Bestec Power (Taiwan) Market Value
| 3308 Stock | TWD 26.35 0.10 0.38% |
| Symbol | Bestec |
Bestec Power '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 Bestec Power'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 Bestec Power.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Bestec Power on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bestec Power Electronics or generate 0.0% return on investment in Bestec Power over 30 days. Bestec Power is related to or competes with GenMont Biotech, Min Aik, Promise Technology, Chainqui Construction, and New Palace. Bestec Power Electronics Co., Ltd. designs, fabricates, markets, and sells switching power supply products worldwide More
Bestec Power 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 Bestec Power'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 Bestec Power Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 23.0 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 5.35 |
Bestec Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bestec Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bestec Power's standard deviation. In reality, there are many statistical measures that can use Bestec Power historical prices to predict the future Bestec Power's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 0.2851 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bestec Power'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.
Bestec Power Electronics Backtested Returns
Bestec Power Electronics secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Bestec Power Electronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bestec Power's Mean Deviation of 2.41, standard deviation of 3.61, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.31, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bestec Power are expected to decrease by larger amounts. On the other hand, during market turmoil, Bestec Power is expected to outperform it. Bestec Power Electronics has an expected return of -0.61%. Please make sure to confirm Bestec Power Electronics total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Bestec Power Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Bestec Power Electronics has good predictability. Overlapping area represents the amount of predictability between Bestec Power time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Bestec Power Electronics price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Bestec Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Bestec Power Electronics lagged returns against current returns
Autocorrelation, which is Bestec Power 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 Bestec Power's stock expected returns. We can calculate the autocorrelation of Bestec Power returns to help us make a trade decision. For example, suppose you find that Bestec Power 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 |
Bestec Power 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 Bestec Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bestec Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bestec Power stock over time.
Current vs Lagged Prices |
| Timeline |
Bestec Power Lagged Returns
When evaluating Bestec Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bestec Power stock have on its future price. Bestec Power 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, Bestec Power autocorrelation shows the relationship between Bestec Power stock current value and its past values and can show if there is a momentum factor associated with investing in Bestec Power Electronics.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Bestec Power Correlation, Bestec Power Volatility and Bestec Power Alpha and Beta module to complement your research on Bestec Power. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Bestec Stock analysis
When running Bestec Power's price analysis, check to measure Bestec Power'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 Bestec Power is operating at the current time. Most of Bestec Power's value examination focuses on studying past and present price action to predict the probability of Bestec Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bestec Power's price. Additionally, you may evaluate how the addition of Bestec Power to your portfolios can decrease your overall portfolio volatility.
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Bestec Power 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.