Novatek Microelectronics (Taiwan) Market Value
| 3034 Stock | TWD 539.00 5.00 0.92% |
| Symbol | Novatek |
Novatek Microelectronics '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 Novatek Microelectronics' 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 Novatek Microelectronics.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Novatek Microelectronics on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Novatek Microelectronics Corp or generate 0.0% return on investment in Novatek Microelectronics over 90 days. Novatek Microelectronics is related to or competes with Healthconn Corp, Dimerco Data, Trade Van, Provision Information, AVer Information, Datavan International, and Grand Ocean. Novatek Microelectronics Corp. and its subsidiaries research, develop, manufacture, and sell integrated circuit chips fo... More
Novatek Microelectronics 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 Novatek Microelectronics' 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 Novatek Microelectronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.2166 | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 2.5 |
Novatek Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novatek Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novatek Microelectronics' standard deviation. In reality, there are many statistical measures that can use Novatek Microelectronics historical prices to predict the future Novatek Microelectronics' volatility.| Risk Adjusted Performance | 0.1219 | |||
| Jensen Alpha | 0.1706 | |||
| Total Risk Alpha | 0.3142 | |||
| Sortino Ratio | 0.2469 | |||
| Treynor Ratio | 1.51 |
Novatek Microelectronics Backtested Returns
Novatek Microelectronics appears to be very steady, given 3 months investment horizon. Novatek Microelectronics has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Novatek Microelectronics, which you can use to evaluate the volatility of the firm. Please exercise Novatek Microelectronics' Downside Deviation of 1.09, risk adjusted performance of 0.1219, and Mean Deviation of 0.9273 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Novatek Microelectronics holds a performance score of 13. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Novatek Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Novatek Microelectronics is expected to be smaller as well. Please check Novatek Microelectronics' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Novatek Microelectronics' current price movements will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Novatek Microelectronics Corp has virtually no predictability. Overlapping area represents the amount of predictability between Novatek Microelectronics 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 Novatek Microelectronics price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Novatek Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 20.74 |
Novatek Microelectronics lagged returns against current returns
Autocorrelation, which is Novatek Microelectronics 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 Novatek Microelectronics' stock expected returns. We can calculate the autocorrelation of Novatek Microelectronics returns to help us make a trade decision. For example, suppose you find that Novatek Microelectronics 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 |
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Novatek Microelectronics 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 Novatek Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novatek Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novatek Microelectronics stock over time.
Current vs Lagged Prices |
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Novatek Microelectronics Lagged Returns
When evaluating Novatek Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novatek Microelectronics stock have on its future price. Novatek Microelectronics 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, Novatek Microelectronics autocorrelation shows the relationship between Novatek Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Novatek Microelectronics Corp.
Regressed Prices |
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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 Novatek Stock Analysis
When running Novatek Microelectronics' price analysis, check to measure Novatek Microelectronics' 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 Novatek Microelectronics is operating at the current time. Most of Novatek Microelectronics' value examination focuses on studying past and present price action to predict the probability of Novatek Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatek Microelectronics' price. Additionally, you may evaluate how the addition of Novatek Microelectronics to your portfolios can decrease your overall portfolio volatility.