Aerospace Industrial (Taiwan) Market Value

2634 Stock  TWD 43.70  0.90  2.10%   
Aerospace Industrial's market value is the price at which a share of Aerospace Industrial trades on a public exchange. It measures the collective expectations of Aerospace Industrial Development investors about its performance. Aerospace Industrial is selling for under 43.70 as of the 11th of December 2024; that is 2.10% increase since the beginning of the trading day. The stock's lowest day price was 43.2.
With this module, you can estimate the performance of a buy and hold strategy of Aerospace Industrial Development and determine expected loss or profit from investing in Aerospace Industrial over a given investment horizon. Check out Aerospace Industrial Correlation, Aerospace Industrial Volatility and Aerospace Industrial Alpha and Beta module to complement your research on Aerospace Industrial.
Symbol

Please note, there is a significant difference between Aerospace Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aerospace Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerospace Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Aerospace Industrial '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 Aerospace Industrial'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 Aerospace Industrial.
0.00
08/19/2023
No Change 0.00  0.0 
In 1 year 3 months and 26 days
12/11/2024
0.00
If you would invest  0.00  in Aerospace Industrial on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Aerospace Industrial Development or generate 0.0% return on investment in Aerospace Industrial over 480 days. Aerospace Industrial is related to or competes with Air Asia, Ruentex Development, Symtek Automation, CTCI Corp, Information Technology, and Kinko Optical. Aerospace Industrial Development Corporation engages in the development, manufacturing, integration, assembly, and testi... More

Aerospace Industrial 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 Aerospace Industrial'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 Aerospace Industrial Development upside and downside potential and time the market with a certain degree of confidence.

Aerospace Industrial Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Aerospace Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aerospace Industrial's standard deviation. In reality, there are many statistical measures that can use Aerospace Industrial historical prices to predict the future Aerospace Industrial's volatility.
Hype
Prediction
LowEstimatedHigh
42.5243.7044.88
Details
Intrinsic
Valuation
LowRealHigh
43.7044.8846.06
Details
Naive
Forecast
LowNextHigh
42.7943.9745.15
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
42.4043.7545.10
Details

Aerospace Industrial Backtested Returns

Aerospace Industrial secures Sharpe Ratio (or Efficiency) of -0.0846, which signifies that the company had a -0.0846% return per unit of risk over the last 3 months. Aerospace Industrial Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aerospace Industrial's Mean Deviation of 0.9233, standard deviation of 1.24, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aerospace Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aerospace Industrial is expected to be smaller as well. At this point, Aerospace Industrial has a negative expected return of -0.1%. Please make sure to confirm Aerospace Industrial's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Aerospace Industrial performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.57  

Modest predictability

Aerospace Industrial Development has modest predictability. Overlapping area represents the amount of predictability between Aerospace Industrial time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Aerospace Industrial price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Aerospace Industrial price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.47
Residual Average0.0
Price Variance17.02

Aerospace Industrial lagged returns against current returns

Autocorrelation, which is Aerospace Industrial 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 Aerospace Industrial's stock expected returns. We can calculate the autocorrelation of Aerospace Industrial returns to help us make a trade decision. For example, suppose you find that Aerospace Industrial 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  

Aerospace Industrial 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 Aerospace Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aerospace Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aerospace Industrial stock over time.
   Current vs Lagged Prices   
       Timeline  

Aerospace Industrial Lagged Returns

When evaluating Aerospace Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aerospace Industrial stock have on its future price. Aerospace Industrial 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, Aerospace Industrial autocorrelation shows the relationship between Aerospace Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Aerospace Industrial Development.
   Regressed Prices   
       Timeline  

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Additional Tools for Aerospace Stock Analysis

When running Aerospace Industrial's price analysis, check to measure Aerospace Industrial'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 Aerospace Industrial is operating at the current time. Most of Aerospace Industrial's value examination focuses on studying past and present price action to predict the probability of Aerospace Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aerospace Industrial's price. Additionally, you may evaluate how the addition of Aerospace Industrial to your portfolios can decrease your overall portfolio volatility.