Airtac International (Taiwan) Market Value
| 1590 Stock | TWD 790.00 11.00 1.37% |
| Symbol | Airtac |
Airtac International '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 Airtac International'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 Airtac International.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Airtac International on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Airtac International Group or generate 0.0% return on investment in Airtac International over 30 days. Airtac International is related to or competes with Hiwin Technologies, Advantech, Delta Electronics, Eclat Textile, and Silergy Corp. AirTAC International Group, through its subsidiaries, manufactures and supplies pneumatic equipment worldwide More
Airtac International 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 Airtac International'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 Airtac International Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.86 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 4.18 |
Airtac International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Airtac International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Airtac International's standard deviation. In reality, there are many statistical measures that can use Airtac International historical prices to predict the future Airtac International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.21) |
Airtac International Backtested Returns
Airtac International secures Sharpe Ratio (or Efficiency) of -0.0354, which signifies that the company had a -0.0354% return per unit of risk over the last 3 months. Airtac International Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Airtac International's Mean Deviation of 1.86, risk adjusted performance of (0.01), and Standard Deviation of 2.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Airtac International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Airtac International is expected to be smaller as well. At this point, Airtac International has a negative expected return of -0.1%. Please make sure to confirm Airtac International's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Airtac International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Airtac International Group has good predictability. Overlapping area represents the amount of predictability between Airtac International time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Airtac International price movement. The serial correlation of 0.78 indicates that around 78.0% of current Airtac International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 375.06 |
Airtac International lagged returns against current returns
Autocorrelation, which is Airtac International 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 Airtac International's stock expected returns. We can calculate the autocorrelation of Airtac International returns to help us make a trade decision. For example, suppose you find that Airtac International 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 |
Airtac International 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 Airtac International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Airtac International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Airtac International stock over time.
Current vs Lagged Prices |
| Timeline |
Airtac International Lagged Returns
When evaluating Airtac International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Airtac International stock have on its future price. Airtac International 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, Airtac International autocorrelation shows the relationship between Airtac International stock current value and its past values and can show if there is a momentum factor associated with investing in Airtac International Group.
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 Airtac Stock Analysis
When running Airtac International's price analysis, check to measure Airtac International'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 Airtac International is operating at the current time. Most of Airtac International's value examination focuses on studying past and present price action to predict the probability of Airtac International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Airtac International's price. Additionally, you may evaluate how the addition of Airtac International to your portfolios can decrease your overall portfolio volatility.