ADLINK Technology (Taiwan) Market Value
| 6166 Stock | TWD 79.80 2.50 3.23% |
| Symbol | ADLINK |
ADLINK 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 ADLINK 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 ADLINK Technology.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ADLINK Technology on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ADLINK Technology or generate 0.0% return on investment in ADLINK Technology over 90 days. ADLINK Technology is related to or competes with Central Reinsurance, Mechema Chemicals, Mercuries Life, Union Bank, Taichung Commercial, and Farglory FTZ. ADLINK Technology, Inc. provides embedded computing products and services to the test and measurement, automation and pr... More
ADLINK 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 ADLINK 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 ADLINK Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.1003 | |||
| Maximum Drawdown | 11.37 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 5.03 |
ADLINK Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADLINK Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADLINK Technology's standard deviation. In reality, there are many statistical measures that can use ADLINK Technology historical prices to predict the future ADLINK Technology's volatility.| Risk Adjusted Performance | 0.0596 | |||
| Jensen Alpha | 0.1867 | |||
| Total Risk Alpha | 0.4589 | |||
| Sortino Ratio | 0.1151 | |||
| Treynor Ratio | 0.3626 |
ADLINK Technology Backtested Returns
ADLINK Technology appears to be very steady, given 3 months investment horizon. ADLINK Technology secures Sharpe Ratio (or Efficiency) of 0.0836, which signifies that the company had a 0.0836 % return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ADLINK Technology, which you can use to evaluate the volatility of the firm. Please makes use of ADLINK Technology's Risk Adjusted Performance of 0.0596, semi deviation of 2.0, and Mean Deviation of 1.95 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ADLINK Technology holds a performance score of 6. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ADLINK Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding ADLINK Technology is expected to be smaller as well. Please check ADLINK Technology's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether ADLINK Technology's price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
ADLINK Technology has modest predictability. Overlapping area represents the amount of predictability between ADLINK Technology time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 ADLINK Technology price movement. The serial correlation of 0.51 indicates that about 51.0% of current ADLINK Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 10.77 |
ADLINK Technology lagged returns against current returns
Autocorrelation, which is ADLINK 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 ADLINK Technology's stock expected returns. We can calculate the autocorrelation of ADLINK Technology returns to help us make a trade decision. For example, suppose you find that ADLINK 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 |
ADLINK 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 ADLINK Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADLINK Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADLINK Technology stock over time.
Current vs Lagged Prices |
| Timeline |
ADLINK Technology Lagged Returns
When evaluating ADLINK Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADLINK Technology stock have on its future price. ADLINK 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, ADLINK Technology autocorrelation shows the relationship between ADLINK Technology stock current value and its past values and can show if there is a momentum factor associated with investing in ADLINK Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
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 ADLINK Stock Analysis
When running ADLINK Technology's price analysis, check to measure ADLINK 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 ADLINK Technology is operating at the current time. Most of ADLINK Technology's value examination focuses on studying past and present price action to predict the probability of ADLINK 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 ADLINK Technology's price. Additionally, you may evaluate how the addition of ADLINK Technology to your portfolios can decrease your overall portfolio volatility.