MiTAC Holdings (Taiwan) Market Value
| 3706 Stock | TWD 62.20 0.60 0.97% |
| Symbol | MiTAC |
MiTAC Holdings '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 MiTAC Holdings' 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 MiTAC Holdings.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in MiTAC Holdings on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding MiTAC Holdings Corp or generate 0.0% return on investment in MiTAC Holdings over 90 days. MiTAC Holdings is related to or competes with Wistron Corp, Getac Technology, Inventec Corp, Pegatron Corp, and Lien Hwa. MiTAC Holdings Corporation, through its subsidiaries, designs, develops, manufactures, and distributes computers and anc... More
MiTAC Holdings 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 MiTAC Holdings' 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 MiTAC Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.33 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 5.01 |
MiTAC Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MiTAC Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MiTAC Holdings' standard deviation. In reality, there are many statistical measures that can use MiTAC Holdings historical prices to predict the future MiTAC Holdings' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | 0.0145 | |||
| Treynor Ratio | 0.7481 |
MiTAC Holdings Corp Backtested Returns
MiTAC Holdings Corp has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12 % return per unit of standard deviation over the last 3 months. MiTAC Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MiTAC Holdings' Risk Adjusted Performance of (0.11), mean deviation of 2.04, and Market Risk Adjusted Performance of 0.7581 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MiTAC Holdings are expected to decrease at a much lower rate. During the bear market, MiTAC Holdings is likely to outperform the market. At this point, MiTAC Holdings Corp has a negative expected return of -0.32%. Please make sure to verify MiTAC Holdings' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if MiTAC Holdings Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
MiTAC Holdings Corp has below average predictability. Overlapping area represents the amount of predictability between MiTAC Holdings time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 MiTAC Holdings Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current MiTAC Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 18.14 |
MiTAC Holdings Corp lagged returns against current returns
Autocorrelation, which is MiTAC Holdings 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 MiTAC Holdings' stock expected returns. We can calculate the autocorrelation of MiTAC Holdings returns to help us make a trade decision. For example, suppose you find that MiTAC Holdings 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 |
MiTAC Holdings 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 MiTAC Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MiTAC Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MiTAC Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
MiTAC Holdings Lagged Returns
When evaluating MiTAC Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MiTAC Holdings stock have on its future price. MiTAC Holdings 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, MiTAC Holdings autocorrelation shows the relationship between MiTAC Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in MiTAC Holdings Corp.
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 MiTAC Stock Analysis
When running MiTAC Holdings' price analysis, check to measure MiTAC Holdings' 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 MiTAC Holdings is operating at the current time. Most of MiTAC Holdings' value examination focuses on studying past and present price action to predict the probability of MiTAC Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MiTAC Holdings' price. Additionally, you may evaluate how the addition of MiTAC Holdings to your portfolios can decrease your overall portfolio volatility.