Jetwell Computer (Taiwan) Market Value

3147 Stock  TWD 156.50  2.50  1.62%   
Jetwell Computer's market value is the price at which a share of Jetwell Computer trades on a public exchange. It measures the collective expectations of Jetwell Computer Co investors about its performance. Jetwell Computer is selling for under 156.50 as of the 12th of December 2024; that is 1.62 percent increase since the beginning of the trading day. The stock's lowest day price was 152.0.
With this module, you can estimate the performance of a buy and hold strategy of Jetwell Computer Co and determine expected loss or profit from investing in Jetwell Computer over a given investment horizon. Check out Jetwell Computer Correlation, Jetwell Computer Volatility and Jetwell Computer Alpha and Beta module to complement your research on Jetwell Computer.
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Please note, there is a significant difference between Jetwell Computer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jetwell Computer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jetwell Computer's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Jetwell Computer '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 Jetwell Computer'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 Jetwell Computer.
0.00
10/13/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/12/2024
0.00
If you would invest  0.00  in Jetwell Computer on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Jetwell Computer Co or generate 0.0% return on investment in Jetwell Computer over 60 days. Jetwell Computer is related to or competes with Wistron Information, Genesis Technology, Syscom Computer, and Tatung System. More

Jetwell Computer 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 Jetwell Computer'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 Jetwell Computer Co upside and downside potential and time the market with a certain degree of confidence.

Jetwell Computer Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Jetwell Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jetwell Computer's standard deviation. In reality, there are many statistical measures that can use Jetwell Computer historical prices to predict the future Jetwell Computer's volatility.
Hype
Prediction
LowEstimatedHigh
153.86156.50159.14
Details
Intrinsic
Valuation
LowRealHigh
121.09123.73172.15
Details

Jetwell Computer Backtested Returns

Jetwell Computer holds Efficiency (Sharpe) Ratio of -0.0244, which attests that the entity had a -0.0244% return per unit of risk over the last 3 months. Jetwell Computer exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jetwell Computer's Market Risk Adjusted Performance of 0.0378, downside deviation of 2.26, and Risk Adjusted Performance of 0.0128 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jetwell Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jetwell Computer is expected to be smaller as well. At this point, Jetwell Computer has a negative expected return of -0.0644%. Please make sure to check out Jetwell Computer's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Jetwell Computer performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.48  

Modest reverse predictability

Jetwell Computer Co has modest reverse predictability. Overlapping area represents the amount of predictability between Jetwell Computer time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Jetwell Computer price movement. The serial correlation of -0.48 indicates that about 48.0% of current Jetwell Computer price fluctuation can be explain by its past prices.
Correlation Coefficient-0.48
Spearman Rank Test-0.3
Residual Average0.0
Price Variance28.58

Jetwell Computer lagged returns against current returns

Autocorrelation, which is Jetwell Computer 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 Jetwell Computer's stock expected returns. We can calculate the autocorrelation of Jetwell Computer returns to help us make a trade decision. For example, suppose you find that Jetwell Computer 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  

Jetwell Computer 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 Jetwell Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jetwell Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jetwell Computer stock over time.
   Current vs Lagged Prices   
       Timeline  

Jetwell Computer Lagged Returns

When evaluating Jetwell Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jetwell Computer stock have on its future price. Jetwell Computer 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, Jetwell Computer autocorrelation shows the relationship between Jetwell Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Jetwell Computer Co.
   Regressed Prices   
       Timeline  

Pair Trading with Jetwell Computer

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Jetwell Computer position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jetwell Computer will appreciate offsetting losses from the drop in the long position's value.

Moving against Jetwell Stock

  0.710050 YuantaP shares TaiwanPairCorr
  0.686763 Green World FintechPairCorr
  0.661449 Chia Her Industrial SplitPairCorr
  0.610057 Fubon MSCI TaiwanPairCorr
  0.528099 Tatung System TechnoPairCorr
The ability to find closely correlated positions to Jetwell Computer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jetwell Computer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jetwell Computer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jetwell Computer Co to buy it.
The correlation of Jetwell Computer is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jetwell Computer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jetwell Computer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Jetwell Computer can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Jetwell Stock Analysis

When running Jetwell Computer's price analysis, check to measure Jetwell Computer'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 Jetwell Computer is operating at the current time. Most of Jetwell Computer's value examination focuses on studying past and present price action to predict the probability of Jetwell Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jetwell Computer's price. Additionally, you may evaluate how the addition of Jetwell Computer to your portfolios can decrease your overall portfolio volatility.