Min Aik (Taiwan) Market Value
| 3060 Stock | TWD 26.50 1.50 6.00% |
| Symbol | Min |
Min Aik '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 Min Aik'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 Min Aik.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Min Aik on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Min Aik Technology or generate 0.0% return on investment in Min Aik over 90 days. Min Aik is related to or competes with Promise Technology, Spirox Corp, Zinwell, Gigastorage Corp, and Chenming Mold. Min Aik Technology Co., Ltd. engages in hard disk drive related business in Taiwan More
Min Aik 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 Min Aik'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 Min Aik Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.1389 | |||
| Maximum Drawdown | 12.31 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 5.73 |
Min Aik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Min Aik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Min Aik's standard deviation. In reality, there are many statistical measures that can use Min Aik historical prices to predict the future Min Aik's volatility.| Risk Adjusted Performance | 0.0876 | |||
| Jensen Alpha | 0.1868 | |||
| Total Risk Alpha | 0.4697 | |||
| Sortino Ratio | 0.1822 | |||
| Treynor Ratio | (2.52) |
Min Aik Technology Backtested Returns
Min Aik appears to be very steady, given 3 months investment horizon. Min Aik Technology has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Min Aik, which you can use to evaluate the volatility of the firm. Please exercise Min Aik's Mean Deviation of 1.45, risk adjusted performance of 0.0876, and Downside Deviation of 1.67 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Min Aik holds a performance score of 10. The company secures a Beta (Market Risk) of -0.0776, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Min Aik are expected to decrease at a much lower rate. During the bear market, Min Aik is likely to outperform the market. Please check Min Aik's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Min Aik's current price movements will revert.
Auto-correlation | 0.33 |
Below average predictability
Min Aik Technology has below average predictability. Overlapping area represents the amount of predictability between Min Aik time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Min Aik Technology price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Min Aik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Min Aik Technology lagged returns against current returns
Autocorrelation, which is Min Aik 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 Min Aik's stock expected returns. We can calculate the autocorrelation of Min Aik returns to help us make a trade decision. For example, suppose you find that Min Aik 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 |
Min Aik 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 Min Aik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Min Aik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Min Aik stock over time.
Current vs Lagged Prices |
| Timeline |
Min Aik Lagged Returns
When evaluating Min Aik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Min Aik stock have on its future price. Min Aik 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, Min Aik autocorrelation shows the relationship between Min Aik stock current value and its past values and can show if there is a momentum factor associated with investing in Min Aik Technology.
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 Min Stock Analysis
When running Min Aik's price analysis, check to measure Min Aik'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 Min Aik is operating at the current time. Most of Min Aik's value examination focuses on studying past and present price action to predict the probability of Min Aik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Min Aik's price. Additionally, you may evaluate how the addition of Min Aik to your portfolios can decrease your overall portfolio volatility.