InnoDisk (Taiwan) Market Value
| 5289 Stock | TWD 225.50 4.00 1.81% |
| Symbol | InnoDisk |
InnoDisk '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 InnoDisk'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 InnoDisk.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in InnoDisk on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding InnoDisk or generate 0.0% return on investment in InnoDisk over 90 days. InnoDisk is related to or competes with Phison Electronics, Transcend Information, Elite Material, Greatek Electronics, and Adata Technology. Innodisk Corporation researchs, develops, manufactures, and sales industrial embedded storage devices in Taiwan More
InnoDisk 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 InnoDisk'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 InnoDisk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.01 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 2.95 |
InnoDisk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InnoDisk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InnoDisk's standard deviation. In reality, there are many statistical measures that can use InnoDisk historical prices to predict the future InnoDisk's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.37) |
InnoDisk Backtested Returns
InnoDisk holds Efficiency (Sharpe) Ratio of -0.0167, which attests that the entity had a -0.0167 % return per unit of risk over the last 3 months. InnoDisk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out InnoDisk's Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.36), and Standard Deviation of 2.24 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, InnoDisk's returns are expected to increase less than the market. However, during the bear market, the loss of holding InnoDisk is expected to be smaller as well. At this point, InnoDisk has a negative expected return of -0.0374%. Please make sure to check out InnoDisk's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if InnoDisk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
InnoDisk has virtually no predictability. Overlapping area represents the amount of predictability between InnoDisk time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of InnoDisk price movement. The serial correlation of 0.07 indicates that barely 7.0% of current InnoDisk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 34.13 |
InnoDisk lagged returns against current returns
Autocorrelation, which is InnoDisk 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 InnoDisk's stock expected returns. We can calculate the autocorrelation of InnoDisk returns to help us make a trade decision. For example, suppose you find that InnoDisk 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 |
InnoDisk 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 InnoDisk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InnoDisk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InnoDisk stock over time.
Current vs Lagged Prices |
| Timeline |
InnoDisk Lagged Returns
When evaluating InnoDisk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InnoDisk stock have on its future price. InnoDisk 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, InnoDisk autocorrelation shows the relationship between InnoDisk stock current value and its past values and can show if there is a momentum factor associated with investing in InnoDisk.
Regressed Prices |
| Timeline |
Pair Trading with InnoDisk
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if InnoDisk position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in InnoDisk will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to InnoDisk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InnoDisk when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back InnoDisk - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling InnoDisk to buy it.
The correlation of InnoDisk is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as InnoDisk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InnoDisk moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for InnoDisk can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for InnoDisk Stock Analysis
When running InnoDisk's price analysis, check to measure InnoDisk'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 InnoDisk is operating at the current time. Most of InnoDisk's value examination focuses on studying past and present price action to predict the probability of InnoDisk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InnoDisk's price. Additionally, you may evaluate how the addition of InnoDisk to your portfolios can decrease your overall portfolio volatility.