Ampire (Taiwan) Market Value
| 8049 Stock | TWD 32.60 0.10 0.31% |
| Symbol | Ampire |
Ampire '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 Ampire'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 Ampire.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Ampire on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ampire Co or generate 0.0% return on investment in Ampire over 90 days. Ampire is related to or competes with Taiwan Semiconductor, MediaTek, United Microelectronics, Novatek Microelectronics, Silergy Corp, GlobalWafers, and Realtek Semiconductor. Ampire Co., Ltd. manufactures and sells small and medium size LCD modules for industrial applications More
Ampire 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 Ampire'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 Ampire Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.7418 |
Ampire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ampire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ampire's standard deviation. In reality, there are many statistical measures that can use Ampire historical prices to predict the future Ampire's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (3.54) |
Ampire Backtested Returns
Ampire secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Ampire Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ampire's Standard Deviation of 0.6681, risk adjusted performance of (0.12), and Mean Deviation of 0.4629 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0301, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ampire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ampire is expected to be smaller as well. At this point, Ampire has a negative expected return of -0.11%. Please make sure to confirm Ampire's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Ampire performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Ampire Co has very weak predictability. Overlapping area represents the amount of predictability between Ampire time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Ampire price movement. The serial correlation of 0.17 indicates that over 17.0% of current Ampire price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Ampire lagged returns against current returns
Autocorrelation, which is Ampire 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 Ampire's stock expected returns. We can calculate the autocorrelation of Ampire returns to help us make a trade decision. For example, suppose you find that Ampire 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 |
Ampire 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 Ampire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ampire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ampire stock over time.
Current vs Lagged Prices |
| Timeline |
Ampire Lagged Returns
When evaluating Ampire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ampire stock have on its future price. Ampire 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, Ampire autocorrelation shows the relationship between Ampire stock current value and its past values and can show if there is a momentum factor associated with investing in Ampire Co.
Regressed Prices |
| Timeline |
Pair Trading with Ampire
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ampire position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ampire will appreciate offsetting losses from the drop in the long position's value.Moving together with Ampire Stock
| 0.72 | 2303 | United Microelectronics | PairCorr |
| 0.64 | 3034 | Novatek Microelectronics | PairCorr |
| 0.82 | 6415 | Silergy Corp | PairCorr |
Moving against Ampire Stock
| 0.83 | 2379 | Realtek Semiconductor | PairCorr |
| 0.82 | 1231 | Lian Hwa Foods | PairCorr |
| 0.8 | 2891B | CTBC Financial Holding | PairCorr |
| 0.79 | 3036A | WT Microelectronics | PairCorr |
| 0.77 | 2609 | Yang Ming Marine | PairCorr |
The ability to find closely correlated positions to Ampire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ampire when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ampire - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ampire Co to buy it.
The correlation of Ampire is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ampire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ampire moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ampire can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ampire Stock Analysis
When running Ampire's price analysis, check to measure Ampire'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 Ampire is operating at the current time. Most of Ampire's value examination focuses on studying past and present price action to predict the probability of Ampire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ampire's price. Additionally, you may evaluate how the addition of Ampire to your portfolios can decrease your overall portfolio volatility.