AGV Products (Taiwan) Market Value
| 1217 Stock | TWD 11.90 0.05 0.42% |
| Symbol | AGV |
AGV Products '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 AGV Products' 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 AGV Products.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in AGV Products on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding AGV Products Corp or generate 0.0% return on investment in AGV Products over 30 days. AGV Products is related to or competes with Taisun Enterprise, Wei Chuan, Hunya Foods, Chia Hsin, and Hsing Ta. AGV Products Corporation manufactures and sells traditional foods, Chinese foods, beverages, and Chinese desserts More
AGV Products 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 AGV Products' 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 AGV Products Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.23 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 1.27 |
AGV Products Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AGV Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AGV Products' standard deviation. In reality, there are many statistical measures that can use AGV Products historical prices to predict the future AGV Products' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (5.02) |
AGV Products Corp Backtested Returns
AGV Products Corp secures Sharpe Ratio (or Efficiency) of -0.098, which signifies that the company had a -0.098% return per unit of volatility over the last 3 months. AGV Products Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AGV Products' risk adjusted performance of (0.07), and Mean Deviation of 0.4608 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.014, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AGV Products' returns are expected to increase less than the market. However, during the bear market, the loss of holding AGV Products is expected to be smaller as well. At this point, AGV Products Corp has a negative expected return of -0.0643%. Please make sure to confirm AGV Products' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if AGV Products Corp performance from the past will be repeated in the future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
AGV Products Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between AGV Products time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 AGV Products Corp price movement. The serial correlation of -0.15 indicates that less than 15.0% of current AGV Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AGV Products Corp lagged returns against current returns
Autocorrelation, which is AGV Products 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 AGV Products' stock expected returns. We can calculate the autocorrelation of AGV Products returns to help us make a trade decision. For example, suppose you find that AGV Products 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 |
AGV Products 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 AGV Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AGV Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AGV Products stock over time.
Current vs Lagged Prices |
| Timeline |
AGV Products Lagged Returns
When evaluating AGV Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AGV Products stock have on its future price. AGV Products 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, AGV Products autocorrelation shows the relationship between AGV Products stock current value and its past values and can show if there is a momentum factor associated with investing in AGV Products Corp.
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 AGV Stock Analysis
When running AGV Products' price analysis, check to measure AGV Products' 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 AGV Products is operating at the current time. Most of AGV Products' value examination focuses on studying past and present price action to predict the probability of AGV Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AGV Products' price. Additionally, you may evaluate how the addition of AGV Products to your portfolios can decrease your overall portfolio volatility.