ASRock (Taiwan) Market Value

3515 Stock  TWD 244.00  10.00  4.27%   
ASRock's market value is the price at which a share of ASRock trades on a public exchange. It measures the collective expectations of ASRock Inc investors about its performance. ASRock is selling for under 244.00 as of the 5th of December 2024; that is 4.27 percent increase since the beginning of the trading day. The stock's lowest day price was 234.0.
With this module, you can estimate the performance of a buy and hold strategy of ASRock Inc and determine expected loss or profit from investing in ASRock over a given investment horizon. Check out ASRock Correlation, ASRock Volatility and ASRock Alpha and Beta module to complement your research on ASRock.
Symbol

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

ASRock '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 ASRock'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 ASRock.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in ASRock on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding ASRock Inc or generate 0.0% return on investment in ASRock over 720 days. ASRock is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Nan Ya, and Chunghwa Telecom. ASRock Inc. primarily manufactures and sells motherboards in Taiwan and internationally More

ASRock 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 ASRock'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 ASRock Inc upside and downside potential and time the market with a certain degree of confidence.

ASRock Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ASRock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASRock's standard deviation. In reality, there are many statistical measures that can use ASRock historical prices to predict the future ASRock's volatility.
Hype
Prediction
LowEstimatedHigh
241.45244.00246.55
Details
Intrinsic
Valuation
LowRealHigh
229.58232.12268.40
Details
Naive
Forecast
LowNextHigh
231.62234.16236.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
227.25233.72240.19
Details

ASRock Inc Backtested Returns

ASRock appears to be very steady, given 3 months investment horizon. ASRock Inc secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ASRock Inc, which you can use to evaluate the volatility of the firm. Please makes use of ASRock's risk adjusted performance of 0.0731, and Mean Deviation of 1.89 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ASRock holds a performance score of 10. The firm shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. ASRock returns are very sensitive to returns on the market. As the market goes up or down, ASRock is expected to follow. Please check ASRock'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 ASRock's price patterns will revert.

Auto-correlation

    
  -0.56  

Good reverse predictability

ASRock Inc has good reverse predictability. Overlapping area represents the amount of predictability between ASRock time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 ASRock Inc price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current ASRock price fluctuation can be explain by its past prices.
Correlation Coefficient-0.56
Spearman Rank Test-0.45
Residual Average0.0
Price Variance502.41

ASRock Inc lagged returns against current returns

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

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

ASRock Lagged Returns

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

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Additional Tools for ASRock Stock Analysis

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