Dimension Computer (Taiwan) Market Value
| 6140 Stock | TWD 26.15 1.15 4.21% |
| Symbol | Dimension |
Dimension Computer '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 Dimension Computer'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 Dimension Computer.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Dimension Computer on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Dimension Computer Technology or generate 0.0% return on investment in Dimension Computer over 30 days. Dimension Computer is related to or competes with Vanguard International, Advanced Wireless, Tait Marketing, RDC Semiconductor, Realtek Semiconductor, WinMate Communication, and Air Asia. Dimension Computer Technology Co., Ltd. provides information management and system services primarily in Taiwan More
Dimension Computer 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 Dimension Computer'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 Dimension Computer Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0088 | |||
| Maximum Drawdown | 13.51 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.35 |
Dimension Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dimension Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dimension Computer's standard deviation. In reality, there are many statistical measures that can use Dimension Computer historical prices to predict the future Dimension Computer's volatility.| Risk Adjusted Performance | 0.0411 | |||
| Jensen Alpha | 0.113 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0098 | |||
| Treynor Ratio | 25.19 |
Dimension Computer Backtested Returns
At this stage we consider Dimension Stock to be very steady. Dimension Computer secures Sharpe Ratio (or Efficiency) of 0.0185, which denotes the company had a 0.0185% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dimension Computer Technology, which you can use to evaluate the volatility of the firm. Please confirm Dimension Computer's Downside Deviation of 2.39, coefficient of variation of 2145.69, and Mean Deviation of 1.75 to check if the risk estimate we provide is consistent with the expected return of 0.0492%. Dimension Computer has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0045, which means not very significant fluctuations relative to the market. As returns on the market increase, Dimension Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dimension Computer is expected to be smaller as well. Dimension Computer right now shows a risk of 2.66%. Please confirm Dimension Computer standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Dimension Computer will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
Dimension Computer Technology has below average predictability. Overlapping area represents the amount of predictability between Dimension Computer time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Dimension Computer price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Dimension Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 5.33 |
Dimension Computer lagged returns against current returns
Autocorrelation, which is Dimension Computer 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 Dimension Computer's stock expected returns. We can calculate the autocorrelation of Dimension Computer returns to help us make a trade decision. For example, suppose you find that Dimension Computer 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 |
Dimension Computer 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 Dimension Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dimension Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dimension Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Dimension Computer Lagged Returns
When evaluating Dimension Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dimension Computer stock have on its future price. Dimension Computer 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, Dimension Computer autocorrelation shows the relationship between Dimension Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Dimension Computer Technology.
Regressed Prices |
| Timeline |
Pair Trading with Dimension Computer
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 Dimension Computer 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 Dimension Computer will appreciate offsetting losses from the drop in the long position's value.Moving against Dimension Stock
| 0.36 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.35 | 2882B | Cathay Financial Holding | PairCorr |
| 0.33 | 2881A | Fubon Financial Holding | PairCorr |
The ability to find closely correlated positions to Dimension Computer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dimension Computer 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 Dimension Computer - 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 Dimension Computer Technology to buy it.
The correlation of Dimension Computer 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 Dimension Computer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dimension Computer 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 Dimension Computer 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 Dimension Stock Analysis
When running Dimension Computer's price analysis, check to measure Dimension Computer'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 Dimension Computer is operating at the current time. Most of Dimension Computer's value examination focuses on studying past and present price action to predict the probability of Dimension Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dimension Computer's price. Additionally, you may evaluate how the addition of Dimension Computer to your portfolios can decrease your overall portfolio volatility.