Addcn Technology (Taiwan) Market Value
| 5287 Stock | TWD 185.50 1.00 0.54% |
| Symbol | Addcn |
Addcn 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 Addcn 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 Addcn Technology.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Addcn Technology on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Addcn Technology Co or generate 0.0% return on investment in Addcn Technology over 720 days. Addcn Technology is related to or competes with PChome Online, Sunfun Info, Newretail, and Taiwan Taomee. ADDCN Technology Co., Ltd operates online trading platforms in Taiwan More
Addcn 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 Addcn 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 Addcn Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6098 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.8152 |
Addcn Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addcn Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addcn Technology's standard deviation. In reality, there are many statistical measures that can use Addcn Technology historical prices to predict the future Addcn Technology's volatility.| Risk Adjusted Performance | 0.0335 | |||
| Jensen Alpha | 0.0145 | |||
| Total Risk Alpha | 9.0E-4 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2126 |
Addcn Technology Backtested Returns
At this stage we consider Addcn Stock to be very steady. Addcn Technology secures Sharpe Ratio (or Efficiency) of 0.0411, which signifies that the company had a 0.0411% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Addcn Technology Co, which you can use to evaluate the volatility of the firm. Please confirm Addcn Technology's mean deviation of 0.3531, and Risk Adjusted Performance of 0.0335 to double-check if the risk estimate we provide is consistent with the expected return of 0.0227%. Addcn Technology has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.076, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Addcn Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Addcn Technology is expected to be smaller as well. Addcn Technology right now shows a risk of 0.55%. Please confirm Addcn Technology market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Addcn Technology will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Addcn Technology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Addcn Technology time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Addcn Technology price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Addcn Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 14.04 |
Addcn Technology lagged returns against current returns
Autocorrelation, which is Addcn 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 Addcn Technology's stock expected returns. We can calculate the autocorrelation of Addcn Technology returns to help us make a trade decision. For example, suppose you find that Addcn 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 |
Addcn 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 Addcn Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addcn Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addcn Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Addcn Technology Lagged Returns
When evaluating Addcn Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addcn Technology stock have on its future price. Addcn 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, Addcn Technology autocorrelation shows the relationship between Addcn Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Addcn Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Addcn Technology
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 Addcn Technology 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 Addcn Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Addcn Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addcn Technology 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 Addcn Technology - 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 Addcn Technology Co to buy it.
The correlation of Addcn Technology 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 Addcn Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addcn 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 Addcn Technology 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 Addcn Stock Analysis
When running Addcn Technology's price analysis, check to measure Addcn 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 Addcn Technology is operating at the current time. Most of Addcn Technology's value examination focuses on studying past and present price action to predict the probability of Addcn 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 Addcn Technology's price. Additionally, you may evaluate how the addition of Addcn Technology to your portfolios can decrease your overall portfolio volatility.