Vate Technology (Taiwan) Market Value
| 5344 Stock | TWD 17.30 0.20 1.14% |
| Symbol | Vate |
Vate 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 Vate 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 Vate Technology.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Vate Technology on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Vate Technology Co or generate 0.0% return on investment in Vate Technology over 360 days. Vate Technology is related to or competes with Orient Semiconductor, Syntek Semiconductor, Sesoda Corp, and Realtek Semiconductor. More
Vate 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 Vate 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 Vate Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.94 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.18 |
Vate Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vate Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vate Technology's standard deviation. In reality, there are many statistical measures that can use Vate Technology historical prices to predict the future Vate Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.48) |
Vate Technology Backtested Returns
Vate Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0238, which indicates the firm had a -0.0238% return per unit of risk over the last 3 months. Vate Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vate Technology's Risk Adjusted Performance of (0.02), variance of 3.94, and Coefficient Of Variation of (2,668) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vate Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vate Technology is expected to be smaller as well. At this point, Vate Technology has a negative expected return of -0.0474%. Please make sure to validate Vate Technology's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Vate Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Vate Technology Co has virtually no predictability. Overlapping area represents the amount of predictability between Vate Technology time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Vate Technology price movement. The serial correlation of 0.02 indicates that only 2.0% of current Vate Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Vate Technology lagged returns against current returns
Autocorrelation, which is Vate 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 Vate Technology's stock expected returns. We can calculate the autocorrelation of Vate Technology returns to help us make a trade decision. For example, suppose you find that Vate 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 |
Vate 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 Vate Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vate Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vate Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Vate Technology Lagged Returns
When evaluating Vate Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vate Technology stock have on its future price. Vate 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, Vate Technology autocorrelation shows the relationship between Vate Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Vate Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Vate 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 Vate 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 Vate Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Vate Stock
Moving against Vate Stock
The ability to find closely correlated positions to Vate 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 Vate 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 Vate 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 Vate Technology Co to buy it.
The correlation of Vate 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 Vate Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vate 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 Vate 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 Vate Stock Analysis
When running Vate Technology's price analysis, check to measure Vate 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 Vate Technology is operating at the current time. Most of Vate Technology's value examination focuses on studying past and present price action to predict the probability of Vate 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 Vate Technology's price. Additionally, you may evaluate how the addition of Vate Technology to your portfolios can decrease your overall portfolio volatility.