Advanced Power (Taiwan) Market Value
| 8261 Stock | TWD 95.90 1.10 1.16% |
| Symbol | Advanced |
Advanced Power '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 Power'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 Advanced Power.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Advanced Power on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Advanced Power Electronics or generate 0.0% return on investment in Advanced Power over 720 days. Advanced Power is related to or competes with Pan Jit, Global Mixed, Sitronix Technology, Nuvoton Technology, and Kinsus Interconnect. Advanced Power Electronics Co., Ltd. designs, manufactures, and sells electronic elements, integrated circuits, and semi... More
Advanced Power 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 Power'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 Advanced Power Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.1064 | |||
| Maximum Drawdown | 13.54 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.98 |
Advanced Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Power's standard deviation. In reality, there are many statistical measures that can use Advanced Power historical prices to predict the future Advanced Power's volatility.| Risk Adjusted Performance | 0.1329 | |||
| Jensen Alpha | 0.349 | |||
| Total Risk Alpha | 0.0061 | |||
| Sortino Ratio | 0.1113 | |||
| Treynor Ratio | 4.14 |
Advanced Power Elect Backtested Returns
Advanced Power appears to be very steady, given 3 months investment horizon. Advanced Power Elect secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Advanced Power Electronics, which you can use to evaluate the volatility of the firm. Please makes use of Advanced Power's Risk Adjusted Performance of 0.1329, downside deviation of 2.14, and Mean Deviation of 1.54 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Power holds a performance score of 12. The firm shows a Beta (market volatility) of 0.0868, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Advanced Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Advanced Power is expected to be smaller as well. Please check Advanced Power's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Advanced Power's price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Advanced Power Electronics has good predictability. Overlapping area represents the amount of predictability between Advanced Power time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Power Elect price movement. The serial correlation of 0.66 indicates that around 66.0% of current Advanced Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 51.96 |
Advanced Power Elect lagged returns against current returns
Autocorrelation, which is Advanced Power 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 Power's stock expected returns. We can calculate the autocorrelation of Advanced Power returns to help us make a trade decision. For example, suppose you find that Advanced Power 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 Power 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 Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Power stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Power Lagged Returns
When evaluating Advanced Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Power stock have on its future price. Advanced Power 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 Power autocorrelation shows the relationship between Advanced Power stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Power Electronics.
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 Advanced Stock Analysis
When running Advanced Power's price analysis, check to measure Advanced Power'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 Advanced Power is operating at the current time. Most of Advanced Power's value examination focuses on studying past and present price action to predict the probability of Advanced Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Power's price. Additionally, you may evaluate how the addition of Advanced Power to your portfolios can decrease your overall portfolio volatility.