MiTAC Holdings (Taiwan) Market Value
| 3706 Stock | TWD 83.50 1.90 2.33% |
| 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.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in MiTAC Holdings on December 23, 2022 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 720 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.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.284 | |||
| Maximum Drawdown | 14.88 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 9.9 |
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 | 0.241 | |||
| Jensen Alpha | 0.9201 | |||
| Total Risk Alpha | 0.5158 | |||
| Sortino Ratio | 0.5553 | |||
| Treynor Ratio | 1.14 |
MiTAC Holdings Corp Backtested Returns
MiTAC Holdings is very steady given 3 months investment horizon. MiTAC Holdings Corp has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of standard deviation over the last 3 months. We are able to interpolate and break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use MiTAC Holdings Corp Mean Deviation of 2.18, risk adjusted performance of 0.241, and Market Risk Adjusted Performance of 1.15 to evaluate company specific risk that cannot be diversified away. MiTAC Holdings holds a performance score of 24 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.89, which conveys possible diversification benefits within a given portfolio. MiTAC Holdings returns are very sensitive to returns on the market. As the market goes up or down, MiTAC Holdings is expected to follow. Use MiTAC Holdings Corp total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on MiTAC Holdings Corp.
Auto-correlation | 0.17 |
Very weak predictability
MiTAC Holdings Corp has very weak predictability. Overlapping area represents the amount of predictability between MiTAC Holdings time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 MiTAC Holdings Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current MiTAC Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 74.5 |
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.