Flytech Technology (Taiwan) Market Value
| 6206 Stock | TWD 142.00 0.50 0.35% |
| Symbol | Flytech |
Flytech 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 Flytech 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 Flytech Technology.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Flytech Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Flytech Technology Co or generate 0.0% return on investment in Flytech Technology over 90 days. Flytech Technology is related to or competes with Advantech, Posiflex Technology, IEI Integration, Topco Scientific, and Aten International. Flytech Technology Co., Ltd. develops, manufactures, and sells industrial computers and peripherals in Taiwan and intern... More
Flytech 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 Flytech 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 Flytech Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.3048 | |||
| Maximum Drawdown | 16.34 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 9.72 |
Flytech Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flytech Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flytech Technology's standard deviation. In reality, there are many statistical measures that can use Flytech Technology historical prices to predict the future Flytech Technology's volatility.| Risk Adjusted Performance | 0.2455 | |||
| Jensen Alpha | 0.83 | |||
| Total Risk Alpha | 1.26 | |||
| Sortino Ratio | 0.5121 | |||
| Treynor Ratio | (3.07) |
Flytech Technology Backtested Returns
Flytech Technology appears to be very steady, given 3 months investment horizon. Flytech Technology secures Sharpe Ratio (or Efficiency) of 0.29, which denotes the company had a 0.29 % return per unit of risk over the last 3 months. By reviewing Flytech Technology's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please utilize Flytech Technology's Downside Deviation of 1.89, coefficient of variation of 365.46, and Mean Deviation of 2.18 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Flytech Technology holds a performance score of 23. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Flytech Technology are expected to decrease at a much lower rate. During the bear market, Flytech Technology is likely to outperform the market. Please check Flytech Technology's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Flytech Technology's price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Flytech Technology Co has good predictability. Overlapping area represents the amount of predictability between Flytech Technology time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Flytech Technology price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Flytech Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 475.32 |
Flytech Technology lagged returns against current returns
Autocorrelation, which is Flytech 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 Flytech Technology's stock expected returns. We can calculate the autocorrelation of Flytech Technology returns to help us make a trade decision. For example, suppose you find that Flytech 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 |
Flytech 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 Flytech Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flytech Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flytech Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Flytech Technology Lagged Returns
When evaluating Flytech Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flytech Technology stock have on its future price. Flytech 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, Flytech Technology autocorrelation shows the relationship between Flytech Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Flytech Technology Co.
Regressed Prices |
| Timeline |
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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 Flytech Stock Analysis
When running Flytech Technology's price analysis, check to measure Flytech 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 Flytech Technology is operating at the current time. Most of Flytech Technology's value examination focuses on studying past and present price action to predict the probability of Flytech 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 Flytech Technology's price. Additionally, you may evaluate how the addition of Flytech Technology to your portfolios can decrease your overall portfolio volatility.