Actron Technology (Taiwan) Market Value
| 8255 Stock | TWD 163.00 1.00 0.61% |
| Symbol | Actron |
Actron 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 Actron 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 Actron Technology.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Actron Technology on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Actron Technology or generate 0.0% return on investment in Actron Technology over 360 days. Actron Technology is related to or competes with Hota Industrial, BizLink Holding, Cub Elecparts, Hu Lane, and WIN Semiconductors. More
Actron 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 Actron 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 Actron Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.13 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.08 |
Actron Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Actron Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Actron Technology's standard deviation. In reality, there are many statistical measures that can use Actron Technology historical prices to predict the future Actron Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.22) |
Actron Technology Backtested Returns
Actron Technology secures Sharpe Ratio (or Efficiency) of -0.0343, which signifies that the company had a -0.0343% return per unit of risk over the last 3 months. Actron Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Actron Technology's Mean Deviation of 1.36, standard deviation of 1.84, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Actron Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Actron Technology is expected to be smaller as well. At this point, Actron Technology has a negative expected return of -0.063%. Please make sure to confirm Actron Technology's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Actron Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Actron Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Actron Technology time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Actron Technology price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Actron Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 380.05 |
Actron Technology lagged returns against current returns
Autocorrelation, which is Actron 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 Actron Technology's stock expected returns. We can calculate the autocorrelation of Actron Technology returns to help us make a trade decision. For example, suppose you find that Actron 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 |
Actron 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 Actron Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Actron Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Actron Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Actron Technology Lagged Returns
When evaluating Actron Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Actron Technology stock have on its future price. Actron 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, Actron Technology autocorrelation shows the relationship between Actron Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Actron Technology.
Regressed Prices |
| Timeline |
Pair Trading with Actron 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 Actron 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 Actron Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Actron Stock
The ability to find closely correlated positions to Actron 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 Actron 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 Actron 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 Actron Technology to buy it.
The correlation of Actron 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 Actron Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Actron 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 Actron 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 Actron Stock Analysis
When running Actron Technology's price analysis, check to measure Actron 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 Actron Technology is operating at the current time. Most of Actron Technology's value examination focuses on studying past and present price action to predict the probability of Actron 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 Actron Technology's price. Additionally, you may evaluate how the addition of Actron Technology to your portfolios can decrease your overall portfolio volatility.