Macroblock (Taiwan) Market Value
| 3527 Stock | TWD 70.80 3.70 5.51% |
| Symbol | Macroblock |
Macroblock '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 Macroblock'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 Macroblock.
| 07/30/2024 |
| 12/27/2024 |
If you would invest 0.00 in Macroblock on July 30, 2024 and sell it all today you would earn a total of 0.00 from holding Macroblock or generate 0.0% return on investment in Macroblock over 150 days. Macroblock is related to or competes with Quanta Storage, Provision Information, Mitake Information, Softstar Entertainment, K Way, AVerMedia Technologies, and Adata Technology. More
Macroblock 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 Macroblock'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 Macroblock upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.02 |
Macroblock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Macroblock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Macroblock's standard deviation. In reality, there are many statistical measures that can use Macroblock historical prices to predict the future Macroblock's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.82) |
Macroblock Backtested Returns
Macroblock has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Macroblock exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Macroblock's Risk Adjusted Performance of (0.14), mean deviation of 1.03, and Standard Deviation of 1.33 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Macroblock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Macroblock is expected to be smaller as well. At this point, Macroblock has a negative expected return of -0.23%. Please make sure to verify Macroblock's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Macroblock performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Macroblock has weak predictability. Overlapping area represents the amount of predictability between Macroblock time series from 30th of July 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Macroblock price movement. The serial correlation of 0.21 indicates that over 21.0% of current Macroblock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 19.92 |
Macroblock lagged returns against current returns
Autocorrelation, which is Macroblock 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 Macroblock's stock expected returns. We can calculate the autocorrelation of Macroblock returns to help us make a trade decision. For example, suppose you find that Macroblock 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 |
Macroblock 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 Macroblock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Macroblock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Macroblock stock over time.
Current vs Lagged Prices |
| Timeline |
Macroblock Lagged Returns
When evaluating Macroblock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Macroblock stock have on its future price. Macroblock 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, Macroblock autocorrelation shows the relationship between Macroblock stock current value and its past values and can show if there is a momentum factor associated with investing in Macroblock.
Regressed Prices |
| Timeline |
Pair Trading with Macroblock
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 Macroblock 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 Macroblock will appreciate offsetting losses from the drop in the long position's value.Moving together with Macroblock Stock
| 0.85 | 2303 | United Microelectronics | PairCorr |
| 0.7 | 3034 | Novatek Microelectronics | PairCorr |
| 0.88 | 6415 | Silergy Corp | PairCorr |
Moving against Macroblock Stock
| 0.9 | 3036A | WT Microelectronics | PairCorr |
| 0.88 | 1231 | Lian Hwa Foods | PairCorr |
| 0.85 | 2609 | Yang Ming Marine | PairCorr |
| 0.84 | 2379 | Realtek Semiconductor | PairCorr |
| 0.83 | 2891B | CTBC Financial Holding | PairCorr |
The ability to find closely correlated positions to Macroblock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macroblock 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 Macroblock - 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 Macroblock to buy it.
The correlation of Macroblock 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 Macroblock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Macroblock 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 Macroblock 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 Macroblock Stock Analysis
When running Macroblock's price analysis, check to measure Macroblock'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 Macroblock is operating at the current time. Most of Macroblock's value examination focuses on studying past and present price action to predict the probability of Macroblock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macroblock's price. Additionally, you may evaluate how the addition of Macroblock to your portfolios can decrease your overall portfolio volatility.