All Ring (Taiwan) Market Value
| 6187 Stock | TWD 433.50 6.50 1.48% |
| Symbol | All |
All Ring '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 All Ring'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 All Ring.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in All Ring on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding All Ring Tech or generate 0.0% return on investment in All Ring over 30 days. All Ring is related to or competes with Genovate Biotechnology, Universal Vision, Apex Biotechnology, Phytohealth Corp, Simplo Technology, and Wholetech System. More
All Ring 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 All Ring'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 All Ring Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.0577 | |||
| Maximum Drawdown | 17.83 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 9.08 |
All Ring Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for All Ring's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as All Ring's standard deviation. In reality, there are many statistical measures that can use All Ring historical prices to predict the future All Ring's volatility.| Risk Adjusted Performance | 0.0814 | |||
| Jensen Alpha | 0.2681 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.065 | |||
| Treynor Ratio | 0.6501 |
All Ring Tech Backtested Returns
All Ring appears to be very steady, given 3 months investment horizon. All Ring Tech secures Sharpe Ratio (or Efficiency) of 0.0842, which signifies that the company had a 0.0842% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for All Ring Tech, which you can use to evaluate the volatility of the firm. Please makes use of All Ring's Risk Adjusted Performance of 0.0814, downside deviation of 3.17, and Mean Deviation of 2.63 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, All Ring holds a performance score of 6. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, All Ring's returns are expected to increase less than the market. However, during the bear market, the loss of holding All Ring is expected to be smaller as well. Please check All Ring's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether All Ring's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
All Ring Tech has insignificant reverse predictability. Overlapping area represents the amount of predictability between All Ring time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 All Ring Tech price movement. The serial correlation of -0.17 indicates that over 17.0% of current All Ring price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 251.6 |
All Ring Tech lagged returns against current returns
Autocorrelation, which is All Ring 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 All Ring's stock expected returns. We can calculate the autocorrelation of All Ring returns to help us make a trade decision. For example, suppose you find that All Ring 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 |
All Ring 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 All Ring stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if All Ring stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in All Ring stock over time.
Current vs Lagged Prices |
| Timeline |
All Ring Lagged Returns
When evaluating All Ring's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of All Ring stock have on its future price. All Ring 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, All Ring autocorrelation shows the relationship between All Ring stock current value and its past values and can show if there is a momentum factor associated with investing in All Ring Tech.
Regressed Prices |
| Timeline |
Pair Trading with All Ring
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 All Ring 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 All Ring will appreciate offsetting losses from the drop in the long position's value.Moving together with All Stock
The ability to find closely correlated positions to All Ring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace All Ring 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 All Ring - 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 All Ring Tech to buy it.
The correlation of All Ring 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 All Ring moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if All Ring Tech 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 All Ring 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 All Stock Analysis
When running All Ring's price analysis, check to measure All Ring'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 All Ring is operating at the current time. Most of All Ring's value examination focuses on studying past and present price action to predict the probability of All Ring's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move All Ring's price. Additionally, you may evaluate how the addition of All Ring to your portfolios can decrease your overall portfolio volatility.