Casing Macron (Taiwan) Market Value
| 3325 Stock | TWD 19.45 0.05 0.26% |
| Symbol | Casing |
Casing Macron '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 Casing Macron'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 Casing Macron.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Casing Macron on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Casing Macron Technology or generate 0.0% return on investment in Casing Macron over 30 days. Casing Macron is related to or competes with Niching Industrial, Dimension Computer, Kworld Computer, Ruentex Development, Symtek Automation, WiseChip Semiconductor, and Novatek Microelectronics. More
Casing Macron 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 Casing Macron'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 Casing Macron Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.69 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 2.6 |
Casing Macron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Casing Macron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Casing Macron's standard deviation. In reality, there are many statistical measures that can use Casing Macron historical prices to predict the future Casing Macron's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.42) |
Casing Macron Technology Backtested Returns
Casing Macron Technology secures Sharpe Ratio (or Efficiency) of -0.0804, which signifies that the company had a -0.0804% return per unit of risk over the last 3 months. Casing Macron Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Casing Macron's Risk Adjusted Performance of (0.05), mean deviation of 1.67, and Standard Deviation of 2.56 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Casing Macron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Casing Macron is expected to be smaller as well. At this point, Casing Macron Technology has a negative expected return of -0.21%. Please make sure to confirm Casing Macron's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Casing Macron Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Casing Macron Technology has virtually no predictability. Overlapping area represents the amount of predictability between Casing Macron time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Casing Macron Technology price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Casing Macron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Casing Macron Technology lagged returns against current returns
Autocorrelation, which is Casing Macron 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 Casing Macron's stock expected returns. We can calculate the autocorrelation of Casing Macron returns to help us make a trade decision. For example, suppose you find that Casing Macron 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 |
Casing Macron 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 Casing Macron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Casing Macron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Casing Macron stock over time.
Current vs Lagged Prices |
| Timeline |
Casing Macron Lagged Returns
When evaluating Casing Macron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Casing Macron stock have on its future price. Casing Macron 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, Casing Macron autocorrelation shows the relationship between Casing Macron stock current value and its past values and can show if there is a momentum factor associated with investing in Casing Macron Technology.
Regressed Prices |
| Timeline |
Pair Trading with Casing Macron
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 Casing Macron 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 Casing Macron will appreciate offsetting losses from the drop in the long position's value.Moving together with Casing Stock
Moving against Casing Stock
| 0.69 | 6776 | Weblink International | PairCorr |
| 0.62 | 3224 | MetaTech AP | PairCorr |
| 0.62 | 2609 | Yang Ming Marine | PairCorr |
| 0.52 | 2881A | Fubon Financial Holding | PairCorr |
| 0.47 | 2603 | Evergreen Marine Corp | PairCorr |
The ability to find closely correlated positions to Casing Macron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Casing Macron 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 Casing Macron - 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 Casing Macron Technology to buy it.
The correlation of Casing Macron 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 Casing Macron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Casing Macron Technology 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 Casing Macron 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 Casing Stock Analysis
When running Casing Macron's price analysis, check to measure Casing Macron'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 Casing Macron is operating at the current time. Most of Casing Macron's value examination focuses on studying past and present price action to predict the probability of Casing Macron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Casing Macron's price. Additionally, you may evaluate how the addition of Casing Macron to your portfolios can decrease your overall portfolio volatility.