Global Mixed (Taiwan) Market Value
| 8081 Stock | TWD 224.00 0.50 0.22% |
| Symbol | Global |
Global Mixed '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 Global Mixed'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 Global Mixed.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Global Mixed on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Global Mixed Mode Technology or generate 0.0% return on investment in Global Mixed over 30 days. Global Mixed is related to or competes with Sitronix Technology, Novatek Microelectronics, Global Unichip, Holtek Semiconductor, and Realtek Semiconductor. Global Mixed-Mode Technology Inc. provides analog IC solutions in Taiwan and internationally More
Global Mixed 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 Global Mixed'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 Global Mixed Mode Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.38 |
Global Mixed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Mixed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Mixed's standard deviation. In reality, there are many statistical measures that can use Global Mixed historical prices to predict the future Global Mixed's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.16) |
Global Mixed Mode Backtested Returns
Global Mixed Mode holds Efficiency (Sharpe) Ratio of -0.0126, which attests that the entity had a -0.0126% return per unit of risk over the last 3 months. Global Mixed Mode exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Mixed's insignificant Risk Adjusted Performance, standard deviation of 1.55, and Market Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Mixed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Mixed is expected to be smaller as well. At this point, Global Mixed Mode has a negative expected return of -0.0196%. Please make sure to check out Global Mixed's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Global Mixed Mode performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Global Mixed Mode Technology has virtually no predictability. Overlapping area represents the amount of predictability between Global Mixed 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 Global Mixed Mode price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Global Mixed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 9.34 |
Global Mixed Mode lagged returns against current returns
Autocorrelation, which is Global Mixed 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 Global Mixed's stock expected returns. We can calculate the autocorrelation of Global Mixed returns to help us make a trade decision. For example, suppose you find that Global Mixed 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 |
Global Mixed 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 Global Mixed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Mixed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Mixed stock over time.
Current vs Lagged Prices |
| Timeline |
Global Mixed Lagged Returns
When evaluating Global Mixed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Mixed stock have on its future price. Global Mixed 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, Global Mixed autocorrelation shows the relationship between Global Mixed stock current value and its past values and can show if there is a momentum factor associated with investing in Global Mixed Mode Technology.
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 Global Stock Analysis
When running Global Mixed's price analysis, check to measure Global Mixed'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 Global Mixed is operating at the current time. Most of Global Mixed's value examination focuses on studying past and present price action to predict the probability of Global Mixed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Mixed's price. Additionally, you may evaluate how the addition of Global Mixed to your portfolios can decrease your overall portfolio volatility.