Asia Optical (Taiwan) Market Value
| 3019 Stock | TWD 157.00 2.50 1.62% |
| Symbol | Asia |
Asia Optical '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 Optical'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 Optical.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Asia Optical on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Optical Co or generate 0.0% return on investment in Asia Optical over 90 days. Asia Optical is related to or competes with LARGAN Precision, Novatek Microelectronics, Genius Electronic, Catcher Technology, and Unimicron Technology. Asia Optical Co., Inc. manufactures, processes, and sells cameras, riflescopes, photocopier lens, scanner lens, and opti... More
Asia Optical 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 Optical'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 Optical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.1812 | |||
| Maximum Drawdown | 19.74 | |||
| Value At Risk | (5.57) | |||
| Potential Upside | 9.69 |
Asia Optical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Optical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Optical's standard deviation. In reality, there are many statistical measures that can use Asia Optical historical prices to predict the future Asia Optical's volatility.| Risk Adjusted Performance | 0.1446 | |||
| Jensen Alpha | 0.6646 | |||
| Total Risk Alpha | 1.15 | |||
| Sortino Ratio | 0.1927 | |||
| Treynor Ratio | 2.2 |
Asia Optical Backtested Returns
Asia Optical appears to be very steady, given 3 months investment horizon. Asia Optical secures Sharpe Ratio (or Efficiency) of 0.0953, which signifies that the company had a 0.0953 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asia Optical Co, which you can use to evaluate the volatility of the firm. Please makes use of Asia Optical's Mean Deviation of 3.11, risk adjusted performance of 0.1446, and Downside Deviation of 3.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asia Optical holds a performance score of 7. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Optical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Optical is expected to be smaller as well. Please check Asia Optical's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Asia Optical's price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Asia Optical Co has good predictability. Overlapping area represents the amount of predictability between Asia Optical time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 Optical price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Asia Optical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 305.26 |
Asia Optical lagged returns against current returns
Autocorrelation, which is Asia Optical 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 Optical's stock expected returns. We can calculate the autocorrelation of Asia Optical returns to help us make a trade decision. For example, suppose you find that Asia Optical 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 Optical 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 Optical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Optical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Optical stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Optical Lagged Returns
When evaluating Asia Optical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Optical stock have on its future price. Asia Optical 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 Optical autocorrelation shows the relationship between Asia Optical stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Optical 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 Asia Stock Analysis
When running Asia Optical's price analysis, check to measure Asia Optical'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 Optical is operating at the current time. Most of Asia Optical's value examination focuses on studying past and present price action to predict the probability of Asia Optical'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 Optical's price. Additionally, you may evaluate how the addition of Asia Optical to your portfolios can decrease your overall portfolio volatility.