Inmax Holding (Taiwan) Market Value
| 1591 Stock | TWD 54.80 0.80 1.48% |
| Symbol | Inmax |
Inmax Holding '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 Inmax Holding'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 Inmax Holding.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Inmax Holding on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Inmax Holding Co or generate 0.0% return on investment in Inmax Holding over 30 days. Inmax Holding is related to or competes with Emerging Display, Great Computer, Syscom Computer, Solar Applied, Asia Electronic, Materials Analysis, and CKM Building. Inmax Holding Co., Ltd. manufactures and sells a range of fasteners primarily in the Southeast Asia region More
Inmax Holding 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 Inmax Holding'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 Inmax Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.0138 | |||
| Maximum Drawdown | 18.3 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 7.52 |
Inmax Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inmax Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inmax Holding's standard deviation. In reality, there are many statistical measures that can use Inmax Holding historical prices to predict the future Inmax Holding's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | 0.1324 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0151 | |||
| Treynor Ratio | 2.73 |
Inmax Holding Backtested Returns
Inmax Holding appears to be very steady, given 3 months investment horizon. Inmax Holding holds Efficiency (Sharpe) Ratio of 0.0571, which attests that the entity had a 0.0571% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Inmax Holding, which you can use to evaluate the volatility of the firm. Please utilize Inmax Holding's Market Risk Adjusted Performance of 2.74, risk adjusted performance of 0.0393, and Downside Deviation of 3.11 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inmax Holding holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 0.0502, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Inmax Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inmax Holding is expected to be smaller as well. Please check Inmax Holding's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Inmax Holding's current trending patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Inmax Holding Co has good reverse predictability. Overlapping area represents the amount of predictability between Inmax Holding time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Inmax Holding price movement. The serial correlation of -0.53 indicates that about 53.0% of current Inmax Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
Inmax Holding lagged returns against current returns
Autocorrelation, which is Inmax Holding 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 Inmax Holding's stock expected returns. We can calculate the autocorrelation of Inmax Holding returns to help us make a trade decision. For example, suppose you find that Inmax Holding 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 |
Inmax Holding 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 Inmax Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inmax Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inmax Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Inmax Holding Lagged Returns
When evaluating Inmax Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inmax Holding stock have on its future price. Inmax Holding 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, Inmax Holding autocorrelation shows the relationship between Inmax Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Inmax Holding Co.
Regressed Prices |
| Timeline |
Pair Trading with Inmax Holding
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 Inmax Holding 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 Inmax Holding will appreciate offsetting losses from the drop in the long position's value.Moving against Inmax Stock
| 0.71 | 8349 | QST International | PairCorr |
| 0.55 | 5007 | San Shing Fastech | PairCorr |
| 0.51 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.5 | 8021 | Topoint Technology | PairCorr |
| 0.37 | 1527 | Basso Industry Corp | PairCorr |
The ability to find closely correlated positions to Inmax Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inmax Holding 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 Inmax Holding - 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 Inmax Holding Co to buy it.
The correlation of Inmax Holding 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 Inmax Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inmax Holding 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 Inmax Holding 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 Inmax Stock Analysis
When running Inmax Holding's price analysis, check to measure Inmax Holding'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 Inmax Holding is operating at the current time. Most of Inmax Holding's value examination focuses on studying past and present price action to predict the probability of Inmax Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inmax Holding's price. Additionally, you may evaluate how the addition of Inmax Holding to your portfolios can decrease your overall portfolio volatility.