Adata Technology (Taiwan) Market Value
| 3260 Stock | TWD 81.50 1.30 1.57% |
| Symbol | Adata |
Adata Technology '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 Adata Technology'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 Adata Technology.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Adata Technology on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Adata Technology Co or generate 0.0% return on investment in Adata Technology over 30 days. Adata Technology is related to or competes with Transcend Information, Phison Electronics, Nanya Technology, Innolux Corp, and Powertech Technology. ADATA Technology Co., Ltd. designs, manufactures, and sells memory and storage solutions More
Adata Technology 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 Adata Technology'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 Adata Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.46 |
Adata Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adata Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adata Technology's standard deviation. In reality, there are many statistical measures that can use Adata Technology historical prices to predict the future Adata Technology's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.38) |
Adata Technology Backtested Returns
Adata Technology secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Adata Technology Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adata Technology's mean deviation of 0.7746, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adata Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adata Technology is expected to be smaller as well. At this point, Adata Technology has a negative expected return of -0.12%. Please make sure to confirm Adata Technology's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Adata Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Adata Technology Co has very weak predictability. Overlapping area represents the amount of predictability between Adata Technology time series from 12th of November 2024 to 27th of November 2024 and 27th 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 Adata Technology price movement. The serial correlation of 0.19 indicates that over 19.0% of current Adata Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 3.67 |
Adata Technology lagged returns against current returns
Autocorrelation, which is Adata Technology 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 Adata Technology's stock expected returns. We can calculate the autocorrelation of Adata Technology returns to help us make a trade decision. For example, suppose you find that Adata Technology 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 |
Adata Technology 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 Adata Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adata Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adata Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Adata Technology Lagged Returns
When evaluating Adata Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adata Technology stock have on its future price. Adata Technology 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, Adata Technology autocorrelation shows the relationship between Adata Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Adata Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Adata Technology
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 Adata Technology 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 Adata Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Adata Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adata Technology 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 Adata Technology - 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 Adata Technology Co to buy it.
The correlation of Adata Technology 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 Adata Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adata Technology 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 Adata Technology 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 Adata Stock Analysis
When running Adata Technology's price analysis, check to measure Adata Technology'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 Adata Technology is operating at the current time. Most of Adata Technology's value examination focuses on studying past and present price action to predict the probability of Adata Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adata Technology's price. Additionally, you may evaluate how the addition of Adata Technology to your portfolios can decrease your overall portfolio volatility.