Nanya Technology (Taiwan) Market Value
| 2408 Stock | TWD 29.40 1.50 4.85% |
| Symbol | Nanya |
Nanya Technology '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 Nanya Technology'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 Nanya Technology.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Nanya Technology on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Nanya Technology Corp or generate 0.0% return on investment in Nanya Technology over 30 days. Nanya Technology is related to or competes with Winbond Electronics, AU Optronics, Macronix International, United Microelectronics, and Quanta Computer. Nanya Technology Corporation manufactures and sells dynamic random access memory and other memory products in Taiwan and... More
Nanya Technology 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 Nanya Technology'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 Nanya Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 9.67 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.06 |
Nanya Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanya Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanya Technology's standard deviation. In reality, there are many statistical measures that can use Nanya Technology historical prices to predict the future Nanya Technology's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.86) |
Nanya Technology Corp Backtested Returns
Nanya Technology Corp has Sharpe Ratio of -0.36, which conveys that the firm had a -0.36% return per unit of risk over the last 3 months. Nanya Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nanya Technology's Risk Adjusted Performance of (0.22), mean deviation of 1.59, and Standard Deviation of 2.01 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.74, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nanya Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanya Technology is expected to be smaller as well. At this point, Nanya Technology Corp has a negative expected return of -0.71%. Please make sure to verify Nanya Technology's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Nanya Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.91 |
Excellent predictability
Nanya Technology Corp has excellent predictability. Overlapping area represents the amount of predictability between Nanya Technology time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Nanya Technology Corp price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Nanya Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1.81 |
Nanya Technology Corp lagged returns against current returns
Autocorrelation, which is Nanya Technology 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 Nanya Technology's stock expected returns. We can calculate the autocorrelation of Nanya Technology returns to help us make a trade decision. For example, suppose you find that Nanya Technology 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 |
Nanya Technology 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 Nanya Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanya Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanya Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Nanya Technology Lagged Returns
When evaluating Nanya Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanya Technology stock have on its future price. Nanya Technology 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, Nanya Technology autocorrelation shows the relationship between Nanya Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Nanya Technology Corp.
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 Nanya Stock Analysis
When running Nanya Technology's price analysis, check to measure Nanya Technology'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 Nanya Technology is operating at the current time. Most of Nanya Technology's value examination focuses on studying past and present price action to predict the probability of Nanya Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanya Technology's price. Additionally, you may evaluate how the addition of Nanya Technology to your portfolios can decrease your overall portfolio volatility.