AV Tech (Taiwan) Market Value
| 8072 Stock | TWD 26.05 0.25 0.95% |
| Symbol | 8072 |
AV Tech '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 AV Tech'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 AV Tech.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in AV Tech on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding AV Tech Corp or generate 0.0% return on investment in AV Tech over 450 days. AV Tech is related to or competes with Taiwan Semiconductor, Yang Ming, ASE Industrial, AU Optronics, Innolux Corp, Nan Ya, and Chunghwa Telecom. AV TECH Corporation manufactures and sells surveillance products in Taiwan More
AV Tech 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 AV Tech'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 AV Tech Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.72 |
AV Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AV Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AV Tech's standard deviation. In reality, there are many statistical measures that can use AV Tech historical prices to predict the future AV Tech's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.25) |
AV Tech Corp Backtested Returns
AV Tech Corp retains Efficiency (Sharpe Ratio) of -0.0376, which signifies that the company had a -0.0376% return per unit of price deviation over the last 3 months. AV Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AV Tech's Market Risk Adjusted Performance of (0.24), information ratio of (0.18), and Variance of 1.51 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AV Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding AV Tech is expected to be smaller as well. At this point, AV Tech Corp has a negative expected return of -0.0464%. Please make sure to confirm AV Tech's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if AV Tech Corp performance from the past will be repeated sooner or later.
Auto-correlation | 0.00 |
No correlation between past and present
AV Tech Corp has no correlation between past and present. Overlapping area represents the amount of predictability between AV Tech time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd 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 AV Tech Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current AV Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2.84 |
AV Tech Corp lagged returns against current returns
Autocorrelation, which is AV Tech 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 AV Tech's stock expected returns. We can calculate the autocorrelation of AV Tech returns to help us make a trade decision. For example, suppose you find that AV Tech 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 |
AV Tech 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 AV Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AV Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AV Tech stock over time.
Current vs Lagged Prices |
| Timeline |
AV Tech Lagged Returns
When evaluating AV Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AV Tech stock have on its future price. AV Tech 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, AV Tech autocorrelation shows the relationship between AV Tech stock current value and its past values and can show if there is a momentum factor associated with investing in AV Tech Corp.
Regressed Prices |
| Timeline |
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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 8072 Stock Analysis
When running AV Tech's price analysis, check to measure AV Tech'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 AV Tech is operating at the current time. Most of AV Tech's value examination focuses on studying past and present price action to predict the probability of AV Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AV Tech's price. Additionally, you may evaluate how the addition of AV Tech to your portfolios can decrease your overall portfolio volatility.