Marketech International (Taiwan) Market Value
| 6196 Stock | TWD 144.50 2.00 1.37% |
| Symbol | Marketech |
Marketech International '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 Marketech International'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 Marketech International.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Marketech International on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Marketech International Corp or generate 0.0% return on investment in Marketech International over 30 days. Marketech International is related to or competes with United Integrated, Foxsemicon Integrated, Topco Scientific, Nan Ya, and Sitronix Technology. Marketech International Corp., manufactures, sells, imports, and trades in a range of integrated circuits, semiconductor... More
Marketech International 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 Marketech International'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 Marketech International Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 1.69 |
Marketech International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marketech International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marketech International's standard deviation. In reality, there are many statistical measures that can use Marketech International historical prices to predict the future Marketech International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.09) |
Marketech International Backtested Returns
Marketech International has Sharpe Ratio of -0.057, which conveys that the firm had a -0.057% return per unit of risk over the last 3 months. Marketech International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Marketech International's Mean Deviation of 1.01, standard deviation of 1.26, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Marketech International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marketech International is expected to be smaller as well. At this point, Marketech International has a negative expected return of -0.0671%. Please make sure to verify Marketech International's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Marketech International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Marketech International Corp has good predictability. Overlapping area represents the amount of predictability between Marketech International time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Marketech International price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Marketech International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2.82 |
Marketech International lagged returns against current returns
Autocorrelation, which is Marketech International 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 Marketech International's stock expected returns. We can calculate the autocorrelation of Marketech International returns to help us make a trade decision. For example, suppose you find that Marketech International 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 |
Marketech International 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 Marketech International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marketech International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marketech International stock over time.
Current vs Lagged Prices |
| Timeline |
Marketech International Lagged Returns
When evaluating Marketech International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marketech International stock have on its future price. Marketech International 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, Marketech International autocorrelation shows the relationship between Marketech International stock current value and its past values and can show if there is a momentum factor associated with investing in Marketech International Corp.
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 Marketech Stock Analysis
When running Marketech International's price analysis, check to measure Marketech International'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 Marketech International is operating at the current time. Most of Marketech International's value examination focuses on studying past and present price action to predict the probability of Marketech International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marketech International's price. Additionally, you may evaluate how the addition of Marketech International to your portfolios can decrease your overall portfolio volatility.