Ichia Technologies (Taiwan) Market Value
| 2402 Stock | TWD 41.40 0.80 1.97% |
| Symbol | Ichia |
Ichia Technologies '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 Ichia Technologies' 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 Ichia Technologies.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ichia Technologies on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Ichia Technologies or generate 0.0% return on investment in Ichia Technologies over 210 days. Ichia Technologies is related to or competes with Taiwan Semiconductor, Yang Ming, ASE Industrial, AU Optronics, Innolux Corp, United Microelectronics, and Nan Ya. Ichia Technologies, Inc. manufactures and sells electronic components worldwide More
Ichia Technologies 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 Ichia Technologies' 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 Ichia Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.01 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.86 |
Ichia Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ichia Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ichia Technologies' standard deviation. In reality, there are many statistical measures that can use Ichia Technologies historical prices to predict the future Ichia Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.20) |
Ichia Technologies Backtested Returns
Ichia Technologies holds Efficiency (Sharpe) Ratio of -0.032, which attests that the entity had a -0.032% return per unit of risk over the last 3 months. Ichia Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ichia Technologies' Market Risk Adjusted Performance of (0.19), standard deviation of 2.13, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ichia Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ichia Technologies is expected to be smaller as well. At this point, Ichia Technologies has a negative expected return of -0.0686%. Please make sure to check out Ichia Technologies' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Ichia Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Ichia Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Ichia Technologies time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Ichia Technologies price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Ichia Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 3.1 |
Ichia Technologies lagged returns against current returns
Autocorrelation, which is Ichia Technologies 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 Ichia Technologies' stock expected returns. We can calculate the autocorrelation of Ichia Technologies returns to help us make a trade decision. For example, suppose you find that Ichia Technologies 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 |
Ichia Technologies 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 Ichia Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ichia Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ichia Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Ichia Technologies Lagged Returns
When evaluating Ichia Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ichia Technologies stock have on its future price. Ichia Technologies 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, Ichia Technologies autocorrelation shows the relationship between Ichia Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Ichia Technologies.
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 Ichia Stock Analysis
When running Ichia Technologies' price analysis, check to measure Ichia Technologies' 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 Ichia Technologies is operating at the current time. Most of Ichia Technologies' value examination focuses on studying past and present price action to predict the probability of Ichia Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ichia Technologies' price. Additionally, you may evaluate how the addition of Ichia Technologies to your portfolios can decrease your overall portfolio volatility.