Fitipower Integrated (Taiwan) Market Value
| 4961 Stock | 250.00 4.00 1.63% |
| Symbol | Fitipower |
Fitipower Integrated '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 Fitipower Integrated'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 Fitipower Integrated.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Fitipower Integrated on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Fitipower Integrated Technology or generate 0.0% return on investment in Fitipower Integrated over 30 days. Fitipower Integrated is related to or competes with Walsin Technology, Yageo Corp, Wafer Works, and Holy Stone. More
Fitipower Integrated 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 Fitipower Integrated'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 Fitipower Integrated Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0059 | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 6.29 |
Fitipower Integrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fitipower Integrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fitipower Integrated's standard deviation. In reality, there are many statistical measures that can use Fitipower Integrated historical prices to predict the future Fitipower Integrated's volatility.| Risk Adjusted Performance | 0.0256 | |||
| Jensen Alpha | 0.0227 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0074 | |||
| Treynor Ratio | 0.0758 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fitipower Integrated'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.
Fitipower Integrated Backtested Returns
We consider Fitipower Integrated very steady. Fitipower Integrated secures Sharpe Ratio (or Efficiency) of 0.0585, which denotes the company had a 0.0585% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fitipower Integrated Technology, which you can use to evaluate the volatility of the firm. Please confirm Fitipower Integrated's Mean Deviation of 1.9, coefficient of variation of 3560.89, and Downside Deviation of 2.15 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Fitipower Integrated has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.86, which means possible diversification benefits within a given portfolio. Fitipower Integrated returns are very sensitive to returns on the market. As the market goes up or down, Fitipower Integrated is expected to follow. Fitipower Integrated right now shows a risk of 2.87%. Please confirm Fitipower Integrated total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Fitipower Integrated will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Fitipower Integrated Technology has insignificant predictability. Overlapping area represents the amount of predictability between Fitipower Integrated time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 Fitipower Integrated price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Fitipower Integrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 65.2 |
Fitipower Integrated lagged returns against current returns
Autocorrelation, which is Fitipower Integrated 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 Fitipower Integrated's stock expected returns. We can calculate the autocorrelation of Fitipower Integrated returns to help us make a trade decision. For example, suppose you find that Fitipower Integrated 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 |
Fitipower Integrated 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 Fitipower Integrated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fitipower Integrated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fitipower Integrated stock over time.
Current vs Lagged Prices |
| Timeline |
Fitipower Integrated Lagged Returns
When evaluating Fitipower Integrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fitipower Integrated stock have on its future price. Fitipower Integrated 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, Fitipower Integrated autocorrelation shows the relationship between Fitipower Integrated stock current value and its past values and can show if there is a momentum factor associated with investing in Fitipower Integrated Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Fitipower Integrated Correlation, Fitipower Integrated Volatility and Fitipower Integrated Alpha and Beta module to complement your research on Fitipower Integrated. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Fitipower Stock analysis
When running Fitipower Integrated's price analysis, check to measure Fitipower Integrated'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 Fitipower Integrated is operating at the current time. Most of Fitipower Integrated's value examination focuses on studying past and present price action to predict the probability of Fitipower Integrated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fitipower Integrated's price. Additionally, you may evaluate how the addition of Fitipower Integrated to your portfolios can decrease your overall portfolio volatility.
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