Aspeed Technology (Taiwan) Market Value
| 5274 Stock | TWD 2,900 80.00 2.68% |
| Symbol | Aspeed |
Aspeed 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 Aspeed 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 Aspeed Technology.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Aspeed Technology on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Aspeed Technology or generate 0.0% return on investment in Aspeed Technology over 30 days. Aspeed Technology is related to or competes with GlobalWafers, and Novatek Microelectronics. ASPEED Technology Inc. operates as a fabless integrated circuit design company in Taiwan, China, the United States, and ... More
Aspeed 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 Aspeed 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 Aspeed Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.75 | |||
| Value At Risk | (5.83) | |||
| Potential Upside | 5.08 |
Aspeed Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aspeed Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aspeed Technology's standard deviation. In reality, there are many statistical measures that can use Aspeed Technology historical prices to predict the future Aspeed Technology's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | 0.0076 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aspeed Technology's 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.
Aspeed Technology Backtested Returns
Aspeed Technology secures Sharpe Ratio (or Efficiency) of -0.0151, which signifies that the company had a -0.0151% return per unit of risk over the last 3 months. Aspeed Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aspeed Technology's Risk Adjusted Performance of 0.0106, mean deviation of 2.31, and Downside Deviation of 3.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0525, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aspeed Technology are expected to decrease at a much lower rate. During the bear market, Aspeed Technology is likely to outperform the market. Aspeed Technology has an expected return of -0.0535%. Please make sure to confirm Aspeed Technology jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Aspeed Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Aspeed Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Aspeed Technology 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 Aspeed Technology price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Aspeed Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 7674.0 |
Aspeed Technology lagged returns against current returns
Autocorrelation, which is Aspeed 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 Aspeed Technology's stock expected returns. We can calculate the autocorrelation of Aspeed Technology returns to help us make a trade decision. For example, suppose you find that Aspeed 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 |
Aspeed 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 Aspeed Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aspeed Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aspeed Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Aspeed Technology Lagged Returns
When evaluating Aspeed Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aspeed Technology stock have on its future price. Aspeed 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, Aspeed Technology autocorrelation shows the relationship between Aspeed Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Aspeed Technology.
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 Aspeed Technology 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, Aspeed Technology's short interest history, or implied volatility extrapolated from Aspeed Technology options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Aspeed Technology Correlation, Aspeed Technology Volatility and Aspeed Technology Alpha and Beta module to complement your research on Aspeed Technology. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Aspeed Stock analysis
When running Aspeed Technology's price analysis, check to measure Aspeed 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 Aspeed Technology is operating at the current time. Most of Aspeed Technology's value examination focuses on studying past and present price action to predict the probability of Aspeed 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 Aspeed Technology's price. Additionally, you may evaluate how the addition of Aspeed Technology to your portfolios can decrease your overall portfolio volatility.
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Aspeed Technology 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.