V Tac (Taiwan) Market Value
| 6229 Stock | TWD 35.00 2.20 6.71% |
| Symbol | 6229 |
V Tac '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 V Tac'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 V Tac.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in V Tac on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding V Tac Technology Co or generate 0.0% return on investment in V Tac over 30 days. V Tac is related to or competes with Transcend Information, Phison Electronics, Nanya Technology, Innolux Corp, and Powertech Technology. More
V Tac 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 V Tac'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 V Tac Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.0749 | |||
| Maximum Drawdown | 17.78 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 9.91 |
V Tac Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for V Tac's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as V Tac's standard deviation. In reality, there are many statistical measures that can use V Tac historical prices to predict the future V Tac's volatility.| Risk Adjusted Performance | 0.0695 | |||
| Jensen Alpha | 0.4773 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0998 | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of V Tac'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.
V Tac Technology Backtested Returns
V Tac Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0124, which indicates the company had a -0.0124% return per unit of risk over the last 3 months. V Tac Technology Co exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate V Tac's downside deviation of 3.12, and Market Risk Adjusted Performance of (0.41) to confirm the risk estimate we provide. The firm has a beta of -0.94, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning V Tac are expected to decrease slowly. On the other hand, during market turmoil, V Tac is expected to outperform it slightly. V Tac Technology has an expected return of -0.0487%. Please make sure to validate V Tac standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if V Tac Technology performance from the past will be repeated at some future date.
Auto-correlation | 0.46 |
Average predictability
V Tac Technology Co has average predictability. Overlapping area represents the amount of predictability between V Tac 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 V Tac Technology price movement. The serial correlation of 0.46 indicates that about 46.0% of current V Tac price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 4.29 |
V Tac Technology lagged returns against current returns
Autocorrelation, which is V Tac 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 V Tac's stock expected returns. We can calculate the autocorrelation of V Tac returns to help us make a trade decision. For example, suppose you find that V Tac 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 |
V Tac 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 V Tac stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if V Tac stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in V Tac stock over time.
Current vs Lagged Prices |
| Timeline |
V Tac Lagged Returns
When evaluating V Tac's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of V Tac stock have on its future price. V Tac 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, V Tac autocorrelation shows the relationship between V Tac stock current value and its past values and can show if there is a momentum factor associated with investing in V Tac Technology Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out V Tac Correlation, V Tac Volatility and V Tac Alpha and Beta module to complement your research on V Tac. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for 6229 Stock analysis
When running V Tac's price analysis, check to measure V Tac'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 V Tac is operating at the current time. Most of V Tac's value examination focuses on studying past and present price action to predict the probability of V Tac's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move V Tac's price. Additionally, you may evaluate how the addition of V Tac to your portfolios can decrease your overall portfolio volatility.
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V Tac 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.