FSP Technology (Taiwan) Market Value
| 3015 Stock | TWD 60.30 0.30 0.50% |
| Symbol | FSP |
FSP 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 FSP 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 FSP Technology.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in FSP Technology on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding FSP Technology or generate 0.0% return on investment in FSP Technology over 390 days. FSP Technology is related to or competes with Yang Ming, Wan Hai, U Ming, Taiwan Navigation, and China Airlines. FSP Technology Inc. manufactures and sells PV power generation and storage systems for households and end users in Taiwa... More
FSP 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 FSP 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 FSP Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.0073 | |||
| Maximum Drawdown | 17.49 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.75 |
FSP Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FSP Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FSP Technology's standard deviation. In reality, there are many statistical measures that can use FSP Technology historical prices to predict the future FSP Technology's volatility.| Risk Adjusted Performance | 0.0411 | |||
| Jensen Alpha | 0.1 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | 0.5462 |
FSP Technology Backtested Returns
At this stage we consider FSP Stock to be very steady. FSP Technology secures Sharpe Ratio (or Efficiency) of 0.0203, which denotes the company had a 0.0203% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for FSP Technology, which you can use to evaluate the volatility of the firm. Please confirm FSP Technology's Mean Deviation of 1.9, downside deviation of 2.59, and Market Risk Adjusted Performance of 0.5562 to check if the risk estimate we provide is consistent with the expected return of 0.0586%. FSP Technology has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, FSP Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding FSP Technology is expected to be smaller as well. FSP Technology currently shows a risk of 2.88%. Please confirm FSP Technology information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if FSP Technology will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
FSP Technology has poor predictability. Overlapping area represents the amount of predictability between FSP Technology time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 FSP Technology price movement. The serial correlation of 0.25 indicates that over 25.0% of current FSP Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 15.37 |
FSP Technology lagged returns against current returns
Autocorrelation, which is FSP 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 FSP Technology's stock expected returns. We can calculate the autocorrelation of FSP Technology returns to help us make a trade decision. For example, suppose you find that FSP 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 |
FSP 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 FSP Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FSP Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FSP Technology stock over time.
Current vs Lagged Prices |
| Timeline |
FSP Technology Lagged Returns
When evaluating FSP Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FSP Technology stock have on its future price. FSP 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, FSP Technology autocorrelation shows the relationship between FSP Technology stock current value and its past values and can show if there is a momentum factor associated with investing in FSP Technology.
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 FSP Stock Analysis
When running FSP Technology's price analysis, check to measure FSP 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 FSP Technology is operating at the current time. Most of FSP Technology's value examination focuses on studying past and present price action to predict the probability of FSP 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 FSP Technology's price. Additionally, you may evaluate how the addition of FSP Technology to your portfolios can decrease your overall portfolio volatility.