Vate Technology (Taiwan) Market Value
| 5344 Stock | TWD 20.30 0.40 2.01% |
| Symbol | Vate |
Vate 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 Vate 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 Vate Technology.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Vate Technology on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Vate Technology Co or generate 0.0% return on investment in Vate Technology over 30 days. Vate Technology is related to or competes with Transcend Information, Phison Electronics, Nanya Technology, Innolux Corp, and Powertech Technology. More
Vate 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 Vate 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 Vate Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 4.82 |
Vate Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vate Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vate Technology's standard deviation. In reality, there are many statistical measures that can use Vate Technology historical prices to predict the future Vate Technology's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.99) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vate 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.
Vate Technology Backtested Returns
Vate Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0152, which indicates the firm had a -0.0152% return per unit of risk over the last 3 months. Vate Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vate Technology's Risk Adjusted Performance of (0.0005), variance of 10.95, and Coefficient Of Variation of (7,247) to confirm the risk estimate we provide. The entity has a beta of 0.0563, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vate Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vate Technology is expected to be smaller as well. Vate Technology has an expected return of -0.0453%. Please make sure to validate Vate Technology total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Vate Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Vate Technology Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Vate Technology time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Vate Technology price movement. The serial correlation of -0.17 indicates that over 17.0% of current Vate Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Vate Technology lagged returns against current returns
Autocorrelation, which is Vate 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 Vate Technology's stock expected returns. We can calculate the autocorrelation of Vate Technology returns to help us make a trade decision. For example, suppose you find that Vate 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 |
Vate 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 Vate Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vate Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vate Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Vate Technology Lagged Returns
When evaluating Vate Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vate Technology stock have on its future price. Vate 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, Vate Technology autocorrelation shows the relationship between Vate Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Vate Technology Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Vate Technology Correlation, Vate Technology Volatility and Vate Technology Alpha and Beta module to complement your research on Vate Technology. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Vate Stock analysis
When running Vate Technology's price analysis, check to measure Vate 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 Vate Technology is operating at the current time. Most of Vate Technology's value examination focuses on studying past and present price action to predict the probability of Vate 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 Vate Technology's price. Additionally, you may evaluate how the addition of Vate Technology to your portfolios can decrease your overall portfolio volatility.
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Vate 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.