RDC Semiconductor (Taiwan) Market Value
| 3228 Stock | TWD 215.00 1.50 0.69% |
| Symbol | RDC |
RDC 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 RDC 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 RDC Semiconductor.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in RDC Semiconductor on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding RDC Semiconductor Co or generate 0.0% return on investment in RDC Semiconductor over 90 days. RDC Semiconductor is related to or competes with Asmedia Technology, Amulaire Thermal, Arbor Technology, Yuan High, Microelectronics, Sun Max, and Microtips Technology. RDC Semiconductor Co., Ltd. designs and develops IC for high-end and low power bit microprocessors in Taiwan and interna... More
RDC 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 RDC 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 RDC Semiconductor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.24 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 9.87 |
RDC Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RDC Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RDC Semiconductor's standard deviation. In reality, there are many statistical measures that can use RDC Semiconductor historical prices to predict the future RDC Semiconductor's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 0.1855 |
RDC Semiconductor Backtested Returns
RDC Semiconductor retains Efficiency (Sharpe Ratio) of -0.0467, which implies the firm had a -0.0467% return per unit of risk over the last 3 months. RDC Semiconductor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RDC Semiconductor's coefficient of variation of (3,174), and Market Risk Adjusted Performance of 0.1955 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RDC Semiconductor are expected to decrease at a much lower rate. During the bear market, RDC Semiconductor is likely to outperform the market. At this point, RDC Semiconductor has a negative expected return of -0.15%. Please make sure to check RDC Semiconductor's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if RDC Semiconductor performance from the past will be repeated in the future.
Auto-correlation | 0.21 |
Weak predictability
RDC Semiconductor Co has weak predictability. Overlapping area represents the amount of predictability between RDC Semiconductor time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 RDC Semiconductor price movement. The serial correlation of 0.21 indicates that over 21.0% of current RDC Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 281.36 |
RDC Semiconductor lagged returns against current returns
Autocorrelation, which is RDC 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 RDC Semiconductor's stock expected returns. We can calculate the autocorrelation of RDC Semiconductor returns to help us make a trade decision. For example, suppose you find that RDC 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 |
RDC 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 RDC Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RDC Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RDC Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
RDC Semiconductor Lagged Returns
When evaluating RDC Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RDC Semiconductor stock have on its future price. RDC 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, RDC Semiconductor autocorrelation shows the relationship between RDC Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in RDC Semiconductor Co.
Regressed Prices |
| Timeline |
Pair Trading with RDC Semiconductor
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 RDC Semiconductor 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 RDC Semiconductor will appreciate offsetting losses from the drop in the long position's value.Moving against RDC Stock
The ability to find closely correlated positions to RDC Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RDC Semiconductor 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 RDC Semiconductor - 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 RDC Semiconductor Co to buy it.
The correlation of RDC Semiconductor 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 RDC Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RDC Semiconductor 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 RDC Semiconductor 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.Additional Tools for RDC Stock Analysis
When running RDC Semiconductor's price analysis, check to measure RDC 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 RDC Semiconductor is operating at the current time. Most of RDC Semiconductor's value examination focuses on studying past and present price action to predict the probability of RDC 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 RDC Semiconductor's price. Additionally, you may evaluate how the addition of RDC Semiconductor to your portfolios can decrease your overall portfolio volatility.