ATrack Technology (Taiwan) Market Value
| 6465 Stock | TWD 20.65 0.55 2.59% |
| Symbol | ATrack |
ATrack 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 ATrack 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 ATrack Technology.
| 12/04/2024 |
| 01/03/2025 |
If you would invest 0.00 in ATrack Technology on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding ATrack Technology or generate 0.0% return on investment in ATrack Technology over 30 days. ATrack Technology is related to or competes with Accton Technology, HTC Corp, Wistron NeWeb, Arcadyan Technology, Sercomm Corp, Alpha Networks, and Unizyx Holding. ATrack Technology Inc. designs, develops, manufactures, and sells GPS telematics hardware in Taiwan and internationally More
ATrack 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 ATrack 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 ATrack Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.32 | |||
| Information Ratio | 0.0125 | |||
| Maximum Drawdown | 22.47 | |||
| Value At Risk | (9.83) | |||
| Potential Upside | 9.84 |
ATrack Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATrack Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATrack Technology's standard deviation. In reality, there are many statistical measures that can use ATrack Technology historical prices to predict the future ATrack Technology's volatility.| Risk Adjusted Performance | 0.0203 | |||
| Jensen Alpha | 0.0682 | |||
| Total Risk Alpha | 0.0573 | |||
| Sortino Ratio | 0.0125 | |||
| Treynor Ratio | (0.68) |
ATrack Technology Backtested Returns
ATrack Technology secures Sharpe Ratio (or Efficiency) of -0.0037, which signifies that the company had a -0.0037% return per unit of risk over the last 3 months. ATrack Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATrack Technology's Risk Adjusted Performance of 0.0203, mean deviation of 3.89, and Downside Deviation of 5.32 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ATrack Technology are expected to decrease at a much lower rate. During the bear market, ATrack Technology is likely to outperform the market. At this point, ATrack Technology has a negative expected return of -0.0198%. Please make sure to confirm ATrack Technology's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if ATrack Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
ATrack Technology has good predictability. Overlapping area represents the amount of predictability between ATrack Technology time series from 4th of December 2024 to 19th of December 2024 and 19th of December 2024 to 3rd of January 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 ATrack Technology price movement. The serial correlation of 0.74 indicates that around 74.0% of current ATrack Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
ATrack Technology lagged returns against current returns
Autocorrelation, which is ATrack 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 ATrack Technology's stock expected returns. We can calculate the autocorrelation of ATrack Technology returns to help us make a trade decision. For example, suppose you find that ATrack 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 |
ATrack 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 ATrack Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATrack Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATrack Technology stock over time.
Current vs Lagged Prices |
| Timeline |
ATrack Technology Lagged Returns
When evaluating ATrack Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATrack Technology stock have on its future price. ATrack 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, ATrack Technology autocorrelation shows the relationship between ATrack Technology stock current value and its past values and can show if there is a momentum factor associated with investing in ATrack Technology.
Regressed Prices |
| Timeline |
Pair Trading with ATrack 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 ATrack 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 ATrack Technology will appreciate offsetting losses from the drop in the long position's value.Moving against ATrack Stock
The ability to find closely correlated positions to ATrack 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 ATrack 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 ATrack 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 ATrack Technology to buy it.
The correlation of ATrack 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 ATrack Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATrack 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 ATrack 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 ATrack Stock Analysis
When running ATrack Technology's price analysis, check to measure ATrack 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 ATrack Technology is operating at the current time. Most of ATrack Technology's value examination focuses on studying past and present price action to predict the probability of ATrack 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 ATrack Technology's price. Additionally, you may evaluate how the addition of ATrack Technology to your portfolios can decrease your overall portfolio volatility.