Optimax Technology (Taiwan) Market Value

3051 Stock  TWD 29.45  0.70  2.32%   
Optimax Technology's market value is the price at which a share of Optimax Technology trades on a public exchange. It measures the collective expectations of Optimax Technology Corp investors about its performance. Optimax Technology is selling for under 29.45 as of the 4th of March 2025; that is 2.32% down since the beginning of the trading day. The stock's lowest day price was 29.2.
With this module, you can estimate the performance of a buy and hold strategy of Optimax Technology Corp and determine expected loss or profit from investing in Optimax Technology over a given investment horizon. Check out Optimax Technology Correlation, Optimax Technology Volatility and Optimax Technology Alpha and Beta module to complement your research on Optimax Technology.
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Please note, there is a significant difference between Optimax Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Optimax Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optimax Technology'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.

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.
0.00
03/09/2024
No Change 0.00  0.0 
In 11 months and 26 days
03/04/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
27.5129.4531.39
Details
Intrinsic
Valuation
LowRealHigh
23.8925.8332.40
Details
Naive
Forecast
LowNextHigh
28.5830.5232.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.4531.1933.92
Details

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 Average0.0
Price Variance1.93

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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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.