Alcor Micro (Taiwan) Market Value
| 8054 Stock | TWD 111.50 2.00 1.76% |
| Symbol | Alcor |
Alcor Micro '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 Alcor Micro'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 Alcor Micro.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Alcor Micro on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Alcor Micro or generate 0.0% return on investment in Alcor Micro over 30 days. Alcor Micro is related to or competes with Sporton International, Kings Town, Taishin Financial, Pontex Polyblend, Fubon Financial, Taichung Commercial, and Sports Gear. More
Alcor Micro 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 Alcor Micro'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 Alcor Micro upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.2 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 5.88 |
Alcor Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alcor Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alcor Micro's standard deviation. In reality, there are many statistical measures that can use Alcor Micro historical prices to predict the future Alcor Micro's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.2628 | |||
| Treynor Ratio | 0.3397 |
Alcor Micro Backtested Returns
Alcor Micro secures Sharpe Ratio (or Efficiency) of -0.0403, which signifies that the company had a -0.0403 % return per unit of standard deviation over the last 3 months. Alcor Micro exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alcor Micro's mean deviation of 2.44, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alcor Micro are expected to decrease at a much lower rate. During the bear market, Alcor Micro is likely to outperform the market. At this point, Alcor Micro has a negative expected return of -0.14%. Please make sure to confirm Alcor Micro's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Alcor Micro performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Alcor Micro has very good reverse predictability. Overlapping area represents the amount of predictability between Alcor Micro time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th 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 Alcor Micro price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Alcor Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 23.64 |
Alcor Micro lagged returns against current returns
Autocorrelation, which is Alcor Micro 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 Alcor Micro's stock expected returns. We can calculate the autocorrelation of Alcor Micro returns to help us make a trade decision. For example, suppose you find that Alcor Micro 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 |
Alcor Micro 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 Alcor Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alcor Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alcor Micro stock over time.
Current vs Lagged Prices |
| Timeline |
Alcor Micro Lagged Returns
When evaluating Alcor Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alcor Micro stock have on its future price. Alcor Micro 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, Alcor Micro autocorrelation shows the relationship between Alcor Micro stock current value and its past values and can show if there is a momentum factor associated with investing in Alcor Micro.
Regressed Prices |
| Timeline |
Pair Trading with Alcor Micro
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 Alcor Micro 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 Alcor Micro will appreciate offsetting losses from the drop in the long position's value.Moving together with Alcor Stock
Moving against Alcor Stock
| 0.77 | 2891C | CTBC Financial Holding Earnings Call This Week | PairCorr |
| 0.74 | 3005 | Getac Technology Corp | PairCorr |
| 0.69 | 2881B | Fubon Financial Holding | PairCorr |
| 0.69 | 2888 | Shin Kong Financial | PairCorr |
| 0.6 | 2891B | CTBC Financial Holding Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Alcor Micro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcor Micro 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 Alcor Micro - 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 Alcor Micro to buy it.
The correlation of Alcor Micro 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 Alcor Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcor Micro 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 Alcor Micro 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 Alcor Stock Analysis
When running Alcor Micro's price analysis, check to measure Alcor Micro'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 Alcor Micro is operating at the current time. Most of Alcor Micro's value examination focuses on studying past and present price action to predict the probability of Alcor Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcor Micro's price. Additionally, you may evaluate how the addition of Alcor Micro to your portfolios can decrease your overall portfolio volatility.