ASRock (Taiwan) Market Value
| 3515 Stock | TWD 245.00 1.00 0.41% |
| Symbol | ASRock |
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.
| 11/06/2024 |
| 12/06/2024 |
If you would invest 0.00 in ASRock on November 6, 2024 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 30 days. ASRock is related to or competes with Gigabyte Technology, Micro Star, Asustek Computer, Kinsus Interconnect, and Nan Ya. 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.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0628 | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 4.36 |
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.| Risk Adjusted Performance | 0.0933 | |||
| Jensen Alpha | 0.1919 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0703 | |||
| Treynor Ratio | 0.3771 |
ASRock Inc Backtested Returns
ASRock appears to be very steady, given 3 months investment horizon. ASRock Inc secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty 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 0.0933, and Mean Deviation of 1.91 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 9. The firm shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ASRock's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASRock is expected to be smaller as well. Please check ASRock's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether ASRock's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
ASRock Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between ASRock time series from 6th of November 2024 to 21st of November 2024 and 21st of November 2024 to 6th 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 -0.19 indicates that over 19.0% of current ASRock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 44.42 |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.