Fitipower Integrated (Taiwan) Market Value
| 4961 Stock | 220.50 0.50 0.23% |
| Symbol | Fitipower |
Fitipower Integrated '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 Fitipower Integrated'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 Fitipower Integrated.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Fitipower Integrated on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fitipower Integrated Technology or generate 0.0% return on investment in Fitipower Integrated over 90 days. Fitipower Integrated is related to or competes with FocalTech Systems, Novatek Microelectronics, Sitronix Technology, AP Memory, and Global Unichip. More
Fitipower Integrated 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 Fitipower Integrated'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 Fitipower Integrated Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.74 |
Fitipower Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fitipower Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fitipower Integrated's standard deviation. In reality, there are many statistical measures that can use Fitipower Integrated historical prices to predict the future Fitipower Integrated's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0465 | |||
| Treynor Ratio | (0.37) |
Fitipower Integrated Backtested Returns
Fitipower Integrated secures Sharpe Ratio (or Efficiency) of -0.0459, which denotes the company had a -0.0459 % return per unit of risk over the last 3 months. Fitipower Integrated Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fitipower Integrated's Variance of 1.31, mean deviation of 0.9048, and Standard Deviation of 1.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Fitipower Integrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fitipower Integrated is expected to be smaller as well. At this point, Fitipower Integrated has a negative expected return of -0.0523%. Please make sure to confirm Fitipower Integrated's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Fitipower Integrated performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Fitipower Integrated Technology has below average predictability. Overlapping area represents the amount of predictability between Fitipower Integrated time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Fitipower Integrated price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Fitipower Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 19.52 |
Fitipower Integrated lagged returns against current returns
Autocorrelation, which is Fitipower Integrated 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 Fitipower Integrated's stock expected returns. We can calculate the autocorrelation of Fitipower Integrated returns to help us make a trade decision. For example, suppose you find that Fitipower Integrated 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 |
Fitipower Integrated 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 Fitipower Integrated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fitipower Integrated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fitipower Integrated stock over time.
Current vs Lagged Prices |
| Timeline |
Fitipower Integrated Lagged Returns
When evaluating Fitipower Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fitipower Integrated stock have on its future price. Fitipower Integrated 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, Fitipower Integrated autocorrelation shows the relationship between Fitipower Integrated stock current value and its past values and can show if there is a momentum factor associated with investing in Fitipower Integrated 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 Fitipower Stock Analysis
When running Fitipower Integrated's price analysis, check to measure Fitipower Integrated'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 Fitipower Integrated is operating at the current time. Most of Fitipower Integrated's value examination focuses on studying past and present price action to predict the probability of Fitipower Integrated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fitipower Integrated's price. Additionally, you may evaluate how the addition of Fitipower Integrated to your portfolios can decrease your overall portfolio volatility.