Apacer Technology (Taiwan) Market Value

8271 Stock  TWD 44.80  1.95  4.17%   
Apacer Technology's market value is the price at which a share of Apacer Technology trades on a public exchange. It measures the collective expectations of Apacer Technology investors about its performance. Apacer Technology is selling for under 44.80 as of the 16th of December 2024; that is 4.17 percent decrease since the beginning of the trading day. The stock's lowest day price was 44.7.
With this module, you can estimate the performance of a buy and hold strategy of Apacer Technology and determine expected loss or profit from investing in Apacer Technology over a given investment horizon. Check out Apacer Technology Correlation, Apacer Technology Volatility and Apacer Technology Alpha and Beta module to complement your research on Apacer Technology.
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Please note, there is a significant difference between Apacer Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apacer Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apacer Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Apacer Technology '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 Apacer Technology'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 Apacer Technology.
0.00
11/16/2024
No Change 0.00  0.0 
In 30 days
12/16/2024
0.00
If you would invest  0.00  in Apacer Technology on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Apacer Technology or generate 0.0% return on investment in Apacer Technology over 30 days. Apacer Technology is related to or competes with Transcend Information, Adata Technology, Holtek Semiconductor, Phison Electronics, and Powertech Technology. Apacer Technology Inc. researches, designs, develops, manufactures, and markets industrial solid-state drives , consumer... More

Apacer Technology 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 Apacer Technology'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 Apacer Technology upside and downside potential and time the market with a certain degree of confidence.

Apacer Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Apacer Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apacer Technology's standard deviation. In reality, there are many statistical measures that can use Apacer Technology historical prices to predict the future Apacer Technology's volatility.
Hype
Prediction
LowEstimatedHigh
43.2944.8046.31
Details
Intrinsic
Valuation
LowRealHigh
41.5043.0149.28
Details

Apacer Technology Backtested Returns

Apacer Technology secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of standard deviation over the last 3 months. Apacer Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apacer Technology's risk adjusted performance of (0.09), and Mean Deviation of 1.16 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apacer Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apacer Technology is expected to be smaller as well. At this point, Apacer Technology has a negative expected return of -0.21%. Please make sure to confirm Apacer Technology's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Apacer Technology performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.24  

Weak predictability

Apacer Technology has weak predictability. Overlapping area represents the amount of predictability between Apacer Technology time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Apacer Technology price movement. The serial correlation of 0.24 indicates that over 24.0% of current Apacer Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test-0.25
Residual Average0.0
Price Variance1.84

Apacer Technology lagged returns against current returns

Autocorrelation, which is Apacer Technology 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 Apacer Technology's stock expected returns. We can calculate the autocorrelation of Apacer Technology returns to help us make a trade decision. For example, suppose you find that Apacer Technology 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  

Apacer Technology 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 Apacer Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apacer Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apacer Technology stock over time.
   Current vs Lagged Prices   
       Timeline  

Apacer Technology Lagged Returns

When evaluating Apacer Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apacer Technology stock have on its future price. Apacer Technology 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, Apacer Technology autocorrelation shows the relationship between Apacer Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Apacer Technology.
   Regressed Prices   
       Timeline  

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Additional Tools for Apacer Stock Analysis

When running Apacer Technology's price analysis, check to measure Apacer Technology'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 Apacer Technology is operating at the current time. Most of Apacer Technology's value examination focuses on studying past and present price action to predict the probability of Apacer Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apacer Technology's price. Additionally, you may evaluate how the addition of Apacer Technology to your portfolios can decrease your overall portfolio volatility.