Voltronic Power (Taiwan) Market Value
| 6409 Stock | TWD 1,840 10.00 0.54% |
| Symbol | Voltronic |
Voltronic Power '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 Voltronic Power'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 Voltronic Power.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Voltronic Power on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Voltronic Power Technology or generate 0.0% return on investment in Voltronic Power over 540 days. Voltronic Power is related to or competes with Silergy Corp, Airtac International, Advantech, Sinbon Electronics, and Eclat Textile. Voltronic Power Technology Corp. primarily designs, manufactures, markets, introduces, and sells uninterruptible power s... More
Voltronic Power 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 Voltronic Power'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 Voltronic Power Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 4.98 |
Voltronic Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Voltronic Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Voltronic Power's standard deviation. In reality, there are many statistical measures that can use Voltronic Power historical prices to predict the future Voltronic Power's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.7346 |
Voltronic Power Tech Backtested Returns
Voltronic Power Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.036, which indicates the firm had a -0.036% return per unit of risk over the last 3 months. Voltronic Power Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voltronic Power's Risk Adjusted Performance of (0.02), variance of 8.25, and Coefficient Of Variation of (2,852) to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Voltronic Power are expected to decrease at a much lower rate. During the bear market, Voltronic Power is likely to outperform the market. At this point, Voltronic Power Tech has a negative expected return of -0.11%. Please make sure to validate Voltronic Power's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Voltronic Power Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Voltronic Power Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Voltronic Power time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Voltronic Power Tech price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Voltronic Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 46.4 K |
Voltronic Power Tech lagged returns against current returns
Autocorrelation, which is Voltronic Power 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 Voltronic Power's stock expected returns. We can calculate the autocorrelation of Voltronic Power returns to help us make a trade decision. For example, suppose you find that Voltronic Power 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 |
Voltronic Power 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 Voltronic Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Voltronic Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Voltronic Power stock over time.
Current vs Lagged Prices |
| Timeline |
Voltronic Power Lagged Returns
When evaluating Voltronic Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Voltronic Power stock have on its future price. Voltronic Power 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, Voltronic Power autocorrelation shows the relationship between Voltronic Power stock current value and its past values and can show if there is a momentum factor associated with investing in Voltronic Power Technology.
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 Voltronic Stock Analysis
When running Voltronic Power's price analysis, check to measure Voltronic Power'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 Voltronic Power is operating at the current time. Most of Voltronic Power's value examination focuses on studying past and present price action to predict the probability of Voltronic Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Voltronic Power's price. Additionally, you may evaluate how the addition of Voltronic Power to your portfolios can decrease your overall portfolio volatility.