the addition of Topoint Technology to your portfolios can decrease your overall portfolio volatility.