Brogent Technologies (Taiwan) Market Value
| 5263 Stock | TWD 147.50 3.00 2.08% |
| Symbol | Brogent |
Brogent Technologies '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 Brogent Technologies' 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 Brogent Technologies.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Brogent Technologies on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Brogent Technologies or generate 0.0% return on investment in Brogent Technologies over 30 days. Brogent Technologies is related to or competes with Cayenne Entertainment, U Media, Onano Industrial, X Legend, Tsang Yow, Wha Yu, and Powertech Industrial. Brogent Technologies Inc., a technology company, provides digital content creation services in Taiwan More
Brogent Technologies 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 Brogent Technologies' 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 Brogent Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 2.59 |
Brogent Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brogent Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brogent Technologies' standard deviation. In reality, there are many statistical measures that can use Brogent Technologies historical prices to predict the future Brogent Technologies' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.76) |
Brogent Technologies Backtested Returns
Brogent Technologies secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Brogent Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brogent Technologies' Mean Deviation of 1.54, standard deviation of 2.25, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brogent Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Brogent Technologies is expected to be smaller as well. At this point, Brogent Technologies has a negative expected return of -0.28%. Please make sure to confirm Brogent Technologies' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Brogent Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Brogent Technologies has modest predictability. Overlapping area represents the amount of predictability between Brogent Technologies time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Brogent Technologies price movement. The serial correlation of 0.52 indicates that about 52.0% of current Brogent Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 24.81 |
Brogent Technologies lagged returns against current returns
Autocorrelation, which is Brogent Technologies 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 Brogent Technologies' stock expected returns. We can calculate the autocorrelation of Brogent Technologies returns to help us make a trade decision. For example, suppose you find that Brogent Technologies 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 |
Brogent Technologies 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 Brogent Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brogent Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brogent Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Brogent Technologies Lagged Returns
When evaluating Brogent Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brogent Technologies stock have on its future price. Brogent Technologies 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, Brogent Technologies autocorrelation shows the relationship between Brogent Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Brogent Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Brogent Technologies
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 Brogent Technologies 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 Brogent Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Brogent Stock
Moving against Brogent Stock
| 0.88 | 3036A | WT Microelectronics | PairCorr |
| 0.83 | 5530 | Lungyen Life Service | PairCorr |
| 0.82 | 3570 | Otsuka Information | PairCorr |
| 0.81 | 4991 | GCS Holdings | PairCorr |
| 0.81 | 8284 | Mitake Information | PairCorr |
The ability to find closely correlated positions to Brogent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brogent Technologies 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 Brogent Technologies - 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 Brogent Technologies to buy it.
The correlation of Brogent Technologies 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 Brogent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brogent Technologies 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 Brogent Technologies 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 Brogent Stock Analysis
When running Brogent Technologies' price analysis, check to measure Brogent Technologies' 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 Brogent Technologies is operating at the current time. Most of Brogent Technologies' value examination focuses on studying past and present price action to predict the probability of Brogent Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brogent Technologies' price. Additionally, you may evaluate how the addition of Brogent Technologies to your portfolios can decrease your overall portfolio volatility.