Mitake Information (Taiwan) Market Value
| 8284 Stock | TWD 69.30 0.50 0.72% |
| Symbol | Mitake |
Mitake Information '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 Mitake Information'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 Mitake Information.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Mitake Information on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Mitake Information or generate 0.0% return on investment in Mitake Information over 720 days. Mitake Information is related to or competes with APEX International, K Way, YuantaP Shares, YuantaP Shares, Fubon MSCI, and YuantaP Shares. More
Mitake Information 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 Mitake Information'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 Mitake Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.595 | |||
| Information Ratio | 0.0229 | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.57 |
Mitake Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitake Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitake Information's standard deviation. In reality, there are many statistical measures that can use Mitake Information historical prices to predict the future Mitake Information's volatility.| Risk Adjusted Performance | 0.1327 | |||
| Jensen Alpha | 0.127 | |||
| Total Risk Alpha | 0.0201 | |||
| Sortino Ratio | 0.0268 | |||
| Treynor Ratio | (1.30) |
Mitake Information Backtested Returns
At this stage we consider Mitake Stock to be very steady. Mitake Information has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mitake Information, which you can use to evaluate the volatility of the firm. Please verify Mitake Information's Risk Adjusted Performance of 0.1327, mean deviation of 0.5143, and Downside Deviation of 0.595 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Mitake Information has a performance score of 16 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0905, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mitake Information are expected to decrease at a much lower rate. During the bear market, Mitake Information is likely to outperform the market. Mitake Information right now secures a risk of 0.71%. Please verify Mitake Information jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Mitake Information will be following its current price movements.
Auto-correlation | 0.50 |
Modest predictability
Mitake Information has modest predictability. Overlapping area represents the amount of predictability between Mitake Information time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Mitake Information price movement. The serial correlation of 0.5 indicates that about 50.0% of current Mitake Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 3.29 |
Mitake Information lagged returns against current returns
Autocorrelation, which is Mitake Information 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 Mitake Information's stock expected returns. We can calculate the autocorrelation of Mitake Information returns to help us make a trade decision. For example, suppose you find that Mitake Information 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 |
Mitake Information 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 Mitake Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitake Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitake Information stock over time.
Current vs Lagged Prices |
| Timeline |
Mitake Information Lagged Returns
When evaluating Mitake Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitake Information stock have on its future price. Mitake Information 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, Mitake Information autocorrelation shows the relationship between Mitake Information stock current value and its past values and can show if there is a momentum factor associated with investing in Mitake Information.
Regressed Prices |
| Timeline |
Pair Trading with Mitake Information
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 Mitake Information 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 Mitake Information will appreciate offsetting losses from the drop in the long position's value.Moving against Mitake Stock
| 0.65 | 4961 | Fitipower Integrated | PairCorr |
| 0.65 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.56 | 6488 | GlobalWafers | PairCorr |
The ability to find closely correlated positions to Mitake Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitake Information 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 Mitake Information - 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 Mitake Information to buy it.
The correlation of Mitake Information 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 Mitake Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mitake Information 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 Mitake Information 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 Mitake Stock Analysis
When running Mitake Information's price analysis, check to measure Mitake Information'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 Mitake Information is operating at the current time. Most of Mitake Information's value examination focuses on studying past and present price action to predict the probability of Mitake Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitake Information's price. Additionally, you may evaluate how the addition of Mitake Information to your portfolios can decrease your overall portfolio volatility.