Brogent Technologies (Taiwan) Market Value
| 5263 Stock | TWD 126.00 2.50 2.02% |
| Symbol | Brogent |
Brogent Technologies '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 Brogent Technologies' 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 Brogent Technologies.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Brogent Technologies on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Brogent Technologies or generate 0.0% return on investment in Brogent Technologies over 30 days. Brogent Technologies is related to or competes with Elan Microelectronics, Bright Led, Daxin Materials, Solar Applied, Landis Taipei, Yonyu Plastics, and Ablerex Electronics. Brogent Technologies Inc., a technology company, provides digital content creation services in Taiwan More
Brogent Technologies 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 Brogent Technologies' 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 Brogent Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 13.27 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 3.56 |
Brogent Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brogent Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brogent Technologies' standard deviation. In reality, there are many statistical measures that can use Brogent Technologies historical prices to predict the future Brogent Technologies' volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | 0.1328 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0636 | |||
| Treynor Ratio | 0.3714 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brogent Technologies' 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.
Brogent Technologies Backtested Returns
Brogent Technologies appears to be very steady, given 3 months investment horizon. Brogent Technologies secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Brogent Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Brogent Technologies' Risk Adjusted Performance of 0.0611, mean deviation of 1.38, and Downside Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brogent Technologies holds a performance score of 9. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brogent Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Brogent Technologies is expected to be smaller as well. Please check Brogent Technologies' downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Brogent Technologies' price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Brogent Technologies has very weak predictability. Overlapping area represents the amount of predictability between Brogent Technologies 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 Brogent Technologies price movement. The serial correlation of 0.16 indicates that over 16.0% of current Brogent Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 7.45 |
Brogent Technologies lagged returns against current returns
Autocorrelation, which is Brogent Technologies 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 Brogent Technologies' stock expected returns. We can calculate the autocorrelation of Brogent Technologies returns to help us make a trade decision. For example, suppose you find that Brogent Technologies 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 |
Brogent Technologies 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 Brogent Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brogent Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brogent Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Brogent Technologies Lagged Returns
When evaluating Brogent Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brogent Technologies stock have on its future price. Brogent Technologies 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, Brogent Technologies autocorrelation shows the relationship between Brogent Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Brogent Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Brogent Technologies Correlation, Brogent Technologies Volatility and Brogent Technologies Alpha and Beta module to complement your research on Brogent Technologies. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Brogent Stock analysis
When running Brogent Technologies' price analysis, check to measure Brogent Technologies' 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 Brogent Technologies is operating at the current time. Most of Brogent Technologies' value examination focuses on studying past and present price action to predict the probability of Brogent Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brogent Technologies' price. Additionally, you may evaluate how the addition of Brogent Technologies to your portfolios can decrease your overall portfolio volatility.
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Brogent Technologies 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.