Alchip Technologies (Taiwan) Market Value
| 3661 Stock | TWD 2,765 30.00 1.07% |
| Symbol | Alchip |
Alchip Technologies '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 Alchip Technologies' 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 Alchip Technologies.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Alchip Technologies on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Alchip Technologies or generate 0.0% return on investment in Alchip Technologies over 90 days. Alchip Technologies is related to or competes with Global Unichip, Asmedia Technology, Silergy Corp, Unimicron Technology, and Novatek Microelectronics. Alchip Technologies, Limited, together with its subsidiaries, provides silicon design and manufacturing solutions for ap... More
Alchip Technologies 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 Alchip Technologies' 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 Alchip Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.1263 | |||
| Maximum Drawdown | 16.39 | |||
| Value At Risk | (5.09) | |||
| Potential Upside | 8.95 |
Alchip Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alchip Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alchip Technologies' standard deviation. In reality, there are many statistical measures that can use Alchip Technologies historical prices to predict the future Alchip Technologies' volatility.| Risk Adjusted Performance | 0.0956 | |||
| Jensen Alpha | 0.4675 | |||
| Total Risk Alpha | 0.8688 | |||
| Sortino Ratio | 0.1549 | |||
| Treynor Ratio | 0.4875 |
Alchip Technologies Backtested Returns
Alchip Technologies secures Sharpe Ratio (or Efficiency) of -0.0817, which signifies that the company had a -0.0817 % return per unit of standard deviation over the last 3 months. Alchip Technologies exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alchip Technologies' mean deviation of 3.04, and Risk Adjusted Performance of 0.0956 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alchip Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alchip Technologies is expected to be smaller as well. At this point, Alchip Technologies has a negative expected return of -0.28%. Please make sure to confirm Alchip Technologies' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Alchip Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Alchip Technologies has poor predictability. Overlapping area represents the amount of predictability between Alchip Technologies time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Alchip Technologies price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Alchip Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 63.4 K |
Alchip Technologies lagged returns against current returns
Autocorrelation, which is Alchip Technologies 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 Alchip Technologies' stock expected returns. We can calculate the autocorrelation of Alchip Technologies returns to help us make a trade decision. For example, suppose you find that Alchip Technologies 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 |
Alchip Technologies 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 Alchip Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alchip Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alchip Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Alchip Technologies Lagged Returns
When evaluating Alchip Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alchip Technologies stock have on its future price. Alchip Technologies 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, Alchip Technologies autocorrelation shows the relationship between Alchip Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Alchip Technologies.
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 Alchip Stock Analysis
When running Alchip Technologies' price analysis, check to measure Alchip Technologies' 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 Alchip Technologies is operating at the current time. Most of Alchip Technologies' value examination focuses on studying past and present price action to predict the probability of Alchip Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alchip Technologies' price. Additionally, you may evaluate how the addition of Alchip Technologies to your portfolios can decrease your overall portfolio volatility.