IBASE Technology (Taiwan) Market Value
| 8050 Stock | TWD 71.20 0.10 0.14% |
| Symbol | IBASE |
IBASE 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 IBASE 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 IBASE Technology.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in IBASE Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding IBASE Technology or generate 0.0% return on investment in IBASE Technology over 30 days. IBASE Technology is related to or competes with Quanta Computer, Wiwynn Corp, Getac Technology, InnoDisk, VIA Labs, IEI Integration, and AAEON Technology. More
IBASE 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 IBASE 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 IBASE Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.15 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 2.31 |
IBASE Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IBASE Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IBASE Technology's standard deviation. In reality, there are many statistical measures that can use IBASE Technology historical prices to predict the future IBASE Technology's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.25) |
IBASE Technology Backtested Returns
IBASE Technology retains Efficiency (Sharpe Ratio) of -0.0281, which attests that the company had a -0.0281% return per unit of return volatility over the last 3 months. IBASE Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IBASE Technology's Market Risk Adjusted Performance of (0.24), coefficient of variation of (86,651), and Standard Deviation of 1.2 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.046, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IBASE Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding IBASE Technology is expected to be smaller as well. At this point, IBASE Technology has a negative expected return of -0.0329%. Please make sure to check out IBASE Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if IBASE Technology performance from the past will be repeated at some future date.
Auto-correlation | 0.17 |
Very weak predictability
IBASE Technology has very weak predictability. Overlapping area represents the amount of predictability between IBASE Technology 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 IBASE Technology price movement. The serial correlation of 0.17 indicates that over 17.0% of current IBASE Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.29 |
IBASE Technology lagged returns against current returns
Autocorrelation, which is IBASE 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 IBASE Technology's stock expected returns. We can calculate the autocorrelation of IBASE Technology returns to help us make a trade decision. For example, suppose you find that IBASE 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 |
IBASE 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 IBASE Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IBASE Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IBASE Technology stock over time.
Current vs Lagged Prices |
| Timeline |
IBASE Technology Lagged Returns
When evaluating IBASE Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IBASE Technology stock have on its future price. IBASE 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, IBASE Technology autocorrelation shows the relationship between IBASE Technology stock current value and its past values and can show if there is a momentum factor associated with investing in IBASE Technology.
Regressed Prices |
| Timeline |
Pair Trading with IBASE Technology
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 IBASE Technology 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 IBASE Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to IBASE Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IBASE Technology 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 IBASE Technology - 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 IBASE Technology to buy it.
The correlation of IBASE Technology 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 IBASE Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IBASE Technology 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 IBASE Technology 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 IBASE Stock Analysis
When running IBASE Technology's price analysis, check to measure IBASE 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 IBASE Technology is operating at the current time. Most of IBASE Technology's value examination focuses on studying past and present price action to predict the probability of IBASE 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 IBASE Technology's price. Additionally, you may evaluate how the addition of IBASE Technology to your portfolios can decrease your overall portfolio volatility.