Apacer Technology (Taiwan) Market Value
| 8271 Stock | TWD 44.80 1.95 4.17% |
| Symbol | Apacer |
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.
| 11/16/2024 |
| 12/16/2024 |
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.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 1.99 |
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.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (1.71) |
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 Coefficient | 0.24 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.84 |
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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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 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.