Davicom Semiconductor (Taiwan) Market Value
| 3094 Stock | TWD 30.35 0.95 3.23% |
| Symbol | Davicom |
Davicom Semiconductor '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 Davicom Semiconductor'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 Davicom Semiconductor.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Davicom Semiconductor on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Davicom Semiconductor or generate 0.0% return on investment in Davicom Semiconductor over 30 days. Davicom Semiconductor is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Nan Ya, and Chunghwa Telecom. Davicom Semiconductor, Inc. engages in the research, development, manufacture, and sale of communication network integra... More
Davicom Semiconductor 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 Davicom Semiconductor'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 Davicom Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.12 |
Davicom Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Davicom Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Davicom Semiconductor's standard deviation. In reality, there are many statistical measures that can use Davicom Semiconductor historical prices to predict the future Davicom Semiconductor's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.50) |
Davicom Semiconductor Backtested Returns
At this stage we consider Davicom Stock to be very steady. Davicom Semiconductor secures Sharpe Ratio (or Efficiency) of 0.0075, which denotes the company had a 0.0075% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Davicom Semiconductor, which you can use to evaluate the volatility of the firm. Please confirm Davicom Semiconductor's Variance of 4.59, standard deviation of 2.14, and Mean Deviation of 1.52 to check if the risk estimate we provide is consistent with the expected return of 0.0158%. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Davicom Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Davicom Semiconductor is expected to be smaller as well. Davicom Semiconductor right now shows a risk of 2.09%. Please confirm Davicom Semiconductor value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Davicom Semiconductor will be following its price patterns.
Auto-correlation | 0.31 |
Below average predictability
Davicom Semiconductor has below average predictability. Overlapping area represents the amount of predictability between Davicom Semiconductor time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Davicom Semiconductor price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Davicom Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Davicom Semiconductor lagged returns against current returns
Autocorrelation, which is Davicom Semiconductor 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 Davicom Semiconductor's stock expected returns. We can calculate the autocorrelation of Davicom Semiconductor returns to help us make a trade decision. For example, suppose you find that Davicom Semiconductor 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 |
Davicom Semiconductor 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 Davicom Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Davicom Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Davicom Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Davicom Semiconductor Lagged Returns
When evaluating Davicom Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Davicom Semiconductor stock have on its future price. Davicom Semiconductor 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, Davicom Semiconductor autocorrelation shows the relationship between Davicom Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Davicom Semiconductor.
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 Davicom Stock Analysis
When running Davicom Semiconductor's price analysis, check to measure Davicom Semiconductor'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 Davicom Semiconductor is operating at the current time. Most of Davicom Semiconductor's value examination focuses on studying past and present price action to predict the probability of Davicom Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Davicom Semiconductor's price. Additionally, you may evaluate how the addition of Davicom Semiconductor to your portfolios can decrease your overall portfolio volatility.