Vanguard International (Taiwan) Market Value
| 5347 Stock | TWD 89.50 1.30 1.47% |
| Symbol | Vanguard |
Vanguard 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 Vanguard 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 Vanguard International.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Vanguard International on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard International Semiconductor or generate 0.0% return on investment in Vanguard International over 90 days. Vanguard International is related to or competes with Taiwan Semiconductor, MediaTek, United Microelectronics, Novatek Microelectronics, Silergy Corp, GlobalWafers, and Realtek Semiconductor. Vanguard International Semiconductor Corporation provides specialty integrated circuit foundry services worldwide More
Vanguard 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 Vanguard 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 Vanguard International Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 10.7 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 2.06 |
Vanguard International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard International's standard deviation. In reality, there are many statistical measures that can use Vanguard International historical prices to predict the future Vanguard International's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (1.36) |
Vanguard International Backtested Returns
Vanguard International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the firm had a -0.26% return per unit of risk over the last 3 months. Vanguard International Semiconductor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vanguard International's Coefficient Of Variation of (441.91), variance of 3.83, and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vanguard International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard International is expected to be smaller as well. At this point, Vanguard International has a negative expected return of -0.5%. Please make sure to validate Vanguard International's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Vanguard International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Vanguard International Semiconductor has very good predictability. Overlapping area represents the amount of predictability between Vanguard International time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 Vanguard International price movement. The serial correlation of 0.82 indicates that around 82.0% of current Vanguard International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 14.06 |
Vanguard International lagged returns against current returns
Autocorrelation, which is Vanguard 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 Vanguard International's stock expected returns. We can calculate the autocorrelation of Vanguard International returns to help us make a trade decision. For example, suppose you find that Vanguard 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 |
Vanguard 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 Vanguard International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard International stock over time.
Current vs Lagged Prices |
| Timeline |
Vanguard International Lagged Returns
When evaluating Vanguard International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard International stock have on its future price. Vanguard 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, Vanguard International autocorrelation shows the relationship between Vanguard International stock current value and its past values and can show if there is a momentum factor associated with investing in Vanguard International Semiconductor.
Regressed Prices |
| Timeline |
Pair Trading with Vanguard 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 Vanguard 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 Vanguard International will appreciate offsetting losses from the drop in the long position's value.Moving together with Vanguard Stock
Moving against Vanguard Stock
| 0.71 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.7 | 2317 | Hon Hai Precision | PairCorr |
| 0.68 | 3443 | Global Unichip Corp | PairCorr |
| 0.67 | 2882 | Cathay Financial Holding | PairCorr |
| 0.67 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Vanguard 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 Vanguard 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 Vanguard 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 Vanguard International Semiconductor to buy it.
The correlation of Vanguard 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 Vanguard International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard 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 Vanguard 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 Vanguard Stock Analysis
When running Vanguard International's price analysis, check to measure Vanguard 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 Vanguard International is operating at the current time. Most of Vanguard International's value examination focuses on studying past and present price action to predict the probability of Vanguard 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 Vanguard International's price. Additionally, you may evaluate how the addition of Vanguard International to your portfolios can decrease your overall portfolio volatility.