Jetway Information (Taiwan) Market Value
| 6161 Stock | TWD 48.90 0.65 1.31% |
| Symbol | Jetway |
Jetway Information '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 Jetway Information'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 Jetway Information.
| 01/19/2023 |
| 01/08/2025 |
If you would invest 0.00 in Jetway Information on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding Jetway Information Co or generate 0.0% return on investment in Jetway Information over 720 days. Jetway Information is related to or competes with Holy Stone, Walsin Technology, Yageo Corp, and HannStar Board. More
Jetway Information 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 Jetway Information'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 Jetway Information Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 23610.31 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 2.48 |
Jetway Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jetway Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jetway Information's standard deviation. In reality, there are many statistical measures that can use Jetway Information historical prices to predict the future Jetway Information's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 355.66 | |||
| Total Risk Alpha | 292.49 | |||
| Sortino Ratio | 159.49 | |||
| Treynor Ratio | 3.76 |
Jetway Information Backtested Returns
Jetway Information holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Jetway Information exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jetway Information's Market Risk Adjusted Performance of 3.77, risk adjusted performance of 0.1095, and Coefficient Of Variation of 812.99 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 95.0, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Jetway Information will likely underperform. At this point, Jetway Information has a negative expected return of -0.33%. Please make sure to check out Jetway Information's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Jetway Information performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Jetway Information Co has weak predictability. Overlapping area represents the amount of predictability between Jetway Information time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 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 Jetway Information price movement. The serial correlation of 0.21 indicates that over 21.0% of current Jetway Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 134.44 |
Jetway Information lagged returns against current returns
Autocorrelation, which is Jetway Information 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 Jetway Information's stock expected returns. We can calculate the autocorrelation of Jetway Information returns to help us make a trade decision. For example, suppose you find that Jetway Information 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 |
Jetway Information 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 Jetway Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jetway Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jetway Information stock over time.
Current vs Lagged Prices |
| Timeline |
Jetway Information Lagged Returns
When evaluating Jetway Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jetway Information stock have on its future price. Jetway Information 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, Jetway Information autocorrelation shows the relationship between Jetway Information stock current value and its past values and can show if there is a momentum factor associated with investing in Jetway Information Co.
Regressed Prices |
| Timeline |
Pair Trading with Jetway Information
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 Jetway Information 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 Jetway Information will appreciate offsetting losses from the drop in the long position's value.Moving against Jetway Stock
The ability to find closely correlated positions to Jetway Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jetway Information 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 Jetway Information - 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 Jetway Information Co to buy it.
The correlation of Jetway Information 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 Jetway Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jetway Information 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 Jetway Information 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 Jetway Stock Analysis
When running Jetway Information's price analysis, check to measure Jetway Information'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 Jetway Information is operating at the current time. Most of Jetway Information's value examination focuses on studying past and present price action to predict the probability of Jetway Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jetway Information's price. Additionally, you may evaluate how the addition of Jetway Information to your portfolios can decrease your overall portfolio volatility.