Asia Vital (Taiwan) Market Value
| 3017 Stock | TWD 651.00 14.00 2.20% |
| Symbol | Asia |
Asia Vital '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 Asia Vital'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 Asia Vital.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Asia Vital on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Vital Components or generate 0.0% return on investment in Asia Vital over 30 days. Asia Vital is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Asia Vital Components Co., Ltd. provides thermal solutions in Asia, America, South America, and Europe More
Asia Vital 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 Asia Vital'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 Asia Vital Components upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0604 | |||
| Maximum Drawdown | 11.64 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 4.47 |
Asia Vital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Vital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Vital's standard deviation. In reality, there are many statistical measures that can use Asia Vital historical prices to predict the future Asia Vital's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.1832 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | 0.3553 |
Asia Vital Components Backtested Returns
Asia Vital appears to be very steady, given 3 months investment horizon. Asia Vital Components secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Asia Vital Components, which you can use to evaluate the volatility of the firm. Please makes use of Asia Vital's Risk Adjusted Performance of 0.0745, mean deviation of 1.92, and Downside Deviation of 2.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asia Vital holds a performance score of 9. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asia Vital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Vital is expected to be smaller as well. Please check Asia Vital's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Asia Vital's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Asia Vital Components has weak reverse predictability. Overlapping area represents the amount of predictability between Asia Vital time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Asia Vital Components price movement. The serial correlation of -0.25 indicates that over 25.0% of current Asia Vital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 460.88 |
Asia Vital Components lagged returns against current returns
Autocorrelation, which is Asia Vital 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 Asia Vital's stock expected returns. We can calculate the autocorrelation of Asia Vital returns to help us make a trade decision. For example, suppose you find that Asia Vital 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 |
Asia Vital 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 Asia Vital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Vital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Vital stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Vital Lagged Returns
When evaluating Asia Vital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Vital stock have on its future price. Asia Vital 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, Asia Vital autocorrelation shows the relationship between Asia Vital stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Vital Components.
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 Asia Stock Analysis
When running Asia Vital's price analysis, check to measure Asia Vital'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 Asia Vital is operating at the current time. Most of Asia Vital's value examination focuses on studying past and present price action to predict the probability of Asia Vital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Vital's price. Additionally, you may evaluate how the addition of Asia Vital to your portfolios can decrease your overall portfolio volatility.