Awea Mechantronic (Taiwan) Market Value
| 1530 Stock | TWD 30.25 0.05 0.17% |
| Symbol | Awea |
Awea Mechantronic '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 Awea Mechantronic'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 Awea Mechantronic.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Awea Mechantronic on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Awea Mechantronic Co or generate 0.0% return on investment in Awea Mechantronic over 30 days. Awea Mechantronic is related to or competes with Yang Ming, Wan Hai, U Ming, Taiwan Navigation, and China Airlines. Awea Mechantronic Co., Ltd. researches, designs, manufactures, assembles, tests, monitors, sells, and services various C... More
Awea Mechantronic 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 Awea Mechantronic'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 Awea Mechantronic Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.24 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.28 |
Awea Mechantronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Awea Mechantronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Awea Mechantronic's standard deviation. In reality, there are many statistical measures that can use Awea Mechantronic historical prices to predict the future Awea Mechantronic's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.6548 |
Awea Mechantronic Backtested Returns
Awea Mechantronic secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Awea Mechantronic Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Awea Mechantronic's risk adjusted performance of (0.06), and Mean Deviation of 1.25 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Awea Mechantronic are expected to decrease at a much lower rate. During the bear market, Awea Mechantronic is likely to outperform the market. At this point, Awea Mechantronic has a negative expected return of -0.19%. Please make sure to confirm Awea Mechantronic's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Awea Mechantronic performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Awea Mechantronic Co has poor reverse predictability. Overlapping area represents the amount of predictability between Awea Mechantronic time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Awea Mechantronic price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Awea Mechantronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Awea Mechantronic lagged returns against current returns
Autocorrelation, which is Awea Mechantronic 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 Awea Mechantronic's stock expected returns. We can calculate the autocorrelation of Awea Mechantronic returns to help us make a trade decision. For example, suppose you find that Awea Mechantronic 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 |
Awea Mechantronic 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 Awea Mechantronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Awea Mechantronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Awea Mechantronic stock over time.
Current vs Lagged Prices |
| Timeline |
Awea Mechantronic Lagged Returns
When evaluating Awea Mechantronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Awea Mechantronic stock have on its future price. Awea Mechantronic 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, Awea Mechantronic autocorrelation shows the relationship between Awea Mechantronic stock current value and its past values and can show if there is a momentum factor associated with investing in Awea Mechantronic Co.
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 Awea Stock Analysis
When running Awea Mechantronic's price analysis, check to measure Awea Mechantronic'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 Awea Mechantronic is operating at the current time. Most of Awea Mechantronic's value examination focuses on studying past and present price action to predict the probability of Awea Mechantronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Awea Mechantronic's price. Additionally, you may evaluate how the addition of Awea Mechantronic to your portfolios can decrease your overall portfolio volatility.