Castles Technology (Taiwan) Market Value
| 5258 Stock | 84.60 0.60 0.71% |
| Symbol | Castles |
Castles 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 Castles 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 Castles Technology.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Castles Technology on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Castles Technology Co or generate 0.0% return on investment in Castles Technology over 180 days. Castles Technology is related to or competes with Gold Rain, Cipherlab, Accton Technology, Wah Hong, Foxconn Technology, and Wiwynn Corp. More
Castles 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 Castles 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 Castles Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 15.59 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 3.75 |
Castles Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Castles Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Castles Technology's standard deviation. In reality, there are many statistical measures that can use Castles Technology historical prices to predict the future Castles Technology's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (6.12) |
Castles Technology Backtested Returns
Castles Technology secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Castles Technology Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Castles Technology's Mean Deviation of 2.0, standard deviation of 2.79, and Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Castles Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Castles Technology is expected to be smaller as well. At this point, Castles Technology has a negative expected return of -0.6%. Please make sure to confirm Castles Technology's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Castles Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Castles Technology Co has insignificant predictability. Overlapping area represents the amount of predictability between Castles Technology time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Castles Technology price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Castles Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 271.86 |
Castles Technology lagged returns against current returns
Autocorrelation, which is Castles 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 Castles Technology's stock expected returns. We can calculate the autocorrelation of Castles Technology returns to help us make a trade decision. For example, suppose you find that Castles 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 |
| Timeline |
Castles 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 Castles Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Castles Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Castles Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Castles Technology Lagged Returns
When evaluating Castles Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Castles Technology stock have on its future price. Castles 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, Castles Technology autocorrelation shows the relationship between Castles Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Castles Technology Co.
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 Castles Stock Analysis
When running Castles Technology's price analysis, check to measure Castles 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 Castles Technology is operating at the current time. Most of Castles Technology's value examination focuses on studying past and present price action to predict the probability of Castles 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 Castles Technology's price. Additionally, you may evaluate how the addition of Castles Technology to your portfolios can decrease your overall portfolio volatility.