Edimax Technology (Taiwan) Market Value
| 3047 Stock | TWD 32.50 0.45 1.37% |
| Symbol | Edimax |
Edimax 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 Edimax 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 Edimax Technology.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Edimax Technology on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Edimax Technology Co or generate 0.0% return on investment in Edimax Technology over 540 days. Edimax Technology is related to or competes with United Microelectronics, and Winbond Electronics. EDIMAX Technology Co., Ltd. engages in the design, development, manufacture, and marketing of network communication prod... More
Edimax 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 Edimax 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 Edimax Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 3.29 |
Edimax Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edimax Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edimax Technology's standard deviation. In reality, there are many statistical measures that can use Edimax Technology historical prices to predict the future Edimax Technology's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 5.55 |
Edimax Technology Backtested Returns
Edimax Technology secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Edimax Technology Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edimax Technology's Variance of 6.02, mean deviation of 1.98, and Standard Deviation of 2.45 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0621, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Edimax Technology are expected to decrease at a much lower rate. During the bear market, Edimax Technology is likely to outperform the market. At this point, Edimax Technology has a negative expected return of -0.42%. Please make sure to confirm Edimax Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Edimax Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Edimax Technology Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Edimax Technology time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Edimax Technology price movement. The serial correlation of -0.19 indicates that over 19.0% of current Edimax Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 112.15 |
Edimax Technology lagged returns against current returns
Autocorrelation, which is Edimax 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 Edimax Technology's stock expected returns. We can calculate the autocorrelation of Edimax Technology returns to help us make a trade decision. For example, suppose you find that Edimax 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 |
Edimax 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 Edimax Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edimax Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edimax Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Edimax Technology Lagged Returns
When evaluating Edimax Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edimax Technology stock have on its future price. Edimax 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, Edimax Technology autocorrelation shows the relationship between Edimax Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Edimax Technology Co.
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 Edimax Stock Analysis
When running Edimax Technology's price analysis, check to measure Edimax 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 Edimax Technology is operating at the current time. Most of Edimax Technology's value examination focuses on studying past and present price action to predict the probability of Edimax 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 Edimax Technology's price. Additionally, you may evaluate how the addition of Edimax Technology to your portfolios can decrease your overall portfolio volatility.