Advantech (Taiwan) Market Value
| 2395 Stock | TWD 362.00 15.00 4.32% |
| Symbol | Advantech |
Advantech '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 Advantech'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 Advantech.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Advantech on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Advantech Co or generate 0.0% return on investment in Advantech over 30 days. Advantech is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Nan Ya, and Chunghwa Telecom. Advantech Co., Ltd. manufactures and sells embedded computing modules, industrial automation products, and applied and i... More
Advantech 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 Advantech'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 Advantech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.98 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.91 |
Advantech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advantech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advantech's standard deviation. In reality, there are many statistical measures that can use Advantech historical prices to predict the future Advantech's volatility.| Risk Adjusted Performance | 0.0364 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0978 |
Advantech Backtested Returns
At this stage we consider Advantech Stock to be very steady. Advantech secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Advantech Co, which you can use to evaluate the volatility of the firm. Please confirm Advantech's Mean Deviation of 1.23, downside deviation of 2.07, and Risk Adjusted Performance of 0.0364 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Advantech has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Advantech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Advantech is expected to be smaller as well. Advantech right now shows a risk of 1.57%. Please confirm Advantech jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Advantech will be following its price patterns.
Auto-correlation | 0.43 |
Average predictability
Advantech Co has average predictability. Overlapping area represents the amount of predictability between Advantech time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 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 Advantech price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Advantech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 76.73 |
Advantech lagged returns against current returns
Autocorrelation, which is Advantech 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 Advantech's stock expected returns. We can calculate the autocorrelation of Advantech returns to help us make a trade decision. For example, suppose you find that Advantech 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 |
Advantech 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 Advantech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advantech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advantech stock over time.
Current vs Lagged Prices |
| Timeline |
Advantech Lagged Returns
When evaluating Advantech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advantech stock have on its future price. Advantech 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, Advantech autocorrelation shows the relationship between Advantech stock current value and its past values and can show if there is a momentum factor associated with investing in Advantech Co.
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 Advantech Stock Analysis
When running Advantech's price analysis, check to measure Advantech'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 Advantech is operating at the current time. Most of Advantech's value examination focuses on studying past and present price action to predict the probability of Advantech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advantech's price. Additionally, you may evaluate how the addition of Advantech to your portfolios can decrease your overall portfolio volatility.