Auden Techno (Taiwan) Market Value
| 3138 Stock | TWD 106.50 2.50 2.29% |
| Symbol | Auden |
Auden Techno '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 Auden Techno'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 Auden Techno.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Auden Techno on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Auden Techno or generate 0.0% return on investment in Auden Techno over 30 days. Auden Techno is related to or competes with CyberTAN Technology, Merry Electronics, Unizyx Holding, Microelectronics, and Hitron Technologies. Auden Techno Corp. researches, develops, designs, manufactures, and sells various antennas in Taiwan and internationally More
Auden Techno 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 Auden Techno'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 Auden Techno upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.6 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.93 |
Auden Techno Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auden Techno's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auden Techno's standard deviation. In reality, there are many statistical measures that can use Auden Techno historical prices to predict the future Auden Techno's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.22) |
Auden Techno Backtested Returns
Auden Techno secures Sharpe Ratio (or Efficiency) of -0.0605, which signifies that the company had a -0.0605% return per unit of standard deviation over the last 3 months. Auden Techno exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Auden Techno's mean deviation of 1.5, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Auden Techno's returns are expected to increase less than the market. However, during the bear market, the loss of holding Auden Techno is expected to be smaller as well. At this point, Auden Techno has a negative expected return of -0.13%. Please make sure to confirm Auden Techno's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Auden Techno performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Auden Techno has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Auden Techno 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 Auden Techno price movement. The serial correlation of -0.72 indicates that around 72.0% of current Auden Techno price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 4.11 |
Auden Techno lagged returns against current returns
Autocorrelation, which is Auden Techno 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 Auden Techno's stock expected returns. We can calculate the autocorrelation of Auden Techno returns to help us make a trade decision. For example, suppose you find that Auden Techno 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 |
Auden Techno 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 Auden Techno stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auden Techno stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auden Techno stock over time.
Current vs Lagged Prices |
| Timeline |
Auden Techno Lagged Returns
When evaluating Auden Techno's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auden Techno stock have on its future price. Auden Techno 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, Auden Techno autocorrelation shows the relationship between Auden Techno stock current value and its past values and can show if there is a momentum factor associated with investing in Auden Techno.
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 Auden Stock Analysis
When running Auden Techno's price analysis, check to measure Auden Techno'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 Auden Techno is operating at the current time. Most of Auden Techno's value examination focuses on studying past and present price action to predict the probability of Auden Techno's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auden Techno's price. Additionally, you may evaluate how the addition of Auden Techno to your portfolios can decrease your overall portfolio volatility.