CyberTAN Technology (Taiwan) Market Value
| 3062 Stock | TWD 32.00 1.10 3.32% |
| Symbol | CyberTAN |
CyberTAN 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 CyberTAN 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 CyberTAN Technology.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in CyberTAN Technology on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding CyberTAN Technology or generate 0.0% return on investment in CyberTAN Technology over 30 days. CyberTAN Technology is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. CyberTAN Technology, Inc. manufactures and sells broadband and wireless networking equipment for the small-office and ho... More
CyberTAN 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 CyberTAN 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 CyberTAN Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.88 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 7.95 |
CyberTAN Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CyberTAN Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CyberTAN Technology's standard deviation. In reality, there are many statistical measures that can use CyberTAN Technology historical prices to predict the future CyberTAN Technology's volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0314 |
CyberTAN Technology Backtested Returns
CyberTAN Technology secures Sharpe Ratio (or Efficiency) of -0.0564, which signifies that the company had a -0.0564% return per unit of standard deviation over the last 3 months. CyberTAN Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CyberTAN Technology's mean deviation of 2.7, and Risk Adjusted Performance of 0.0207 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.71, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CyberTAN Technology will likely underperform. At this point, CyberTAN Technology has a negative expected return of -0.19%. Please make sure to confirm CyberTAN Technology's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if CyberTAN Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
CyberTAN Technology has below average predictability. Overlapping area represents the amount of predictability between CyberTAN Technology time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 CyberTAN Technology price movement. The serial correlation of 0.39 indicates that just about 39.0% of current CyberTAN Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
CyberTAN Technology lagged returns against current returns
Autocorrelation, which is CyberTAN 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 CyberTAN Technology's stock expected returns. We can calculate the autocorrelation of CyberTAN Technology returns to help us make a trade decision. For example, suppose you find that CyberTAN 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 |
CyberTAN 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 CyberTAN Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CyberTAN Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CyberTAN Technology stock over time.
Current vs Lagged Prices |
| Timeline |
CyberTAN Technology Lagged Returns
When evaluating CyberTAN Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CyberTAN Technology stock have on its future price. CyberTAN 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, CyberTAN Technology autocorrelation shows the relationship between CyberTAN Technology stock current value and its past values and can show if there is a momentum factor associated with investing in CyberTAN 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 CyberTAN Stock Analysis
When running CyberTAN Technology's price analysis, check to measure CyberTAN 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 CyberTAN Technology is operating at the current time. Most of CyberTAN Technology's value examination focuses on studying past and present price action to predict the probability of CyberTAN 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 CyberTAN Technology's price. Additionally, you may evaluate how the addition of CyberTAN Technology to your portfolios can decrease your overall portfolio volatility.