Avision (Taiwan) Market Value
| 2380 Stock | TWD 5.03 0.07 1.37% |
| Symbol | Avision |
Avision '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 Avision'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 Avision.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Avision on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Avision or generate 0.0% return on investment in Avision over 30 days. Avision is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Innolux Corp, Nan Ya, and Chunghwa Telecom. Avision Inc. designs, manufactures, and markets a range of scanners and key components for multi-function products world... More
Avision 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 Avision'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 Avision upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.93 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.56 |
Avision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avision's standard deviation. In reality, there are many statistical measures that can use Avision historical prices to predict the future Avision's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.78) |
Avision Backtested Returns
Avision secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Avision exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avision's Standard Deviation of 2.42, risk adjusted performance of (0.10), and Mean Deviation of 1.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Avision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Avision is expected to be smaller as well. At this point, Avision has a negative expected return of -0.35%. Please make sure to confirm Avision's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Avision performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Avision has virtually no predictability. Overlapping area represents the amount of predictability between Avision time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Avision price movement. The serial correlation of 0.01 indicates that just 1.0% of current Avision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Avision lagged returns against current returns
Autocorrelation, which is Avision 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 Avision's stock expected returns. We can calculate the autocorrelation of Avision returns to help us make a trade decision. For example, suppose you find that Avision 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 |
Avision 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 Avision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avision stock over time.
Current vs Lagged Prices |
| Timeline |
Avision Lagged Returns
When evaluating Avision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avision stock have on its future price. Avision 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, Avision autocorrelation shows the relationship between Avision stock current value and its past values and can show if there is a momentum factor associated with investing in Avision.
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 Avision Stock Analysis
When running Avision's price analysis, check to measure Avision'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 Avision is operating at the current time. Most of Avision's value examination focuses on studying past and present price action to predict the probability of Avision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avision's price. Additionally, you may evaluate how the addition of Avision to your portfolios can decrease your overall portfolio volatility.