Alpha Microelectronics (Taiwan) Market Value
| 8024 Stock | TWD 12.65 0.25 2.02% |
| Symbol | Alpha |
Alpha Microelectronics '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 Alpha Microelectronics' 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 Alpha Microelectronics.
| 12/16/2025 |
| 01/15/2026 |
If you would invest 0.00 in Alpha Microelectronics on December 16, 2025 and sell it all today you would earn a total of 0.00 from holding Alpha Microelectronics or generate 0.0% return on investment in Alpha Microelectronics over 30 days. Alpha Microelectronics is related to or competes with Polylite Taiwan, Higher Way, TM Technology, Amigo Technology, Clientron Corp, Avid Electronics, and Associated Industries. Alpha Microelectronics Corporation engages in the research, design, development, application, and marketing of integrate... More
Alpha Microelectronics 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 Alpha Microelectronics' 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 Alpha Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.41 |
Alpha Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Microelectronics' standard deviation. In reality, there are many statistical measures that can use Alpha Microelectronics historical prices to predict the future Alpha Microelectronics' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.25) |
Alpha Microelectronics Backtested Returns
Alpha Microelectronics secures Sharpe Ratio (or Efficiency) of -0.0246, which signifies that the company had a -0.0246 % return per unit of risk over the last 3 months. Alpha Microelectronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpha Microelectronics' Standard Deviation of 1.24, risk adjusted performance of (0.03), and Mean Deviation of 0.8856 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alpha Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpha Microelectronics is expected to be smaller as well. At this point, Alpha Microelectronics has a negative expected return of -0.0308%. Please make sure to confirm Alpha Microelectronics' information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Alpha Microelectronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Alpha Microelectronics has modest reverse predictability. Overlapping area represents the amount of predictability between Alpha Microelectronics time series from 16th of December 2025 to 31st of December 2025 and 31st of December 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alpha Microelectronics price movement. The serial correlation of -0.48 indicates that about 48.0% of current Alpha Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Alpha Microelectronics lagged returns against current returns
Autocorrelation, which is Alpha Microelectronics 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 Alpha Microelectronics' stock expected returns. We can calculate the autocorrelation of Alpha Microelectronics returns to help us make a trade decision. For example, suppose you find that Alpha Microelectronics 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 |
Alpha Microelectronics 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 Alpha Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Microelectronics Lagged Returns
When evaluating Alpha Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Microelectronics stock have on its future price. Alpha Microelectronics 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, Alpha Microelectronics autocorrelation shows the relationship between Alpha Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Microelectronics.
Regressed Prices |
| Timeline |
Pair Trading with Alpha Microelectronics
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 Alpha Microelectronics 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 Alpha Microelectronics will appreciate offsetting losses from the drop in the long position's value.Moving against Alpha Stock
| 0.81 | 5274 | Aspeed Technology | PairCorr |
| 0.8 | 3443 | Global Unichip Corp | PairCorr |
| 0.66 | 6770 | Powerchip Semiconductor | PairCorr |
| 0.64 | 2303 | United Microelectronics | PairCorr |
| 0.57 | 2454 | MediaTek | PairCorr |
The ability to find closely correlated positions to Alpha Microelectronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Microelectronics 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 Alpha Microelectronics - 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 Alpha Microelectronics to buy it.
The correlation of Alpha Microelectronics 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 Alpha Microelectronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha Microelectronics 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 Alpha Microelectronics 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 Alpha Stock Analysis
When running Alpha Microelectronics' price analysis, check to measure Alpha Microelectronics' 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 Alpha Microelectronics is operating at the current time. Most of Alpha Microelectronics' value examination focuses on studying past and present price action to predict the probability of Alpha Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alpha Microelectronics' price. Additionally, you may evaluate how the addition of Alpha Microelectronics to your portfolios can decrease your overall portfolio volatility.