Integrated Service (Taiwan) Market Value
| 3289 Stock | TWD 143.50 1.00 0.70% |
| Symbol | Integrated |
Integrated Service '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 Integrated Service'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 Integrated Service.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Integrated Service on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Integrated Service Technology or generate 0.0% return on investment in Integrated Service over 30 days. Integrated Service is related to or competes with Sitronix Technology, Kinsus Interconnect, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Integrated Service Technology, Inc. provides IC circuit debugging, and verification and analysis services to the IC engi... More
Integrated Service 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 Integrated Service'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 Integrated Service Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.71 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 4.56 |
Integrated Service Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Integrated Service's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Integrated Service's standard deviation. In reality, there are many statistical measures that can use Integrated Service historical prices to predict the future Integrated Service's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.21) |
Integrated Service Backtested Returns
Integrated Service holds Efficiency (Sharpe) Ratio of -0.0148, which attests that the entity had a -0.0148% return per unit of risk over the last 3 months. Integrated Service exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Integrated Service's Standard Deviation of 2.7, market risk adjusted performance of (0.20), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Integrated Service's returns are expected to increase less than the market. However, during the bear market, the loss of holding Integrated Service is expected to be smaller as well. At this point, Integrated Service has a negative expected return of -0.0399%. Please make sure to check out Integrated Service's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Integrated Service performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Integrated Service Technology has good predictability. Overlapping area represents the amount of predictability between Integrated Service 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 Integrated Service price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Integrated Service price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 5.0 |
Integrated Service lagged returns against current returns
Autocorrelation, which is Integrated Service 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 Integrated Service's stock expected returns. We can calculate the autocorrelation of Integrated Service returns to help us make a trade decision. For example, suppose you find that Integrated Service 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 |
Integrated Service 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 Integrated Service stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Integrated Service stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Integrated Service stock over time.
Current vs Lagged Prices |
| Timeline |
Integrated Service Lagged Returns
When evaluating Integrated Service's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Integrated Service stock have on its future price. Integrated Service 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, Integrated Service autocorrelation shows the relationship between Integrated Service stock current value and its past values and can show if there is a momentum factor associated with investing in Integrated Service Technology.
Regressed Prices |
| Timeline |
Pair Trading with Integrated Service
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Integrated Service position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Integrated Service will appreciate offsetting losses from the drop in the long position's value.Moving together with Integrated Stock
Moving against Integrated Stock
The ability to find closely correlated positions to Integrated Service could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Integrated Service when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Integrated Service - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Integrated Service Technology to buy it.
The correlation of Integrated Service is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Integrated Service moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Integrated Service moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Integrated Service can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Integrated Stock Analysis
When running Integrated Service's price analysis, check to measure Integrated Service'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 Integrated Service is operating at the current time. Most of Integrated Service's value examination focuses on studying past and present price action to predict the probability of Integrated Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Integrated Service's price. Additionally, you may evaluate how the addition of Integrated Service to your portfolios can decrease your overall portfolio volatility.