Interactive Digital (Taiwan) Market Value
| 6486 Stock | TWD 86.80 0.30 0.35% |
| Symbol | Interactive |
Interactive Digital '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 Interactive Digital'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 Interactive Digital.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Interactive Digital on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Interactive Digital Technologies or generate 0.0% return on investment in Interactive Digital over 90 days. Interactive Digital is related to or competes with Topco Scientific, Greatek Electronics, Radiant Opto, Zero One, and Powertech Technology. More
Interactive Digital 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 Interactive Digital'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 Interactive Digital Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.147 | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.09 |
Interactive Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Interactive Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Interactive Digital's standard deviation. In reality, there are many statistical measures that can use Interactive Digital historical prices to predict the future Interactive Digital's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0269 | |||
| Total Risk Alpha | 0.1201 | |||
| Sortino Ratio | 0.1215 | |||
| Treynor Ratio | 0.1306 |
Interactive Digital Backtested Returns
At this stage we consider Interactive Stock to be very steady. Interactive Digital holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Interactive Digital, which you can use to evaluate the volatility of the firm. Please check out Interactive Digital's Market Risk Adjusted Performance of 0.1406, risk adjusted performance of 0.0252, and Downside Deviation of 1.02 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Interactive Digital has a performance score of 14 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Interactive Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Interactive Digital is expected to be smaller as well. Interactive Digital right now retains a risk of 0.67%. Please check out Interactive Digital total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Interactive Digital will be following its current trending patterns.
Auto-correlation | 0.45 |
Average predictability
Interactive Digital Technologies has average predictability. Overlapping area represents the amount of predictability between Interactive Digital time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Interactive Digital price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Interactive Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 5.09 |
Interactive Digital lagged returns against current returns
Autocorrelation, which is Interactive Digital 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 Interactive Digital's stock expected returns. We can calculate the autocorrelation of Interactive Digital returns to help us make a trade decision. For example, suppose you find that Interactive Digital 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 |
Interactive Digital 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 Interactive Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Interactive Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Interactive Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Interactive Digital Lagged Returns
When evaluating Interactive Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Interactive Digital stock have on its future price. Interactive Digital 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, Interactive Digital autocorrelation shows the relationship between Interactive Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Interactive Digital Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Interactive Digital
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 Interactive Digital 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 Interactive Digital will appreciate offsetting losses from the drop in the long position's value.Moving against Interactive Stock
| 0.59 | 5210 | APEX International | PairCorr |
| 0.56 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.48 | 6689 | eCloudvalley Digital | PairCorr |
| 0.45 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.43 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Interactive Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Interactive Digital 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 Interactive Digital - 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 Interactive Digital Technologies to buy it.
The correlation of Interactive Digital 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 Interactive Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Interactive Digital 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 Interactive Digital 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 Interactive Stock Analysis
When running Interactive Digital's price analysis, check to measure Interactive Digital'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 Interactive Digital is operating at the current time. Most of Interactive Digital's value examination focuses on studying past and present price action to predict the probability of Interactive Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Interactive Digital's price. Additionally, you may evaluate how the addition of Interactive Digital to your portfolios can decrease your overall portfolio volatility.