Advanced Lithium (Taiwan) Market Value
| 5227 Stock | TWD 39.05 0.30 0.76% |
| Symbol | Advanced |
Advanced Lithium '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 Advanced Lithium'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 Advanced Lithium.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Advanced Lithium on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Advanced Lithium Electrochemistry or generate 0.0% return on investment in Advanced Lithium over 720 days. Advanced Lithium is related to or competes with Walsin Lihwa, Voltronic Power, Advanced Energy, Simplo Technology, Ta Ya, Hiwin Mikrosystem, and Amtran Technology. Advanced Lithium Electrochemistry Co., Ltd More
Advanced Lithium 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 Advanced Lithium'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 Advanced Lithium Electrochemistry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.075 | |||
| Maximum Drawdown | 19.57 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 9.87 |
Advanced Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Lithium's standard deviation. In reality, there are many statistical measures that can use Advanced Lithium historical prices to predict the future Advanced Lithium's volatility.| Risk Adjusted Performance | 0.0739 | |||
| Jensen Alpha | 0.3014 | |||
| Total Risk Alpha | 0.2051 | |||
| Sortino Ratio | 0.0924 | |||
| Treynor Ratio | 0.5478 |
Advanced Lithium Ele Backtested Returns
Advanced Lithium appears to be very steady, given 3 months investment horizon. Advanced Lithium Ele secures Sharpe Ratio (or Efficiency) of 0.0852, which signifies that the company had a 0.0852% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Advanced Lithium Electrochemistry, which you can use to evaluate the volatility of the firm. Please makes use of Advanced Lithium's Downside Deviation of 3.16, risk adjusted performance of 0.0739, and Mean Deviation of 2.64 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Lithium holds a performance score of 6. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Advanced Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Advanced Lithium is expected to be smaller as well. Please check Advanced Lithium's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Advanced Lithium's price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Advanced Lithium Electrochemistry has good predictability. Overlapping area represents the amount of predictability between Advanced Lithium time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Advanced Lithium Ele price movement. The serial correlation of 0.77 indicates that around 77.0% of current Advanced Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 72.71 |
Advanced Lithium Ele lagged returns against current returns
Autocorrelation, which is Advanced Lithium 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 Advanced Lithium's stock expected returns. We can calculate the autocorrelation of Advanced Lithium returns to help us make a trade decision. For example, suppose you find that Advanced Lithium 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 |
Advanced Lithium 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 Advanced Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Lithium Lagged Returns
When evaluating Advanced Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Lithium stock have on its future price. Advanced Lithium 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, Advanced Lithium autocorrelation shows the relationship between Advanced Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Lithium Electrochemistry.
Regressed Prices |
| Timeline |
Pair Trading with Advanced Lithium
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Advanced Lithium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Advanced Lithium will appreciate offsetting losses from the drop in the long position's value.Moving together with Advanced Stock
Moving against Advanced Stock
| 0.82 | 5871 | Chailease Holding | PairCorr |
| 0.8 | 1605 | Walsin Lihwa Corp | PairCorr |
| 0.79 | 6505 | Formosa Petrochemical | PairCorr |
| 0.78 | 2489 | Amtran Technology | PairCorr |
| 0.76 | 6409 | Voltronic Power Tech | PairCorr |
The ability to find closely correlated positions to Advanced Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Lithium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advanced Lithium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advanced Lithium Electrochemistry to buy it.
The correlation of Advanced Lithium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advanced Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Lithium Ele moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Advanced Lithium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Advanced Stock Analysis
When running Advanced Lithium's price analysis, check to measure Advanced Lithium'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 Advanced Lithium is operating at the current time. Most of Advanced Lithium's value examination focuses on studying past and present price action to predict the probability of Advanced Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Lithium's price. Additionally, you may evaluate how the addition of Advanced Lithium to your portfolios can decrease your overall portfolio volatility.