Andes Technology (Taiwan) Market Value
| 6533 Stock | 407.50 13.50 3.43% |
| Symbol | Andes |
Andes Technology '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 Andes Technology'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 Andes Technology.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Andes Technology on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Andes Technology Corp or generate 0.0% return on investment in Andes Technology over 30 days. Andes Technology is related to or competes with Taiwan Semiconductor, MediaTek, United Microelectronics, Novatek Microelectronics, Silergy Corp, GlobalWafers, and Realtek Semiconductor. More
Andes Technology 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 Andes Technology'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 Andes Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.075 | |||
| Maximum Drawdown | 11.64 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 4.16 |
Andes Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andes Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andes Technology's standard deviation. In reality, there are many statistical measures that can use Andes Technology historical prices to predict the future Andes Technology's volatility.| Risk Adjusted Performance | 0.0823 | |||
| Jensen Alpha | 0.1898 | |||
| Total Risk Alpha | 0.1054 | |||
| Sortino Ratio | 0.0801 | |||
| Treynor Ratio | 0.5404 |
Andes Technology Corp Backtested Returns
Andes Technology appears to be very steady, given 3 months investment horizon. Andes Technology Corp secures Sharpe Ratio (or Efficiency) of 0.0883, which signifies that the company had a 0.0883% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Andes Technology Corp, which you can use to evaluate the volatility of the firm. Please makes use of Andes Technology's risk adjusted performance of 0.0823, and Mean Deviation of 1.68 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Andes Technology holds a performance score of 6. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Andes Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Andes Technology is expected to be smaller as well. Please check Andes Technology's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Andes Technology's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Andes Technology Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Andes Technology time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Andes Technology Corp price movement. The serial correlation of -0.25 indicates that over 25.0% of current Andes Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 25.82 |
Andes Technology Corp lagged returns against current returns
Autocorrelation, which is Andes Technology 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 Andes Technology's stock expected returns. We can calculate the autocorrelation of Andes Technology returns to help us make a trade decision. For example, suppose you find that Andes Technology 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 |
Andes Technology 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 Andes Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andes Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andes Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Andes Technology Lagged Returns
When evaluating Andes Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andes Technology stock have on its future price. Andes Technology 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, Andes Technology autocorrelation shows the relationship between Andes Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Andes Technology 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 Andes Stock Analysis
When running Andes Technology's price analysis, check to measure Andes Technology'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 Andes Technology is operating at the current time. Most of Andes Technology's value examination focuses on studying past and present price action to predict the probability of Andes Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andes Technology's price. Additionally, you may evaluate how the addition of Andes Technology to your portfolios can decrease your overall portfolio volatility.