Ability Enterprise (Taiwan) Market Value
| 2374 Stock | TWD 47.50 0.30 0.64% |
| Symbol | Ability |
Ability Enterprise '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 Ability Enterprise'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 Ability Enterprise.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Ability Enterprise on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Ability Enterprise Co or generate 0.0% return on investment in Ability Enterprise over 720 days. Ability Enterprise is related to or competes with Tainan Spinning, Chia Her, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Ability Enterprise Co., Ltd. operates as an ODMOEM for optical and image input devices More
Ability Enterprise 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 Ability Enterprise'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 Ability Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 2.84 |
Ability Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ability Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ability Enterprise's standard deviation. In reality, there are many statistical measures that can use Ability Enterprise historical prices to predict the future Ability Enterprise's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.12) |
Ability Enterprise Backtested Returns
At this stage we consider Ability Stock to be very steady. Ability Enterprise secures Sharpe Ratio (or Efficiency) of 0.0317, which signifies that the company had a 0.0317% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Ability Enterprise Co, which you can use to evaluate the volatility of the firm. Please confirm Ability Enterprise's Risk Adjusted Performance of (0.01), mean deviation of 1.69, and Standard Deviation of 2.4 to double-check if the risk estimate we provide is consistent with the expected return of 0.0741%. Ability Enterprise has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ability Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ability Enterprise is expected to be smaller as well. Ability Enterprise right now shows a risk of 2.34%. Please confirm Ability Enterprise mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Ability Enterprise will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
Ability Enterprise Co has weak predictability. Overlapping area represents the amount of predictability between Ability Enterprise time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Ability Enterprise price movement. The serial correlation of 0.23 indicates that over 23.0% of current Ability Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 139.19 |
Ability Enterprise lagged returns against current returns
Autocorrelation, which is Ability Enterprise 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 Ability Enterprise's stock expected returns. We can calculate the autocorrelation of Ability Enterprise returns to help us make a trade decision. For example, suppose you find that Ability Enterprise 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 |
Ability Enterprise 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 Ability Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ability Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ability Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Ability Enterprise Lagged Returns
When evaluating Ability Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ability Enterprise stock have on its future price. Ability Enterprise 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, Ability Enterprise autocorrelation shows the relationship between Ability Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Ability Enterprise 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 Ability Stock Analysis
When running Ability Enterprise's price analysis, check to measure Ability Enterprise'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 Ability Enterprise is operating at the current time. Most of Ability Enterprise's value examination focuses on studying past and present price action to predict the probability of Ability Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ability Enterprise's price. Additionally, you may evaluate how the addition of Ability Enterprise to your portfolios can decrease your overall portfolio volatility.