ABC Taiwan (Taiwan) Market Value
| 3236 Stock | TWD 21.05 0.20 0.94% |
| Symbol | ABC |
ABC Taiwan '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 ABC Taiwan'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 ABC Taiwan.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in ABC Taiwan on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding ABC Taiwan Electronics or generate 0.0% return on investment in ABC Taiwan over 180 days. ABC Taiwan is related to or competes with Johnson Chemical, Jinan Acetate, Shiny Chemical, Shinkong Synthetic, Feng Hsin, Yieh United, and Chun Yuan. ABC Taiwan Electronics Corp. engages in the research, development, production, and sale of electronic components worldwi... More
ABC Taiwan 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 ABC Taiwan'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 ABC Taiwan Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0201 | |||
| Maximum Drawdown | 12.77 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.27 |
ABC Taiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABC Taiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABC Taiwan's standard deviation. In reality, there are many statistical measures that can use ABC Taiwan historical prices to predict the future ABC Taiwan's volatility.| Risk Adjusted Performance | 0.0635 | |||
| Jensen Alpha | 0.1299 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0172 | |||
| Treynor Ratio | (1.80) |
ABC Taiwan Electronics Backtested Returns
At this stage we consider ABC Stock to be very steady. ABC Taiwan Electronics retains Efficiency (Sharpe Ratio) of 0.063, which signifies that the company had a 0.063% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ABC Taiwan, which you can use to evaluate the volatility of the entity. Please confirm ABC Taiwan's market risk adjusted performance of (1.79), and Coefficient Of Variation of 1254.34 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. ABC Taiwan has a performance score of 4 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0687, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ABC Taiwan are expected to decrease at a much lower rate. During the bear market, ABC Taiwan is likely to outperform the market. ABC Taiwan Electronics at this moment owns a risk of 1.71%. Please confirm ABC Taiwan Electronics downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if ABC Taiwan Electronics will be following its current price history.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
ABC Taiwan Electronics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ABC Taiwan time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 ABC Taiwan Electronics price movement. The serial correlation of -0.72 indicates that around 72.0% of current ABC Taiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
ABC Taiwan Electronics lagged returns against current returns
Autocorrelation, which is ABC Taiwan 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 ABC Taiwan's stock expected returns. We can calculate the autocorrelation of ABC Taiwan returns to help us make a trade decision. For example, suppose you find that ABC Taiwan 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 |
ABC Taiwan 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 ABC Taiwan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABC Taiwan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABC Taiwan stock over time.
Current vs Lagged Prices |
| Timeline |
ABC Taiwan Lagged Returns
When evaluating ABC Taiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABC Taiwan stock have on its future price. ABC Taiwan 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, ABC Taiwan autocorrelation shows the relationship between ABC Taiwan stock current value and its past values and can show if there is a momentum factor associated with investing in ABC Taiwan Electronics.
Regressed Prices |
| Timeline |
Pair Trading with ABC Taiwan
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 ABC Taiwan 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 ABC Taiwan will appreciate offsetting losses from the drop in the long position's value.Moving against ABC Stock
| 0.78 | 6291 | Analog Integrations | PairCorr |
| 0.71 | 2327 | Yageo Corp | PairCorr |
| 0.68 | 4938 | Pegatron Corp | PairCorr |
| 0.58 | 2409 | AU Optronics | PairCorr |
| 0.57 | 5274 | Aspeed Technology | PairCorr |
The ability to find closely correlated positions to ABC Taiwan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABC Taiwan 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 ABC Taiwan - 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 ABC Taiwan Electronics to buy it.
The correlation of ABC Taiwan 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 ABC Taiwan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABC Taiwan Electronics 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 ABC Taiwan 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 ABC Stock Analysis
When running ABC Taiwan's price analysis, check to measure ABC Taiwan'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 ABC Taiwan is operating at the current time. Most of ABC Taiwan's value examination focuses on studying past and present price action to predict the probability of ABC Taiwan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABC Taiwan's price. Additionally, you may evaluate how the addition of ABC Taiwan to your portfolios can decrease your overall portfolio volatility.