ITEQ Corp (Taiwan) Market Value
6213 Stock | TWD 79.20 2.60 3.39% |
Symbol | ITEQ |
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.
12/16/2022 |
| 12/05/2024 |
If you would invest 0.00 in ITEQ Corp on December 16, 2022 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 720 days. ITEQ Corp is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Nan Ya, and Chunghwa Telecom. 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.
Information Ratio | (0.11) | |||
Maximum Drawdown | 7.47 | |||
Value At Risk | (3.61) | |||
Potential Upside | 3.02 |
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.Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.46) | |||
Treynor Ratio | 1.56 |
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-two technical indicators for ITEQ Corp, which you can use to evaluate the volatility of the firm. Please check out ITEQ Corp's Market Risk Adjusted Performance of 1.57, coefficient of variation of (2,946), and Risk Adjusted Performance of (0.02) 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 -0.0508, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ITEQ Corp are expected to decrease at a much lower rate. During the bear market, ITEQ Corp is likely to outperform the market. ITEQ Corp currently retains a risk of 1.97%. Please check out ITEQ Corp market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if ITEQ Corp will be following its current trending patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
ITEQ Corp has very good reverse predictability. Overlapping area represents the amount of predictability between ITEQ Corp time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 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 -0.68 indicates that around 68.0% of current ITEQ Corp price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.68 | |
Spearman Rank Test | 0.09 | |
Residual Average | 0.0 | |
Price Variance | 242.78 |
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.