Auras Technology (Taiwan) Market Value
| 3324 Stock | TWD 690.00 11.00 1.57% |
| Symbol | Auras |
Auras 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 Auras 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 Auras Technology.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Auras Technology on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Auras Technology Co or generate 0.0% return on investment in Auras Technology over 390 days. Auras Technology is related to or competes with Forcecon Technology, TUL, Space Shuttle, and Sunfar Computer. Auras Technology Co., Ltd. engages in manufacturing, processing, and retailing electronic materials, computer heat dissi... More
Auras 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 Auras 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 Auras Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0732 | |||
| Maximum Drawdown | 17.95 | |||
| Value At Risk | (4.16) | |||
| Potential Upside | 6.33 |
Auras Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auras Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auras Technology's standard deviation. In reality, there are many statistical measures that can use Auras Technology historical prices to predict the future Auras Technology's volatility.| Risk Adjusted Performance | 0.0828 | |||
| Jensen Alpha | 0.2881 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0839 | |||
| Treynor Ratio | 0.6642 |
Auras Technology Backtested Returns
Auras Technology appears to be very steady, given 3 months investment horizon. Auras Technology secures Sharpe Ratio (or Efficiency) of 0.0758, which signifies that the company had a 0.0758% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Auras Technology Co, which you can use to evaluate the volatility of the firm. Please makes use of Auras Technology's Risk Adjusted Performance of 0.0828, downside deviation of 2.9, and Mean Deviation of 2.35 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Auras Technology holds a performance score of 5. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Auras Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Auras Technology is expected to be smaller as well. Please check Auras Technology's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Auras Technology's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Auras Technology Co has weak reverse predictability. Overlapping area represents the amount of predictability between Auras Technology time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 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 Auras Technology price movement. The serial correlation of -0.25 indicates that over 25.0% of current Auras Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 6351.43 |
Auras Technology lagged returns against current returns
Autocorrelation, which is Auras 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 Auras Technology's stock expected returns. We can calculate the autocorrelation of Auras Technology returns to help us make a trade decision. For example, suppose you find that Auras 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 |
Auras 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 Auras Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auras Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auras Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Auras Technology Lagged Returns
When evaluating Auras Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auras Technology stock have on its future price. Auras 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, Auras Technology autocorrelation shows the relationship between Auras Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Auras Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Auras 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 Auras 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 Auras Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Auras 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 Auras 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 Auras 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 Auras Technology Co to buy it.
The correlation of Auras 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 Auras Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auras 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 Auras 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 Auras Stock Analysis
When running Auras Technology's price analysis, check to measure Auras 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 Auras Technology is operating at the current time. Most of Auras Technology's value examination focuses on studying past and present price action to predict the probability of Auras 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 Auras Technology's price. Additionally, you may evaluate how the addition of Auras Technology to your portfolios can decrease your overall portfolio volatility.