Ritek Corp (Taiwan) Market Value
| 2349 Stock | TWD 15.10 0.35 2.27% |
| Symbol | Ritek |
Ritek Corp '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 Ritek Corp'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 Ritek Corp.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ritek Corp on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Ritek Corp or generate 0.0% return on investment in Ritek Corp over 330 days. Ritek Corp is related to or competes with CMC Magnetics, VIA Technologies, Winbond Electronics, Macronix International, and United Microelectronics. RITEK Corporation manufactures and markets optical storage media products worldwide More
Ritek Corp 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 Ritek Corp'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 Ritek Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 5.59 |
Ritek Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ritek Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ritek Corp's standard deviation. In reality, there are many statistical measures that can use Ritek Corp historical prices to predict the future Ritek Corp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 1.21 |
Ritek Corp Backtested Returns
Ritek Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0347, which implies the firm had a -0.0347% return per unit of risk over the last 3 months. Ritek Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ritek Corp's Risk Adjusted Performance of (0.02), coefficient of variation of (2,883), and Variance of 7.98 to confirm the risk estimate we provide. The company holds a Beta of -0.0895, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ritek Corp are expected to decrease at a much lower rate. During the bear market, Ritek Corp is likely to outperform the market. At this point, Ritek Corp has a negative expected return of -0.098%. Please make sure to check Ritek Corp's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Ritek Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Ritek Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Ritek Corp time series from 7th of January 2024 to 20th of June 2024 and 20th of June 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 Ritek Corp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Ritek Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 3.52 |
Ritek Corp lagged returns against current returns
Autocorrelation, which is Ritek Corp 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 Ritek Corp's stock expected returns. We can calculate the autocorrelation of Ritek Corp returns to help us make a trade decision. For example, suppose you find that Ritek Corp 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 |
Ritek Corp 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 Ritek Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ritek Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ritek Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Ritek Corp Lagged Returns
When evaluating Ritek Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ritek Corp stock have on its future price. Ritek Corp 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, Ritek Corp autocorrelation shows the relationship between Ritek Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Ritek Corp.
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 Ritek Stock Analysis
When running Ritek Corp's price analysis, check to measure Ritek Corp'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 Ritek Corp is operating at the current time. Most of Ritek Corp's value examination focuses on studying past and present price action to predict the probability of Ritek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ritek Corp's price. Additionally, you may evaluate how the addition of Ritek Corp to your portfolios can decrease your overall portfolio volatility.