INPAQ Technology (Taiwan) Market Value
| 6284 Stock | TWD 79.70 0.60 0.75% |
| Symbol | INPAQ |
INPAQ 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 INPAQ 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 INPAQ Technology.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in INPAQ Technology on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding INPAQ Technology Co or generate 0.0% return on investment in INPAQ Technology over 30 days. INPAQ Technology is related to or competes with Prosperity Dielectrics, Wafer Works, Walsin Technology, Holtek Semiconductor, and Chipbond Technology. More
INPAQ 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 INPAQ 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 INPAQ Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.06 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.09 |
INPAQ Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INPAQ Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INPAQ Technology's standard deviation. In reality, there are many statistical measures that can use INPAQ Technology historical prices to predict the future INPAQ Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 1.53 |
INPAQ Technology Backtested Returns
INPAQ Technology holds Efficiency (Sharpe) Ratio of -0.0395, which attests that the entity had a -0.0395% return per unit of volatility over the last 3 months. INPAQ Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INPAQ Technology's risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 1.54 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0458, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning INPAQ Technology are expected to decrease at a much lower rate. During the bear market, INPAQ Technology is likely to outperform the market. At this point, INPAQ Technology has a negative expected return of -0.0801%. Please make sure to check out INPAQ Technology's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if INPAQ Technology performance from the past will be repeated at future time.
Auto-correlation | -0.1 |
Very weak reverse predictability
INPAQ Technology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between INPAQ Technology time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 INPAQ Technology price movement. The serial correlation of -0.1 indicates that less than 10.0% of current INPAQ Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 3.3 |
INPAQ Technology lagged returns against current returns
Autocorrelation, which is INPAQ 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 INPAQ Technology's stock expected returns. We can calculate the autocorrelation of INPAQ Technology returns to help us make a trade decision. For example, suppose you find that INPAQ 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 |
INPAQ 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 INPAQ Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INPAQ Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INPAQ Technology stock over time.
Current vs Lagged Prices |
| Timeline |
INPAQ Technology Lagged Returns
When evaluating INPAQ Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INPAQ Technology stock have on its future price. INPAQ 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, INPAQ Technology autocorrelation shows the relationship between INPAQ Technology stock current value and its past values and can show if there is a momentum factor associated with investing in INPAQ Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with INPAQ Technology
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 INPAQ Technology 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 INPAQ Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with INPAQ Stock
The ability to find closely correlated positions to INPAQ Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INPAQ Technology 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 INPAQ Technology - 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 INPAQ Technology Co to buy it.
The correlation of INPAQ Technology 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 INPAQ Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INPAQ Technology 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 INPAQ Technology 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 INPAQ Stock Analysis
When running INPAQ Technology's price analysis, check to measure INPAQ 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 INPAQ Technology is operating at the current time. Most of INPAQ Technology's value examination focuses on studying past and present price action to predict the probability of INPAQ 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 INPAQ Technology's price. Additionally, you may evaluate how the addition of INPAQ Technology to your portfolios can decrease your overall portfolio volatility.