Tripod Technology (Taiwan) Market Value
| 3044 Stock | TWD 195.00 3.00 1.56% |
| Symbol | Tripod |
Tripod 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 Tripod 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 Tripod Technology.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Tripod Technology on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Tripod Technology Corp or generate 0.0% return on investment in Tripod Technology over 720 days. Tripod Technology is related to or competes with Unimicron Technology, Catcher Technology, Compeq Manufacturing, Kinsus Interconnect, and Novatek Microelectronics. Tripod Technology Corporation processes, manufactures and sells printed circuit boards in Taiwan, China, Vietnam, Thaila... More
Tripod 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 Tripod 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 Tripod Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.74 |
Tripod Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tripod Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tripod Technology's standard deviation. In reality, there are many statistical measures that can use Tripod Technology historical prices to predict the future Tripod Technology's volatility.| Risk Adjusted Performance | 0.0063 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.02) |
Tripod Technology Corp Backtested Returns
At this stage we consider Tripod Stock to be very steady. Tripod Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0105, which indicates the firm had a 0.0105% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tripod Technology Corp, which you can use to evaluate the volatility of the company. Please validate Tripod Technology's Semi Deviation of 1.56, risk adjusted performance of 0.0063, and Coefficient Of Variation of 106437.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.0169%. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tripod Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tripod Technology is expected to be smaller as well. Tripod Technology Corp right now has a risk of 1.61%. Please validate Tripod Technology downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Tripod Technology will be following its existing price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Tripod Technology Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Tripod Technology time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Tripod Technology Corp price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Tripod Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 148.97 |
Tripod Technology Corp lagged returns against current returns
Autocorrelation, which is Tripod 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 Tripod Technology's stock expected returns. We can calculate the autocorrelation of Tripod Technology returns to help us make a trade decision. For example, suppose you find that Tripod 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 |
Tripod 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 Tripod Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tripod Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tripod Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Tripod Technology Lagged Returns
When evaluating Tripod Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tripod Technology stock have on its future price. Tripod 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, Tripod Technology autocorrelation shows the relationship between Tripod Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Tripod Technology Corp.
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 Tripod Stock Analysis
When running Tripod Technology's price analysis, check to measure Tripod 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 Tripod Technology is operating at the current time. Most of Tripod Technology's value examination focuses on studying past and present price action to predict the probability of Tripod 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 Tripod Technology's price. Additionally, you may evaluate how the addition of Tripod Technology to your portfolios can decrease your overall portfolio volatility.