AVY Precision (Taiwan) Market Value
| 5392 Stock | TWD 27.85 0.30 1.09% |
| Symbol | AVY |
AVY Precision '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 AVY Precision'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 AVY Precision.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in AVY Precision on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding AVY Precision Technology or generate 0.0% return on investment in AVY Precision over 30 days. AVY Precision is related to or competes with Ability Enterprise, XAC Automation, Cheng Fwa, Kaulin Mfg, and Rich Development. AVY Precision Technology INC. designs, produces, and sells camera parts in Taiwan and internationally More
AVY Precision 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 AVY Precision'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 AVY Precision Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.42 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 3.57 |
AVY Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AVY Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AVY Precision's standard deviation. In reality, there are many statistical measures that can use AVY Precision historical prices to predict the future AVY Precision's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.86) |
AVY Precision Technology Backtested Returns
AVY Precision Technology secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of volatility over the last 3 months. AVY Precision Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AVY Precision's risk adjusted performance of (0.07), and Mean Deviation of 1.76 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AVY Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding AVY Precision is expected to be smaller as well. At this point, AVY Precision Technology has a negative expected return of -0.23%. Please make sure to confirm AVY Precision's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if AVY Precision Technology performance from the past will be repeated at some future point.
Auto-correlation | 0.08 |
Virtually no predictability
AVY Precision Technology has virtually no predictability. Overlapping area represents the amount of predictability between AVY Precision time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 AVY Precision Technology price movement. The serial correlation of 0.08 indicates that barely 8.0% of current AVY Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
AVY Precision Technology lagged returns against current returns
Autocorrelation, which is AVY Precision 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 AVY Precision's stock expected returns. We can calculate the autocorrelation of AVY Precision returns to help us make a trade decision. For example, suppose you find that AVY Precision 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 |
AVY Precision 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 AVY Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AVY Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AVY Precision stock over time.
Current vs Lagged Prices |
| Timeline |
AVY Precision Lagged Returns
When evaluating AVY Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AVY Precision stock have on its future price. AVY Precision 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, AVY Precision autocorrelation shows the relationship between AVY Precision stock current value and its past values and can show if there is a momentum factor associated with investing in AVY Precision Technology.
Regressed Prices |
| Timeline |
Pair Trading with AVY Precision
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 AVY Precision 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 AVY Precision will appreciate offsetting losses from the drop in the long position's value.Moving together with AVY Stock
| 0.67 | 6412 | Chicony Power Technology | PairCorr |
| 0.79 | 2439 | Merry Electronics | PairCorr |
| 0.89 | 1614 | Taiwan Sanyo Electric | PairCorr |
Moving against AVY Stock
| 0.57 | 2454 | MediaTek | PairCorr |
| 0.52 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.49 | 5283 | Heran | PairCorr |
| 0.47 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.45 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to AVY Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AVY Precision 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 AVY Precision - 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 AVY Precision Technology to buy it.
The correlation of AVY Precision 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 AVY Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AVY Precision 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 AVY Precision 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 AVY Stock Analysis
When running AVY Precision's price analysis, check to measure AVY Precision'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 AVY Precision is operating at the current time. Most of AVY Precision's value examination focuses on studying past and present price action to predict the probability of AVY Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AVY Precision's price. Additionally, you may evaluate how the addition of AVY Precision to your portfolios can decrease your overall portfolio volatility.