New Advanced (Taiwan) Market Value

3465 Stock  TWD 63.00  1.50  2.33%   
New Advanced's market value is the price at which a share of New Advanced trades on a public exchange. It measures the collective expectations of New Advanced Electronics investors about its performance. New Advanced is selling for under 63.00 as of the 16th of March 2025; that is 2.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 63.0.
With this module, you can estimate the performance of a buy and hold strategy of New Advanced Electronics and determine expected loss or profit from investing in New Advanced over a given investment horizon. Check out New Advanced Correlation, New Advanced Volatility and New Advanced Alpha and Beta module to complement your research on New Advanced.
Symbol

Please note, there is a significant difference between New Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Advanced'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.

New Advanced '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 New Advanced'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 New Advanced.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in New Advanced on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding New Advanced Electronics or generate 0.0% return on investment in New Advanced over 90 days. New Advanced is related to or competes with Min Aik, GMI Technology, CVC Technologies, Yuan High, Chicony Power, Ichia Technologies, and Castles Technology. New Advanced Electronics Technologies Co., Ltd More

New Advanced 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 New Advanced'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 New Advanced Electronics upside and downside potential and time the market with a certain degree of confidence.

New Advanced Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for New Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Advanced's standard deviation. In reality, there are many statistical measures that can use New Advanced historical prices to predict the future New Advanced's volatility.
Hype
Prediction
LowEstimatedHigh
60.8663.0065.14
Details
Intrinsic
Valuation
LowRealHigh
56.7073.8475.98
Details
Naive
Forecast
LowNextHigh
62.6564.8066.94
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
49.3261.3973.47
Details

New Advanced Electronics Backtested Returns

New Advanced appears to be very steady, given 3 months investment horizon. New Advanced Electronics has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Advanced, which you can use to evaluate the volatility of the firm. Please exercise New Advanced's Risk Adjusted Performance of 0.1509, mean deviation of 1.47, and Downside Deviation of 1.86 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Advanced holds a performance score of 13. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Advanced are expected to decrease at a much lower rate. During the bear market, New Advanced is likely to outperform the market. Please check New Advanced's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether New Advanced's current price movements will revert.

Auto-correlation

    
  -0.52  

Good reverse predictability

New Advanced Electronics has good reverse predictability. Overlapping area represents the amount of predictability between New Advanced time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Advanced Electronics price movement. The serial correlation of -0.52 indicates that about 52.0% of current New Advanced price fluctuation can be explain by its past prices.
Correlation Coefficient-0.52
Spearman Rank Test-0.59
Residual Average0.0
Price Variance7.29

New Advanced Electronics lagged returns against current returns

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

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

New Advanced Lagged Returns

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

Pair Trading with New Advanced

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 New Advanced 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 New Advanced will appreciate offsetting losses from the drop in the long position's value.

Moving together with New Stock

  0.653008 LARGAN PrecisionPairCorr
  0.662327 Yageo CorpPairCorr

Moving against New Stock

  0.736669 Wiwynn CorpPairCorr
  0.684966 Parade TechnologiesPairCorr
  0.592317 Hon Hai PrecisionPairCorr
  0.526510 Chunghwa Precision TestPairCorr
  0.52308 Delta ElectronicsPairCorr
The ability to find closely correlated positions to New Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Advanced 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 New Advanced - 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 New Advanced Electronics to buy it.
The correlation of New Advanced 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 New Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Advanced 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 New Advanced 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 New Stock Analysis

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