Inventec Corp (Taiwan) Market Value
| 2356 Stock | TWD 48.95 0.05 0.10% |
| Symbol | Inventec |
Inventec Corp '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 Inventec Corp'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 Inventec Corp.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Inventec Corp on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Inventec Corp or generate 0.0% return on investment in Inventec Corp over 30 days. Inventec Corp is related to or competes with Compal Electronics, Quanta Computer, Wistron Corp, Lite On, and Acer. Inventec Corporation, together with its subsidiaries, engages in developing, manufacturing, processing, and trading of c... More
Inventec Corp 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 Inventec Corp'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 Inventec Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 15.72 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.78 |
Inventec Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inventec Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inventec Corp's standard deviation. In reality, there are many statistical measures that can use Inventec Corp historical prices to predict the future Inventec Corp's volatility.| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.0591 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0017 | |||
| Treynor Ratio | 0.2293 |
Inventec Corp Backtested Returns
Inventec Corp appears to be very steady, given 3 months investment horizon. Inventec Corp holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Inventec Corp, which you can use to evaluate the volatility of the firm. Please utilize Inventec Corp's Downside Deviation of 2.1, risk adjusted performance of 0.0482, and Market Risk Adjusted Performance of 0.2393 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inventec Corp holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inventec Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inventec Corp is expected to be smaller as well. Please check Inventec Corp'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 Inventec Corp's current trending patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Inventec Corp has modest predictability. Overlapping area represents the amount of predictability between Inventec Corp time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Inventec Corp price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Inventec Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Inventec Corp lagged returns against current returns
Autocorrelation, which is Inventec Corp 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 Inventec Corp's stock expected returns. We can calculate the autocorrelation of Inventec Corp returns to help us make a trade decision. For example, suppose you find that Inventec Corp 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 |
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Inventec Corp 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 Inventec Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inventec Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inventec Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Inventec Corp Lagged Returns
When evaluating Inventec Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inventec Corp stock have on its future price. Inventec Corp 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, Inventec Corp autocorrelation shows the relationship between Inventec Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Inventec Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Inventec Stock Analysis
When running Inventec Corp's price analysis, check to measure Inventec Corp'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 Inventec Corp is operating at the current time. Most of Inventec Corp's value examination focuses on studying past and present price action to predict the probability of Inventec Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inventec Corp's price. Additionally, you may evaluate how the addition of Inventec Corp to your portfolios can decrease your overall portfolio volatility.