Aten International (Taiwan) Market Value
| 6277 Stock | TWD 77.90 0.20 0.26% |
| Symbol | Aten |
Aten 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 Aten 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 Aten International.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Aten International on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Aten International Co or generate 0.0% return on investment in Aten International over 30 days. Aten International is related to or competes with Taiwan Semiconductor, Yang Ming, ASE Industrial, AU Optronics, Innolux Corp, United Microelectronics, and Nan Ya. Aten International Co., Ltd engages in the development, manufacture, and sale of IT infrastructure access management sol... More
Aten 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 Aten 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 Aten International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.5128 |
Aten International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aten International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aten International's standard deviation. In reality, there are many statistical measures that can use Aten International historical prices to predict the future Aten International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (1.37) |
Aten International Backtested Returns
Aten International secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Aten International Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aten International's mean deviation of 0.2633, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0292, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aten International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aten International is expected to be smaller as well. At this point, Aten International has a negative expected return of -0.0395%. Please make sure to confirm Aten International's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Aten International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Aten International Co has weak predictability. Overlapping area represents the amount of predictability between Aten International time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Aten International price movement. The serial correlation of 0.24 indicates that over 24.0% of current Aten International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Aten International lagged returns against current returns
Autocorrelation, which is Aten 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 Aten International's stock expected returns. We can calculate the autocorrelation of Aten International returns to help us make a trade decision. For example, suppose you find that Aten 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 |
Aten 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 Aten International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aten International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aten International stock over time.
Current vs Lagged Prices |
| Timeline |
Aten International Lagged Returns
When evaluating Aten International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aten International stock have on its future price. Aten 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, Aten International autocorrelation shows the relationship between Aten International stock current value and its past values and can show if there is a momentum factor associated with investing in Aten International Co.
Regressed Prices |
| Timeline |
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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 Aten Stock Analysis
When running Aten International's price analysis, check to measure Aten 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 Aten International is operating at the current time. Most of Aten International's value examination focuses on studying past and present price action to predict the probability of Aten 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 Aten International's price. Additionally, you may evaluate how the addition of Aten International to your portfolios can decrease your overall portfolio volatility.