Info Tek (Taiwan) Market Value
| 8183 Stock | TWD 39.80 0.60 1.53% |
| Symbol | Info |
Info Tek '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 Info Tek'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 Info Tek.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Info Tek on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Info Tek or generate 0.0% return on investment in Info Tek over 30 days. Info Tek is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, and AU Optronics. More
Info Tek 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 Info Tek'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 Info Tek upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Maximum Drawdown | 19.13 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.45 |
Info Tek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Info Tek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Info Tek's standard deviation. In reality, there are many statistical measures that can use Info Tek historical prices to predict the future Info Tek's volatility.| Risk Adjusted Performance | 0.043 | |||
| Jensen Alpha | 0.0762 | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.3419 |
Info Tek Backtested Returns
At this stage we consider Info Stock to be very steady. Info Tek holds Efficiency (Sharpe) Ratio of 0.0716, which attests that the entity had a 0.0716% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Info Tek, which you can use to evaluate the volatility of the firm. Please check out Info Tek's Downside Deviation of 2.69, market risk adjusted performance of 0.3519, and Risk Adjusted Performance of 0.043 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Info Tek has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Info Tek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Info Tek is expected to be smaller as well. Info Tek right now retains a risk of 2.69%. Please check out Info Tek semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Info Tek will be following its current trending patterns.
Auto-correlation | 0.16 |
Very weak predictability
Info Tek has very weak predictability. Overlapping area represents the amount of predictability between Info Tek time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Info Tek price movement. The serial correlation of 0.16 indicates that over 16.0% of current Info Tek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Info Tek lagged returns against current returns
Autocorrelation, which is Info Tek 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 Info Tek's stock expected returns. We can calculate the autocorrelation of Info Tek returns to help us make a trade decision. For example, suppose you find that Info Tek 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 |
Info Tek 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 Info Tek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Info Tek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Info Tek stock over time.
Current vs Lagged Prices |
| Timeline |
Info Tek Lagged Returns
When evaluating Info Tek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Info Tek stock have on its future price. Info Tek 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, Info Tek autocorrelation shows the relationship between Info Tek stock current value and its past values and can show if there is a momentum factor associated with investing in Info Tek.
Regressed Prices |
| Timeline |
Pair Trading with Info Tek
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 Info Tek 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 Info Tek will appreciate offsetting losses from the drop in the long position's value.Moving together with Info Stock
Moving against Info Stock
The ability to find closely correlated positions to Info Tek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Info Tek 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 Info Tek - 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 Info Tek to buy it.
The correlation of Info Tek 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 Info Tek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Info Tek 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 Info Tek 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 Info Stock Analysis
When running Info Tek's price analysis, check to measure Info Tek'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 Info Tek is operating at the current time. Most of Info Tek's value examination focuses on studying past and present price action to predict the probability of Info Tek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Info Tek's price. Additionally, you may evaluate how the addition of Info Tek to your portfolios can decrease your overall portfolio volatility.