Datavan International (Taiwan) Market Value
| 3521 Stock | TWD 19.50 0.40 2.01% |
| Symbol | Datavan |
Datavan International '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 Datavan International'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 Datavan International.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Datavan International on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Datavan International or generate 0.0% return on investment in Datavan International over 90 days. Datavan International is related to or competes with Advantech, Asustek Computer, Compal Electronics, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. DataVan International Corporation manufactures and sells point-of-sale point-of-service systems in Taiwan and internatio... More
Datavan International 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 Datavan International'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 Datavan International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0157 | |||
| Maximum Drawdown | 17.34 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 9.73 |
Datavan International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Datavan International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Datavan International's standard deviation. In reality, there are many statistical measures that can use Datavan International historical prices to predict the future Datavan International's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.1488 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0215 | |||
| Treynor Ratio | 0.7574 |
Datavan International Backtested Returns
Datavan International appears to be somewhat reliable, given 3 months investment horizon. Datavan International secures Sharpe Ratio (or Efficiency) of 0.0662, which denotes the company had a 0.0662% return per unit of risk over the last 3 months. We have found thirty technical indicators for Datavan International, which you can use to evaluate the volatility of the firm. Please utilize Datavan International's Downside Deviation of 2.38, mean deviation of 2.01, and Coefficient Of Variation of 1726.92 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Datavan International holds a performance score of 5. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Datavan International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Datavan International is expected to be smaller as well. Please check Datavan International's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Datavan International's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Datavan International has very weak reverse predictability. Overlapping area represents the amount of predictability between Datavan International time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Datavan International price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Datavan International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Datavan International lagged returns against current returns
Autocorrelation, which is Datavan International 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 Datavan International's stock expected returns. We can calculate the autocorrelation of Datavan International returns to help us make a trade decision. For example, suppose you find that Datavan International 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 |
Datavan International 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 Datavan International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Datavan International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Datavan International stock over time.
Current vs Lagged Prices |
| Timeline |
Datavan International Lagged Returns
When evaluating Datavan International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Datavan International stock have on its future price. Datavan International 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, Datavan International autocorrelation shows the relationship between Datavan International stock current value and its past values and can show if there is a momentum factor associated with investing in Datavan International.
Regressed Prices |
| Timeline |
Pair Trading with Datavan International
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 Datavan International 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 Datavan International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Datavan International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Datavan International 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 Datavan International - 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 Datavan International to buy it.
The correlation of Datavan International 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 Datavan International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Datavan International 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 Datavan International 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 Datavan Stock Analysis
When running Datavan International's price analysis, check to measure Datavan International'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 Datavan International is operating at the current time. Most of Datavan International's value examination focuses on studying past and present price action to predict the probability of Datavan International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Datavan International's price. Additionally, you may evaluate how the addition of Datavan International to your portfolios can decrease your overall portfolio volatility.