AAEON Technology (Taiwan) Market Value
| 6579 Stock | 124.50 2.00 1.58% |
| Symbol | AAEON |
AAEON 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 AAEON 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 AAEON Technology.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in AAEON Technology on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding AAEON Technology or generate 0.0% return on investment in AAEON Technology over 510 days. AAEON Technology is related to or competes with Qisda Corp, Quanta Computer, Wistron Corp, and Delta Electronics. More
AAEON 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 AAEON 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 AAEON Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 12.66 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 1.99 |
AAEON Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AAEON Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AAEON Technology's standard deviation. In reality, there are many statistical measures that can use AAEON Technology historical prices to predict the future AAEON Technology's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.89) |
AAEON Technology Backtested Returns
AAEON Technology secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. AAEON Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AAEON Technology's mean deviation of 1.27, and Variance of 3.46 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AAEON Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding AAEON Technology is expected to be smaller as well. At this point, AAEON Technology has a negative expected return of -0.2%. Please make sure to confirm AAEON Technology's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if AAEON Technology performance from the past will be repeated at some future date.
Auto-correlation | -0.39 |
Poor reverse predictability
AAEON Technology has poor reverse predictability. Overlapping area represents the amount of predictability between AAEON Technology time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 AAEON Technology price movement. The serial correlation of -0.39 indicates that just about 39.0% of current AAEON Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 198.48 |
AAEON Technology lagged returns against current returns
Autocorrelation, which is AAEON 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 AAEON Technology's stock expected returns. We can calculate the autocorrelation of AAEON Technology returns to help us make a trade decision. For example, suppose you find that AAEON 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 |
AAEON 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 AAEON Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AAEON Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AAEON Technology stock over time.
Current vs Lagged Prices |
| Timeline |
AAEON Technology Lagged Returns
When evaluating AAEON Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AAEON Technology stock have on its future price. AAEON 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, AAEON Technology autocorrelation shows the relationship between AAEON Technology stock current value and its past values and can show if there is a momentum factor associated with investing in AAEON 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 AAEON Stock Analysis
When running AAEON Technology's price analysis, check to measure AAEON 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 AAEON Technology is operating at the current time. Most of AAEON Technology's value examination focuses on studying past and present price action to predict the probability of AAEON 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 AAEON Technology's price. Additionally, you may evaluate how the addition of AAEON Technology to your portfolios can decrease your overall portfolio volatility.