Formosa Advanced (Taiwan) Market Value
| 8131 Stock | TWD 30.10 0.10 0.33% |
| Symbol | Formosa |
Formosa Advanced '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 Formosa Advanced'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 Formosa Advanced.
| 12/04/2024 |
| 03/04/2025 |
If you would invest 0.00 in Formosa Advanced on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Formosa Advanced Technologies or generate 0.0% return on investment in Formosa Advanced over 90 days. Formosa Advanced is related to or competes with Powertech Technology, Greatek Electronics, Sigurd Microelectronics, King Yuan, and Formosa Taffeta. Formosa Advanced Technologies Co., Ltd. provides wafer probe, integrated circuit assembly and testing, module turnkey, a... More
Formosa Advanced 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 Formosa Advanced'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 Formosa Advanced Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.61 |
Formosa Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosa Advanced's standard deviation. In reality, there are many statistical measures that can use Formosa Advanced historical prices to predict the future Formosa Advanced's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.5121 |
Formosa Advanced Tec Backtested Returns
Formosa Advanced Tec secures Sharpe Ratio (or Efficiency) of -0.0861, which denotes the company had a -0.0861 % return per unit of risk over the last 3 months. Formosa Advanced Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Advanced's Standard Deviation of 1.33, variance of 1.77, and Mean Deviation of 0.9673 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formosa Advanced are expected to decrease at a much lower rate. During the bear market, Formosa Advanced is likely to outperform the market. At this point, Formosa Advanced Tec has a negative expected return of -0.12%. Please make sure to confirm Formosa Advanced's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Formosa Advanced Tec performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Formosa Advanced Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Formosa Advanced time series from 4th of December 2024 to 18th of January 2025 and 18th of January 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 Formosa Advanced Tec price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Formosa Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Formosa Advanced Tec lagged returns against current returns
Autocorrelation, which is Formosa Advanced 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 Formosa Advanced's stock expected returns. We can calculate the autocorrelation of Formosa Advanced returns to help us make a trade decision. For example, suppose you find that Formosa Advanced 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 |
Formosa Advanced 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 Formosa Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosa Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosa Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Formosa Advanced Lagged Returns
When evaluating Formosa Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosa Advanced stock have on its future price. Formosa Advanced 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, Formosa Advanced autocorrelation shows the relationship between Formosa Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Formosa Advanced Technologies.
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 Formosa Stock Analysis
When running Formosa Advanced's price analysis, check to measure Formosa Advanced'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 Formosa Advanced is operating at the current time. Most of Formosa Advanced's value examination focuses on studying past and present price action to predict the probability of Formosa Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Advanced's price. Additionally, you may evaluate how the addition of Formosa Advanced to your portfolios can decrease your overall portfolio volatility.