Nuvoton Technology (Taiwan) Market Value
| 4919 Stock | TWD 92.80 1.70 1.80% |
| Symbol | Nuvoton |
Nuvoton 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 Nuvoton 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 Nuvoton Technology.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Nuvoton Technology on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Nuvoton Technology Corp or generate 0.0% return on investment in Nuvoton Technology over 30 days. Nuvoton Technology is related to or competes with Global Unichip, Holtek Semiconductor, Novatek Microelectronics, Unimicron Technology, and Winbond Electronics. Nuvoton Technology Corporation, together with its subsidiaries, operates as a digitalanalogmixed signal semiconductor co... More
Nuvoton 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 Nuvoton 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 Nuvoton Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0592 | |||
| Maximum Drawdown | 17.44 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 8.98 |
Nuvoton Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuvoton Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuvoton Technology's standard deviation. In reality, there are many statistical measures that can use Nuvoton Technology historical prices to predict the future Nuvoton Technology's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.3611 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0737 | |||
| Treynor Ratio | (0.49) |
Nuvoton Technology Corp Backtested Returns
Nuvoton Technology appears to be very steady, given 3 months investment horizon. Nuvoton Technology Corp has Sharpe Ratio of 0.0809, which conveys that the firm had a 0.0809% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nuvoton Technology, which you can use to evaluate the volatility of the firm. Please exercise Nuvoton Technology's Mean Deviation of 2.35, risk adjusted performance of 0.0752, and Downside Deviation of 2.68 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nuvoton Technology holds a performance score of 6. The company secures a Beta (Market Risk) of -0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nuvoton Technology are expected to decrease at a much lower rate. During the bear market, Nuvoton Technology is likely to outperform the market. Please check Nuvoton Technology's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Nuvoton Technology's current price movements will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Nuvoton Technology Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Nuvoton Technology time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 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 Nuvoton Technology Corp price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Nuvoton Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 16.43 |
Nuvoton Technology Corp lagged returns against current returns
Autocorrelation, which is Nuvoton 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 Nuvoton Technology's stock expected returns. We can calculate the autocorrelation of Nuvoton Technology returns to help us make a trade decision. For example, suppose you find that Nuvoton 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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Nuvoton 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 Nuvoton Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuvoton Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuvoton Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Nuvoton Technology Lagged Returns
When evaluating Nuvoton Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuvoton Technology stock have on its future price. Nuvoton 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, Nuvoton Technology autocorrelation shows the relationship between Nuvoton Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Nuvoton Technology 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 Nuvoton Stock Analysis
When running Nuvoton Technology's price analysis, check to measure Nuvoton 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 Nuvoton Technology is operating at the current time. Most of Nuvoton Technology's value examination focuses on studying past and present price action to predict the probability of Nuvoton 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 Nuvoton Technology's price. Additionally, you may evaluate how the addition of Nuvoton Technology to your portfolios can decrease your overall portfolio volatility.