RichWave Technology (Taiwan) Market Value
| 4968 Stock | TWD 211.00 19.00 9.90% |
| Symbol | RichWave |
RichWave 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 RichWave 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 RichWave Technology.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in RichWave Technology on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding RichWave Technology Corp or generate 0.0% return on investment in RichWave Technology over 720 days. RichWave Technology is related to or competes with Alchip Technologies, Asmedia Technology, Novatek Microelectronics, Global Unichip, and WIN Semiconductors. RichWave Technology Corporation designs, develops, and sells radio frequency integrated circuits in Taiwan More
RichWave 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 RichWave 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 RichWave Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.0554 | |||
| Maximum Drawdown | 16.99 | |||
| Value At Risk | (4.68) | |||
| Potential Upside | 6.71 |
RichWave Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RichWave Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RichWave Technology's standard deviation. In reality, there are many statistical measures that can use RichWave Technology historical prices to predict the future RichWave Technology's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | 0.2644 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0576 | |||
| Treynor Ratio | 0.643 |
RichWave Technology Corp Backtested Returns
RichWave Technology appears to be very steady, given 3 months investment horizon. RichWave Technology Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0959, which implies the firm had a 0.0959% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for RichWave Technology Corp, which you can use to evaluate the volatility of the company. Please evaluate RichWave Technology's Coefficient Of Variation of 1074.79, semi deviation of 2.95, and Risk Adjusted Performance of 0.079 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RichWave Technology holds a performance score of 7. The company holds a Beta of 0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RichWave Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding RichWave Technology is expected to be smaller as well. Please check RichWave Technology's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether RichWave Technology's historical price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
RichWave Technology Corp has weak predictability. Overlapping area represents the amount of predictability between RichWave Technology time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 RichWave Technology Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current RichWave Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 536.06 |
RichWave Technology Corp lagged returns against current returns
Autocorrelation, which is RichWave 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 RichWave Technology's stock expected returns. We can calculate the autocorrelation of RichWave Technology returns to help us make a trade decision. For example, suppose you find that RichWave 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 |
RichWave 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 RichWave Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RichWave Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RichWave Technology stock over time.
Current vs Lagged Prices |
| Timeline |
RichWave Technology Lagged Returns
When evaluating RichWave Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RichWave Technology stock have on its future price. RichWave 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, RichWave Technology autocorrelation shows the relationship between RichWave Technology stock current value and its past values and can show if there is a momentum factor associated with investing in RichWave 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 RichWave Stock Analysis
When running RichWave Technology's price analysis, check to measure RichWave 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 RichWave Technology is operating at the current time. Most of RichWave Technology's value examination focuses on studying past and present price action to predict the probability of RichWave 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 RichWave Technology's price. Additionally, you may evaluate how the addition of RichWave Technology to your portfolios can decrease your overall portfolio volatility.