Macronix International (Taiwan) Market Value
| 2337 Stock | TWD 22.65 1.15 5.35% |
| Symbol | Macronix |
Macronix International '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 Macronix International'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 Macronix International.
| 12/20/2022 |
| 12/09/2024 |
If you would invest 0.00 in Macronix International on December 20, 2022 and sell it all today you would earn a total of 0.00 from holding Macronix International Co or generate 0.0% return on investment in Macronix International over 720 days. Macronix International is related to or competes with Winbond Electronics, United Microelectronics, Mosel Vitelic, VIA Technologies, and Compal Electronics. Macronix International Co., Ltd., an investment holding company, engages in the design, manufacture, and supply of integ... More
Macronix International 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 Macronix International'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 Macronix International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 3.26 |
Macronix International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Macronix International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Macronix International's standard deviation. In reality, there are many statistical measures that can use Macronix International historical prices to predict the future Macronix International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.24) |
Macronix International Backtested Returns
Macronix International has Sharpe Ratio of -0.0475, which conveys that the firm had a -0.0475% return per unit of risk over the last 3 months. Macronix International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Macronix International's Standard Deviation of 2.22, mean deviation of 1.57, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.86, which conveys possible diversification benefits within a given portfolio. Macronix International returns are very sensitive to returns on the market. As the market goes up or down, Macronix International is expected to follow. At this point, Macronix International has a negative expected return of -0.1%. Please make sure to verify Macronix International's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Macronix International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Macronix International Co has good predictability. Overlapping area represents the amount of predictability between Macronix International time series from 20th of December 2022 to 15th of December 2023 and 15th of December 2023 to 9th 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 Macronix International price movement. The serial correlation of 0.72 indicates that around 72.0% of current Macronix International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 5.05 |
Macronix International lagged returns against current returns
Autocorrelation, which is Macronix International 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 Macronix International's stock expected returns. We can calculate the autocorrelation of Macronix International returns to help us make a trade decision. For example, suppose you find that Macronix International 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 |
Macronix International 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 Macronix International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Macronix International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Macronix International stock over time.
Current vs Lagged Prices |
| Timeline |
Macronix International Lagged Returns
When evaluating Macronix International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Macronix International stock have on its future price. Macronix International 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, Macronix International autocorrelation shows the relationship between Macronix International stock current value and its past values and can show if there is a momentum factor associated with investing in Macronix International 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 Macronix Stock Analysis
When running Macronix International's price analysis, check to measure Macronix International'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 Macronix International is operating at the current time. Most of Macronix International's value examination focuses on studying past and present price action to predict the probability of Macronix International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macronix International's price. Additionally, you may evaluate how the addition of Macronix International to your portfolios can decrease your overall portfolio volatility.