AP Memory (Taiwan) Market Value
| 6531 Stock | 317.00 6.00 1.93% |
| Symbol | 6531 |
AP Memory '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 AP Memory'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 AP Memory.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in AP Memory on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding AP Memory Technology or generate 0.0% return on investment in AP Memory over 360 days. AP Memory is related to or competes with WIN Semiconductors, GlobalWafers, Novatek Microelectronics, Ruentex Development, WiseChip Semiconductor, Leader Electronics, and Information Technology. More
AP Memory 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 AP Memory'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 AP Memory Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.4 |
AP Memory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AP Memory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AP Memory's standard deviation. In reality, there are many statistical measures that can use AP Memory historical prices to predict the future AP Memory's volatility.| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | 0.0823 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.12 |
AP Memory Technology Backtested Returns
At this stage we consider 6531 Stock to be very steady. AP Memory Technology retains Efficiency (Sharpe Ratio) of 0.0809, which signifies that the company had a 0.0809% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for AP Memory, which you can use to evaluate the volatility of the firm. Please confirm AP Memory's Coefficient Of Variation of 1856.1, market risk adjusted performance of 1.13, and Standard Deviation of 1.87 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. AP Memory has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0807, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AP Memory's returns are expected to increase less than the market. However, during the bear market, the loss of holding AP Memory is expected to be smaller as well. AP Memory Technology today owns a risk of 1.89%. Please confirm AP Memory Technology market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if AP Memory Technology will be following its current price history.
Auto-correlation | 0.58 |
Modest predictability
AP Memory Technology has modest predictability. Overlapping area represents the amount of predictability between AP Memory time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 AP Memory Technology price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current AP Memory price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1125.04 |
AP Memory Technology lagged returns against current returns
Autocorrelation, which is AP Memory 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 AP Memory's stock expected returns. We can calculate the autocorrelation of AP Memory returns to help us make a trade decision. For example, suppose you find that AP Memory 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 |
AP Memory 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 AP Memory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AP Memory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AP Memory stock over time.
Current vs Lagged Prices |
| Timeline |
AP Memory Lagged Returns
When evaluating AP Memory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AP Memory stock have on its future price. AP Memory 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, AP Memory autocorrelation shows the relationship between AP Memory stock current value and its past values and can show if there is a momentum factor associated with investing in AP Memory Technology.
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 6531 Stock Analysis
When running AP Memory's price analysis, check to measure AP Memory'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 AP Memory is operating at the current time. Most of AP Memory's value examination focuses on studying past and present price action to predict the probability of AP Memory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AP Memory's price. Additionally, you may evaluate how the addition of AP Memory to your portfolios can decrease your overall portfolio volatility.