ITEQ Corp (Taiwan) Market Value

6213 Stock  TWD 79.20  2.60  3.39%   
ITEQ Corp's market value is the price at which a share of ITEQ Corp trades on a public exchange. It measures the collective expectations of ITEQ Corp investors about its performance. ITEQ Corp is selling for under 79.20 as of the 5th of December 2024; that is 3.39% increase since the beginning of the trading day. The stock's lowest day price was 76.8.
With this module, you can estimate the performance of a buy and hold strategy of ITEQ Corp and determine expected loss or profit from investing in ITEQ Corp over a given investment horizon. Check out ITEQ Corp Correlation, ITEQ Corp Volatility and ITEQ Corp Alpha and Beta module to complement your research on ITEQ Corp.
Symbol

Please note, there is a significant difference between ITEQ Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ITEQ Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ITEQ Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

ITEQ Corp '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 ITEQ Corp'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 ITEQ Corp.
0.00
11/05/2024
No Change 0.00  0.0 
In 30 days
12/05/2024
0.00
If you would invest  0.00  in ITEQ Corp on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ITEQ Corp or generate 0.0% return on investment in ITEQ Corp over 30 days. ITEQ Corp is related to or competes with Elite Material, Taiwan Union, Unimicron Technology, Tripod Technology, and Flexium Interconnect. ITEQ Corporation develops and manufactures copper clad laminate materials used for printed circuit boards worldwide More

ITEQ Corp 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 ITEQ Corp'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 ITEQ Corp upside and downside potential and time the market with a certain degree of confidence.

ITEQ Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ITEQ Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITEQ Corp's standard deviation. In reality, there are many statistical measures that can use ITEQ Corp historical prices to predict the future ITEQ Corp's volatility.
Hype
Prediction
LowEstimatedHigh
74.6776.6078.53
Details
Intrinsic
Valuation
LowRealHigh
69.1071.0384.26
Details
Naive
Forecast
LowNextHigh
74.6276.5578.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
75.2076.9278.64
Details

ITEQ Corp Backtested Returns

At this stage we consider ITEQ Stock to be very steady. ITEQ Corp holds Efficiency (Sharpe) Ratio of 0.0588, which attests that the entity had a 0.0588% return per unit of return volatility over the last 3 months. We have found twenty-three technical indicators for ITEQ Corp, which you can use to evaluate the volatility of the firm. Please check out ITEQ Corp's Coefficient Of Variation of (24,030), market risk adjusted performance of (0.07), and Risk Adjusted Performance of 0.0034 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. ITEQ Corp has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ITEQ Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding ITEQ Corp is expected to be smaller as well. ITEQ Corp currently retains a risk of 1.97%. Please check out ITEQ Corp coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if ITEQ Corp will be following its current trending patterns.

Auto-correlation

    
  0.51  

Modest predictability

ITEQ Corp has modest predictability. Overlapping area represents the amount of predictability between ITEQ Corp time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 ITEQ Corp price movement. The serial correlation of 0.51 indicates that about 51.0% of current ITEQ Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.51
Spearman Rank Test0.27
Residual Average0.0
Price Variance3.57

ITEQ Corp lagged returns against current returns

Autocorrelation, which is ITEQ Corp 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 ITEQ Corp's stock expected returns. We can calculate the autocorrelation of ITEQ Corp returns to help us make a trade decision. For example, suppose you find that ITEQ Corp 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  

ITEQ Corp 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 ITEQ Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITEQ Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITEQ Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

ITEQ Corp Lagged Returns

When evaluating ITEQ Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITEQ Corp stock have on its future price. ITEQ Corp 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, ITEQ Corp autocorrelation shows the relationship between ITEQ Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ITEQ Corp.
   Regressed Prices   
       Timeline  

Also Currently Popular

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 ITEQ Stock Analysis

When running ITEQ Corp's price analysis, check to measure ITEQ Corp'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 ITEQ Corp is operating at the current time. Most of ITEQ Corp's value examination focuses on studying past and present price action to predict the probability of ITEQ Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITEQ Corp's price. Additionally, you may evaluate how the addition of ITEQ Corp to your portfolios can decrease your overall portfolio volatility.