Ado Optronics (Taiwan) Market Value
| 3516 Stock | TWD 22.00 0.40 1.85% |
| Symbol | Ado |
Ado Optronics '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 Ado Optronics' 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 Ado Optronics.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Ado Optronics on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ado Optronics or generate 0.0% return on investment in Ado Optronics over 30 days. Ado Optronics is related to or competes with Amtran Technology, and Symtek Automation. More
Ado Optronics 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 Ado Optronics' 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 Ado Optronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.066 | |||
| Maximum Drawdown | 19.65 | |||
| Value At Risk | (7.30) | |||
| Potential Upside | 9.98 |
Ado Optronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ado Optronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ado Optronics' standard deviation. In reality, there are many statistical measures that can use Ado Optronics historical prices to predict the future Ado Optronics' volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.3683 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | 0.6929 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ado Optronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ado Optronics Backtested Returns
Ado Optronics appears to be somewhat reliable, given 3 months investment horizon. Ado Optronics secures Sharpe Ratio (or Efficiency) of 0.0869, which signifies that the company had a 0.0869% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ado Optronics, which you can use to evaluate the volatility of the firm. Please makes use of Ado Optronics' Downside Deviation of 4.19, risk adjusted performance of 0.0602, and Mean Deviation of 3.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ado Optronics holds a performance score of 6. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ado Optronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ado Optronics is expected to be smaller as well. Please check Ado Optronics' information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ado Optronics' price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Ado Optronics has below average predictability. Overlapping area represents the amount of predictability between Ado Optronics time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Ado Optronics price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Ado Optronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
Ado Optronics lagged returns against current returns
Autocorrelation, which is Ado Optronics 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 Ado Optronics' stock expected returns. We can calculate the autocorrelation of Ado Optronics returns to help us make a trade decision. For example, suppose you find that Ado Optronics 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 |
Ado Optronics 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 Ado Optronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ado Optronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ado Optronics stock over time.
Current vs Lagged Prices |
| Timeline |
Ado Optronics Lagged Returns
When evaluating Ado Optronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ado Optronics stock have on its future price. Ado Optronics 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, Ado Optronics autocorrelation shows the relationship between Ado Optronics stock current value and its past values and can show if there is a momentum factor associated with investing in Ado Optronics.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ado Optronics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ado Optronics' short interest history, or implied volatility extrapolated from Ado Optronics options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Ado Optronics Correlation, Ado Optronics Volatility and Ado Optronics Alpha and Beta module to complement your research on Ado Optronics. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Ado Stock analysis
When running Ado Optronics' price analysis, check to measure Ado Optronics' 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 Ado Optronics is operating at the current time. Most of Ado Optronics' value examination focuses on studying past and present price action to predict the probability of Ado Optronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ado Optronics' price. Additionally, you may evaluate how the addition of Ado Optronics to your portfolios can decrease your overall portfolio volatility.
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Ado Optronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.