Thermaltake Technology (Taiwan) Market Value
| 3540 Stock | TWD 38.30 0.50 1.32% |
| Symbol | Thermaltake |
Thermaltake 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 Thermaltake 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 Thermaltake Technology.
| 12/04/2024 |
| 03/04/2025 |
If you would invest 0.00 in Thermaltake Technology on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Thermaltake Technology Co or generate 0.0% return on investment in Thermaltake Technology over 90 days. Thermaltake Technology is related to or competes with ASRock, Auras Technology, Micro Star, Gigabyte Technology, and FocalTech Systems. More
Thermaltake 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 Thermaltake 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 Thermaltake Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 11.76 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 3.68 |
Thermaltake Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thermaltake Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thermaltake Technology's standard deviation. In reality, there are many statistical measures that can use Thermaltake Technology historical prices to predict the future Thermaltake Technology's volatility.| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.1556 | |||
| Sortino Ratio | 0.0226 | |||
| Treynor Ratio | (0.19) |
Thermaltake Technology Backtested Returns
Thermaltake Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Thermaltake Technology Co exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermaltake Technology's Semi Deviation of 2.07, risk adjusted performance of 0.0065, and Coefficient Of Variation of 380622.26 to confirm the risk estimate we provide. The entity has a beta of 0.0497, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thermaltake Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thermaltake Technology is expected to be smaller as well. At this point, Thermaltake Technology has a negative expected return of -0.0128%. Please make sure to validate Thermaltake Technology's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Thermaltake Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Thermaltake Technology Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Thermaltake Technology time series from 4th of December 2024 to 18th of January 2025 and 18th of January 2025 to 4th 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 Thermaltake Technology price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Thermaltake Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 6.21 |
Thermaltake Technology lagged returns against current returns
Autocorrelation, which is Thermaltake 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 Thermaltake Technology's stock expected returns. We can calculate the autocorrelation of Thermaltake Technology returns to help us make a trade decision. For example, suppose you find that Thermaltake 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 |
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Thermaltake 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 Thermaltake Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thermaltake Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thermaltake Technology stock over time.
Current vs Lagged Prices |
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Thermaltake Technology Lagged Returns
When evaluating Thermaltake Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thermaltake Technology stock have on its future price. Thermaltake 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, Thermaltake Technology autocorrelation shows the relationship between Thermaltake Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Thermaltake Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Thermaltake 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 Thermaltake 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 Thermaltake Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Thermaltake Stock
Moving against Thermaltake Stock
The ability to find closely correlated positions to Thermaltake 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 Thermaltake 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 Thermaltake 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 Thermaltake Technology Co to buy it.
The correlation of Thermaltake 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 Thermaltake Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermaltake 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 Thermaltake 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 Thermaltake Stock Analysis
When running Thermaltake Technology's price analysis, check to measure Thermaltake 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 Thermaltake Technology is operating at the current time. Most of Thermaltake Technology's value examination focuses on studying past and present price action to predict the probability of Thermaltake 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 Thermaltake Technology's price. Additionally, you may evaluate how the addition of Thermaltake Technology to your portfolios can decrease your overall portfolio volatility.