Nishoku Technology (Taiwan) Market Value
| 3679 Stock | TWD 155.00 1.00 0.64% |
| Symbol | Nishoku |
Nishoku 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 Nishoku 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 Nishoku Technology.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Nishoku Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nishoku Technology or generate 0.0% return on investment in Nishoku Technology over 90 days. Nishoku Technology is related to or competes with Shin Zu, Arcadyan Technology, Tripod Technology, Syncmold Enterprise, and Lotes. Nishoku Technology Inc. designs and manufactures single and double steel plastic injection molds in Taiwan, the United S... More
Nishoku 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 Nishoku 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 Nishoku Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.2132 | |||
| Maximum Drawdown | 11.4 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.87 |
Nishoku Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nishoku Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nishoku Technology's standard deviation. In reality, there are many statistical measures that can use Nishoku Technology historical prices to predict the future Nishoku Technology's volatility.| Risk Adjusted Performance | 0.1368 | |||
| Jensen Alpha | 0.2736 | |||
| Total Risk Alpha | 0.4375 | |||
| Sortino Ratio | 0.1819 | |||
| Treynor Ratio | 0.6683 |
Nishoku Technology Backtested Returns
Nishoku Technology appears to be very steady, given 3 months investment horizon. Nishoku Technology has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nishoku Technology, which you can use to evaluate the volatility of the firm. Please exercise Nishoku Technology's Mean Deviation of 1.1, risk adjusted performance of 0.1368, and Downside Deviation of 1.89 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nishoku Technology holds a performance score of 14. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nishoku Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nishoku Technology is expected to be smaller as well. Please check Nishoku Technology's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Nishoku Technology's current price movements will revert.
Auto-correlation | 0.67 |
Good predictability
Nishoku Technology has good predictability. Overlapping area represents the amount of predictability between Nishoku Technology time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Nishoku Technology price movement. The serial correlation of 0.67 indicates that around 67.0% of current Nishoku Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 20.56 |
Nishoku Technology lagged returns against current returns
Autocorrelation, which is Nishoku 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 Nishoku Technology's stock expected returns. We can calculate the autocorrelation of Nishoku Technology returns to help us make a trade decision. For example, suppose you find that Nishoku 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 |
| Timeline |
Nishoku 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 Nishoku Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nishoku Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nishoku Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Nishoku Technology Lagged Returns
When evaluating Nishoku Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nishoku Technology stock have on its future price. Nishoku 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, Nishoku Technology autocorrelation shows the relationship between Nishoku Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Nishoku Technology.
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 Nishoku Stock Analysis
When running Nishoku Technology's price analysis, check to measure Nishoku 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 Nishoku Technology is operating at the current time. Most of Nishoku Technology's value examination focuses on studying past and present price action to predict the probability of Nishoku 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 Nishoku Technology's price. Additionally, you may evaluate how the addition of Nishoku Technology to your portfolios can decrease your overall portfolio volatility.