Optimax Technology (Taiwan) Market Value
| 3051 Stock | TWD 29.45 0.70 2.32% |
| Symbol | Optimax |
Optimax 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 Optimax 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 Optimax Technology.
| 03/09/2024 |
| 03/04/2025 |
If you would invest 0.00 in Optimax Technology on March 9, 2024 and sell it all today you would earn a total of 0.00 from holding Optimax Technology Corp or generate 0.0% return on investment in Optimax Technology over 360 days. Optimax Technology is related to or competes with Asia Optical, Novatek Microelectronics, AU Optronics, HannsTouch Solution, and Hannstar Display. Optimax Technology Corporation manufactures and sells polarizers for liquid crystal display manufacturers More
Optimax 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 Optimax 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 Optimax Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.01 |
Optimax Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optimax Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optimax Technology's standard deviation. In reality, there are many statistical measures that can use Optimax Technology historical prices to predict the future Optimax Technology's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0517 | |||
| Treynor Ratio | 0.2241 |
Optimax Technology Corp Backtested Returns
Optimax Technology Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0695, which implies the firm had a -0.0695 % return per unit of risk over the last 3 months. Optimax Technology Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optimax Technology's Risk Adjusted Performance of (0.03), coefficient of variation of (2,087), and Variance of 3.49 to confirm the risk estimate we provide. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Optimax Technology are expected to decrease at a much lower rate. During the bear market, Optimax Technology is likely to outperform the market. At this point, Optimax Technology Corp has a negative expected return of -0.14%. Please make sure to check Optimax Technology's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Optimax Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Optimax Technology Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Optimax Technology time series from 9th of March 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Optimax Technology Corp price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Optimax Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Optimax Technology Corp lagged returns against current returns
Autocorrelation, which is Optimax 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 Optimax Technology's stock expected returns. We can calculate the autocorrelation of Optimax Technology returns to help us make a trade decision. For example, suppose you find that Optimax 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 |
Optimax 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 Optimax Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optimax Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optimax Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Optimax Technology Lagged Returns
When evaluating Optimax Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optimax Technology stock have on its future price. Optimax 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, Optimax Technology autocorrelation shows the relationship between Optimax Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Optimax 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 Optimax Stock Analysis
When running Optimax Technology's price analysis, check to measure Optimax 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 Optimax Technology is operating at the current time. Most of Optimax Technology's value examination focuses on studying past and present price action to predict the probability of Optimax 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 Optimax Technology's price. Additionally, you may evaluate how the addition of Optimax Technology to your portfolios can decrease your overall portfolio volatility.