Faraday Technology (Taiwan) Market Value
| 3035 Stock | TWD 220.50 1.50 0.68% |
| Symbol | Faraday |
Faraday 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 Faraday 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 Faraday Technology.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Faraday Technology on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Faraday Technology Corp or generate 0.0% return on investment in Faraday Technology over 30 days. Faraday Technology is related to or competes with Global Unichip, Novatek Microelectronics, Realtek Semiconductor, Unimicron Technology, and Elan Microelectronics. Faraday Technology Corporation operates as a fabless ASICSoC and silicon intellectual property provider worldwide More
Faraday 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 Faraday 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 Faraday Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.9 |
Faraday Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Faraday Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Faraday Technology's standard deviation. In reality, there are many statistical measures that can use Faraday Technology historical prices to predict the future Faraday Technology's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (0.61) |
Faraday Technology Corp Backtested Returns
Faraday Technology Corp secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Faraday Technology Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Faraday Technology's Standard Deviation of 2.44, mean deviation of 1.76, and Variance of 5.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, Faraday Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Faraday Technology is expected to be smaller as well. At this point, Faraday Technology Corp has a negative expected return of -0.23%. Please make sure to confirm Faraday Technology's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Faraday Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Faraday Technology Corp has good predictability. Overlapping area represents the amount of predictability between Faraday Technology time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Faraday Technology Corp price movement. The serial correlation of 0.69 indicates that around 69.0% of current Faraday Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 14.29 |
Faraday Technology Corp lagged returns against current returns
Autocorrelation, which is Faraday 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 Faraday Technology's stock expected returns. We can calculate the autocorrelation of Faraday Technology returns to help us make a trade decision. For example, suppose you find that Faraday 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 |
Faraday 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 Faraday Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Faraday Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Faraday Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Faraday Technology Lagged Returns
When evaluating Faraday Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Faraday Technology stock have on its future price. Faraday 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, Faraday Technology autocorrelation shows the relationship between Faraday Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Faraday Technology 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 Faraday Stock Analysis
When running Faraday Technology's price analysis, check to measure Faraday 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 Faraday Technology is operating at the current time. Most of Faraday Technology's value examination focuses on studying past and present price action to predict the probability of Faraday 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 Faraday Technology's price. Additionally, you may evaluate how the addition of Faraday Technology to your portfolios can decrease your overall portfolio volatility.