Mirle Automation (Taiwan) Market Value
| 2464 Stock | TWD 75.80 2.10 2.85% |
| Symbol | Mirle |
Mirle Automation '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 Mirle Automation'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 Mirle Automation.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mirle Automation on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Mirle Automation Corp or generate 0.0% return on investment in Mirle Automation over 210 days. Mirle Automation is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Mirle Automation Corporation manufactures and sells automation system integrators and related products More
Mirle Automation 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 Mirle Automation'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 Mirle Automation Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.06 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 5.24 |
Mirle Automation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirle Automation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mirle Automation's standard deviation. In reality, there are many statistical measures that can use Mirle Automation historical prices to predict the future Mirle Automation's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.42) |
Mirle Automation Corp Backtested Returns
Mirle Automation Corp has Sharpe Ratio of -0.0654, which conveys that the firm had a -0.0654% return per unit of risk over the last 3 months. Mirle Automation exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mirle Automation's Standard Deviation of 2.74, risk adjusted performance of (0.03), and Mean Deviation of 2.01 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mirle Automation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirle Automation is expected to be smaller as well. At this point, Mirle Automation Corp has a negative expected return of -0.17%. Please make sure to verify Mirle Automation's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Mirle Automation Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Mirle Automation Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Mirle Automation 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 Mirle Automation Corp price movement. The serial correlation of -0.48 indicates that about 48.0% of current Mirle Automation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 13.96 |
Mirle Automation Corp lagged returns against current returns
Autocorrelation, which is Mirle Automation 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 Mirle Automation's stock expected returns. We can calculate the autocorrelation of Mirle Automation returns to help us make a trade decision. For example, suppose you find that Mirle Automation 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 |
Mirle Automation 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 Mirle Automation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mirle Automation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mirle Automation stock over time.
Current vs Lagged Prices |
| Timeline |
Mirle Automation Lagged Returns
When evaluating Mirle Automation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mirle Automation stock have on its future price. Mirle Automation 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, Mirle Automation autocorrelation shows the relationship between Mirle Automation stock current value and its past values and can show if there is a momentum factor associated with investing in Mirle Automation 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 Mirle Stock Analysis
When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.