VIA Technologies (Taiwan) Market Value
| 2388 Stock | TWD 108.50 1.00 0.93% |
| Symbol | VIA |
VIA Technologies '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 VIA Technologies' 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 VIA Technologies.
| 11/07/2024 |
| 12/07/2024 |
If you would invest 0.00 in VIA Technologies on November 7, 2024 and sell it all today you would earn a total of 0.00 from holding VIA Technologies or generate 0.0% return on investment in VIA Technologies over 30 days. VIA Technologies is related to or competes with United Microelectronics, Silicon Integrated, Winbond Electronics, Macronix International, and Realtek Semiconductor. VIA Technologies, Inc. develops integrated embedded platform and system solutions for artificial intelligence , Internet... More
VIA Technologies 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 VIA Technologies' 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 VIA Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.78 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 5.64 |
VIA Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VIA Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VIA Technologies' standard deviation. In reality, there are many statistical measures that can use VIA Technologies historical prices to predict the future VIA Technologies' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.27) |
VIA Technologies Backtested Returns
VIA Technologies retains Efficiency (Sharpe Ratio) of -0.055, which indicates the firm had a -0.055% return per unit of volatility over the last 3 months. VIA Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VIA Technologies' risk adjusted performance of (0.02), and Standard Deviation of 3.26 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VIA Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding VIA Technologies is expected to be smaller as well. At this point, VIA Technologies has a negative expected return of -0.18%. Please make sure to validate VIA Technologies' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if VIA Technologies performance from the past will be repeated in the future.
Auto-correlation | 0.05 |
Virtually no predictability
VIA Technologies has virtually no predictability. Overlapping area represents the amount of predictability between VIA Technologies time series from 7th of November 2024 to 22nd of November 2024 and 22nd of November 2024 to 7th 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 VIA Technologies price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current VIA Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 7.09 |
VIA Technologies lagged returns against current returns
Autocorrelation, which is VIA Technologies 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 VIA Technologies' stock expected returns. We can calculate the autocorrelation of VIA Technologies returns to help us make a trade decision. For example, suppose you find that VIA Technologies 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 |
VIA Technologies 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 VIA Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VIA Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VIA Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
VIA Technologies Lagged Returns
When evaluating VIA Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VIA Technologies stock have on its future price. VIA Technologies 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, VIA Technologies autocorrelation shows the relationship between VIA Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in VIA Technologies.
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 VIA Stock Analysis
When running VIA Technologies' price analysis, check to measure VIA Technologies' 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 VIA Technologies is operating at the current time. Most of VIA Technologies' value examination focuses on studying past and present price action to predict the probability of VIA Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VIA Technologies' price. Additionally, you may evaluate how the addition of VIA Technologies to your portfolios can decrease your overall portfolio volatility.