Foxconn Technology (Taiwan) Market Value
| 2354 Stock | TWD 76.70 0.60 0.79% |
| Symbol | Foxconn |
Foxconn Technology '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 Foxconn Technology'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 Foxconn Technology.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Foxconn Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Foxconn Technology Co or generate 0.0% return on investment in Foxconn Technology over 60 days. Foxconn Technology is related to or competes with Century Wind, Green World, Ingentec, and Chaheng Precision. Foxconn Technology Co., Ltd. produces and sells metal casings, parts, and components More
Foxconn Technology 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 Foxconn Technology'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 Foxconn Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.0849 | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 6.4 |
Foxconn Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foxconn Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foxconn Technology's standard deviation. In reality, there are many statistical measures that can use Foxconn Technology historical prices to predict the future Foxconn Technology's volatility.| Risk Adjusted Performance | 0.0826 | |||
| Jensen Alpha | 0.2743 | |||
| Total Risk Alpha | 0.209 | |||
| Sortino Ratio | 0.0833 | |||
| Treynor Ratio | 0.2508 |
Foxconn Technology Backtested Returns
Foxconn Technology appears to be very steady, given 3 months investment horizon. Foxconn Technology secures Sharpe Ratio (or Efficiency) of 0.0933, which denotes the company had a 0.0933% return per unit of risk over the last 3 months. We have found thirty technical indicators for Foxconn Technology Co, which you can use to evaluate the volatility of the firm. Please utilize Foxconn Technology's Downside Deviation of 3.35, coefficient of variation of 1055.96, and Mean Deviation of 2.19 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Foxconn Technology holds a performance score of 7. The firm shows a Beta (market volatility) of 1.2, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Foxconn Technology will likely underperform. Please check Foxconn Technology's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Foxconn Technology's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Foxconn Technology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Foxconn Technology time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Foxconn Technology price movement. The serial correlation of -0.01 indicates that just 1.0% of current Foxconn Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 10.56 |
Foxconn Technology lagged returns against current returns
Autocorrelation, which is Foxconn Technology 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 Foxconn Technology's stock expected returns. We can calculate the autocorrelation of Foxconn Technology returns to help us make a trade decision. For example, suppose you find that Foxconn Technology 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 |
Foxconn Technology 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 Foxconn Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foxconn Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foxconn Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Foxconn Technology Lagged Returns
When evaluating Foxconn Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foxconn Technology stock have on its future price. Foxconn Technology 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, Foxconn Technology autocorrelation shows the relationship between Foxconn Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Foxconn Technology 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 Foxconn Stock Analysis
When running Foxconn Technology's price analysis, check to measure Foxconn Technology'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 Foxconn Technology is operating at the current time. Most of Foxconn Technology's value examination focuses on studying past and present price action to predict the probability of Foxconn Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foxconn Technology's price. Additionally, you may evaluate how the addition of Foxconn Technology to your portfolios can decrease your overall portfolio volatility.