Asia Optical (Taiwan) Market Value

3019 Stock  TWD 157.00  2.50  1.62%   
Asia Optical's market value is the price at which a share of Asia Optical trades on a public exchange. It measures the collective expectations of Asia Optical Co investors about its performance. Asia Optical is selling for under 157.00 as of the 15th of March 2025; that is 1.62 percent increase since the beginning of the trading day. The stock's lowest day price was 150.0.
With this module, you can estimate the performance of a buy and hold strategy of Asia Optical Co and determine expected loss or profit from investing in Asia Optical over a given investment horizon. Check out Asia Optical Correlation, Asia Optical Volatility and Asia Optical Alpha and Beta module to complement your research on Asia Optical.
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Please note, there is a significant difference between Asia Optical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asia Optical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asia Optical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Asia Optical on December 15, 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.

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.
Hype
Prediction
LowEstimatedHigh
152.86157.00161.14
Details
Intrinsic
Valuation
LowRealHigh
148.15152.29172.70
Details
Naive
Forecast
LowNextHigh
129.47133.61137.75
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
135.53170.97206.41
Details

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 Downside Deviation of 3.85, mean deviation of 3.11, and Risk Adjusted Performance of 0.1446 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 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Coefficient0.6
Spearman Rank Test-0.09
Residual Average0.0
Price Variance305.26

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  

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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.