Allis Electric (Taiwan) Market Value
| 1514 Stock | TWD 109.00 0.50 0.46% |
| Symbol | Allis |
Allis Electric '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 Allis Electric'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 Allis Electric.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Allis Electric on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Allis Electric Co or generate 0.0% return on investment in Allis Electric over 30 days. Allis Electric is related to or competes with Chung Hsin, Fortune Electric, TECO Electric, Shihlin Electric, and Basso Industry. ,Ltd. engages in development, production, and sale of transformers, switching devices, and electronic products worldwide More
Allis Electric 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 Allis Electric'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 Allis Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 12.03 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 4.57 |
Allis Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allis Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allis Electric's standard deviation. In reality, there are many statistical measures that can use Allis Electric historical prices to predict the future Allis Electric's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.54) |
Allis Electric Backtested Returns
Allis Electric secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Allis Electric Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allis Electric's Risk Adjusted Performance of (0.08), standard deviation of 2.57, and Mean Deviation of 1.87 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allis Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allis Electric is expected to be smaller as well. At this point, Allis Electric has a negative expected return of -0.27%. Please make sure to confirm Allis Electric's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Allis Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Allis Electric Co has weak predictability. Overlapping area represents the amount of predictability between Allis Electric time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Allis Electric price movement. The serial correlation of 0.24 indicates that over 24.0% of current Allis Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 6.84 |
Allis Electric lagged returns against current returns
Autocorrelation, which is Allis Electric 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 Allis Electric's stock expected returns. We can calculate the autocorrelation of Allis Electric returns to help us make a trade decision. For example, suppose you find that Allis Electric 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 |
Allis Electric 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 Allis Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allis Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allis Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Allis Electric Lagged Returns
When evaluating Allis Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allis Electric stock have on its future price. Allis Electric 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, Allis Electric autocorrelation shows the relationship between Allis Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Allis Electric Co.
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 Allis Stock Analysis
When running Allis Electric's price analysis, check to measure Allis Electric'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 Allis Electric is operating at the current time. Most of Allis Electric's value examination focuses on studying past and present price action to predict the probability of Allis Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allis Electric's price. Additionally, you may evaluate how the addition of Allis Electric to your portfolios can decrease your overall portfolio volatility.