Nan Ya (Taiwan) Market Value
| 8046 Stock | TWD 120.50 7.50 5.86% |
| Symbol | Nan |
Nan Ya '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 Nan Ya'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 Nan Ya.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nan Ya on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nan Ya Printed or generate 0.0% return on investment in Nan Ya over 30 days. Nan Ya is related to or competes with Unimicron Technology, Kinsus Interconnect, Novatek Microelectronics, Delta Electronics, and Realtek Semiconductor. Nan Ya Printed Circuit Board Corporation manufactures and sells printed circuit boards and IC substrates in Taiwan More
Nan Ya 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 Nan Ya'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 Nan Ya Printed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.42 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 3.66 |
Nan Ya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nan Ya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nan Ya's standard deviation. In reality, there are many statistical measures that can use Nan Ya historical prices to predict the future Nan Ya's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.78) |
Nan Ya Printed Backtested Returns
Nan Ya Printed has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Nan Ya exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nan Ya's Standard Deviation of 2.47, mean deviation of 1.78, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nan Ya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nan Ya is expected to be smaller as well. At this point, Nan Ya Printed has a negative expected return of -0.28%. Please make sure to verify Nan Ya's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Nan Ya Printed performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Nan Ya Printed has very weak reverse predictability. Overlapping area represents the amount of predictability between Nan Ya time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Nan Ya Printed price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Nan Ya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 6.81 |
Nan Ya Printed lagged returns against current returns
Autocorrelation, which is Nan Ya 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 Nan Ya's stock expected returns. We can calculate the autocorrelation of Nan Ya returns to help us make a trade decision. For example, suppose you find that Nan Ya 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 |
Nan Ya 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 Nan Ya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nan Ya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nan Ya stock over time.
Current vs Lagged Prices |
| Timeline |
Nan Ya Lagged Returns
When evaluating Nan Ya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nan Ya stock have on its future price. Nan Ya 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, Nan Ya autocorrelation shows the relationship between Nan Ya stock current value and its past values and can show if there is a momentum factor associated with investing in Nan Ya Printed.
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 Nan Stock Analysis
When running Nan Ya's price analysis, check to measure Nan Ya'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 Nan Ya is operating at the current time. Most of Nan Ya's value examination focuses on studying past and present price action to predict the probability of Nan Ya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nan Ya's price. Additionally, you may evaluate how the addition of Nan Ya to your portfolios can decrease your overall portfolio volatility.