Altek Corp (Taiwan) Market Value
| 3059 Stock | TWD 31.00 0.65 2.05% |
| Symbol | Altek |
Altek Corp '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 Altek Corp'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 Altek Corp.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Altek Corp on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Altek Corp or generate 0.0% return on investment in Altek Corp over 90 days. Altek Corp is related to or competes with Ability Enterprise, Sunplus Technology, ALi Corp, Edom Technology, and Amtran Technology. Altek Corporation engages in the development, manufacture, and sale of digital image technology application products More
Altek Corp 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 Altek Corp'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 Altek Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 5.37 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.17 |
Altek Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altek Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altek Corp's standard deviation. In reality, there are many statistical measures that can use Altek Corp historical prices to predict the future Altek Corp's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.85) |
Altek Corp Backtested Returns
Altek Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Altek Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altek Corp's Risk Adjusted Performance of (0.11), mean deviation of 1.01, and Standard Deviation of 1.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altek Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altek Corp is expected to be smaller as well. At this point, Altek Corp has a negative expected return of -0.16%. Please make sure to confirm Altek Corp's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Altek Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Altek Corp has average predictability. Overlapping area represents the amount of predictability between Altek Corp time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Altek Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Altek Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Altek Corp lagged returns against current returns
Autocorrelation, which is Altek Corp 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 Altek Corp's stock expected returns. We can calculate the autocorrelation of Altek Corp returns to help us make a trade decision. For example, suppose you find that Altek Corp 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 |
Altek Corp 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 Altek Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altek Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altek Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Altek Corp Lagged Returns
When evaluating Altek Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altek Corp stock have on its future price. Altek Corp 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, Altek Corp autocorrelation shows the relationship between Altek Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Altek 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 Altek Stock Analysis
When running Altek Corp's price analysis, check to measure Altek Corp'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 Altek Corp is operating at the current time. Most of Altek Corp's value examination focuses on studying past and present price action to predict the probability of Altek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altek Corp's price. Additionally, you may evaluate how the addition of Altek Corp to your portfolios can decrease your overall portfolio volatility.