Advanced Wireless (Taiwan) Market Value
| 8086 Stock | TWD 99.80 2.20 2.16% |
| Symbol | Advanced |
Advanced Wireless '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 Advanced Wireless' 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 Advanced Wireless.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Advanced Wireless on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Advanced Wireless Semiconductor or generate 0.0% return on investment in Advanced Wireless over 30 days. Advanced Wireless is related to or competes with Global Unichip, Asmedia Technology, Unimicron Technology, and Novatek Microelectronics. Advanced Wireless Semiconductor Company provides foundry services in Taiwan More
Advanced Wireless 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 Advanced Wireless' 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 Advanced Wireless Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.78 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.96 |
Advanced Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Wireless' standard deviation. In reality, there are many statistical measures that can use Advanced Wireless historical prices to predict the future Advanced Wireless' volatility.| Risk Adjusted Performance | 0.0081 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
Advanced Wireless Backtested Returns
Advanced Wireless secures Sharpe Ratio (or Efficiency) of -0.0728, which signifies that the company had a -0.0728% return per unit of risk over the last 3 months. Advanced Wireless Semiconductor exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advanced Wireless' Downside Deviation of 2.4, risk adjusted performance of 0.0081, and Mean Deviation of 1.79 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Advanced Wireless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Advanced Wireless is expected to be smaller as well. At this point, Advanced Wireless has a negative expected return of -0.17%. Please make sure to confirm Advanced Wireless' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Advanced Wireless performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Advanced Wireless Semiconductor has weak predictability. Overlapping area represents the amount of predictability between Advanced Wireless time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Advanced Wireless price movement. The serial correlation of 0.23 indicates that over 23.0% of current Advanced Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 7.34 |
Advanced Wireless lagged returns against current returns
Autocorrelation, which is Advanced Wireless 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 Advanced Wireless' stock expected returns. We can calculate the autocorrelation of Advanced Wireless returns to help us make a trade decision. For example, suppose you find that Advanced Wireless 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 |
Advanced Wireless 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 Advanced Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Wireless Lagged Returns
When evaluating Advanced Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Wireless stock have on its future price. Advanced Wireless 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, Advanced Wireless autocorrelation shows the relationship between Advanced Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Wireless Semiconductor.
Regressed Prices |
| Timeline |
Pair Trading with Advanced Wireless
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 Advanced Wireless 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 Advanced Wireless will appreciate offsetting losses from the drop in the long position's value.Moving together with Advanced Stock
Moving against Advanced Stock
| 0.67 | 2891B | CTBC Financial Holding | PairCorr |
| 0.52 | 2891 | CTBC Financial Holding | PairCorr |
| 0.48 | 3443 | Global Unichip Corp | PairCorr |
| 0.46 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.44 | 2330 | Taiwan Semiconductor | PairCorr |
The ability to find closely correlated positions to Advanced Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Wireless 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 Advanced Wireless - 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 Advanced Wireless Semiconductor to buy it.
The correlation of Advanced Wireless 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 Advanced Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Wireless 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 Advanced Wireless 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 Advanced Stock Analysis
When running Advanced Wireless' price analysis, check to measure Advanced Wireless' 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 Advanced Wireless is operating at the current time. Most of Advanced Wireless' value examination focuses on studying past and present price action to predict the probability of Advanced Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Wireless' price. Additionally, you may evaluate how the addition of Advanced Wireless to your portfolios can decrease your overall portfolio volatility.