Baotek Industrial (Taiwan) Market Value
| 5340 Stock | TWD 53.60 1.00 1.83% |
| Symbol | Baotek |
Baotek Industrial '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 Baotek Industrial'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 Baotek Industrial.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Baotek Industrial on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Baotek Industrial Materials or generate 0.0% return on investment in Baotek Industrial over 30 days. Baotek Industrial is related to or competes with Tah Hsin, Universal, Taita Chemical, San Fang, and Yem Chio. More
Baotek Industrial 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 Baotek Industrial'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 Baotek Industrial Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.3 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 5.26 |
Baotek Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baotek Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baotek Industrial's standard deviation. In reality, there are many statistical measures that can use Baotek Industrial historical prices to predict the future Baotek Industrial's volatility.| Risk Adjusted Performance | 0.0113 | |||
| Jensen Alpha | 0.0207 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baotek Industrial'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.
Baotek Industrial Backtested Returns
Baotek Industrial secures Sharpe Ratio (or Efficiency) of -0.0588, which signifies that the company had a -0.0588% return per unit of risk over the last 3 months. Baotek Industrial Materials exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baotek Industrial's Risk Adjusted Performance of 0.0113, mean deviation of 2.12, and Downside Deviation of 2.7 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Baotek Industrial are expected to decrease at a much lower rate. During the bear market, Baotek Industrial is likely to outperform the market. Baotek Industrial has an expected return of -0.16%. Please make sure to confirm Baotek Industrial downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Baotek Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Baotek Industrial Materials has very good reverse predictability. Overlapping area represents the amount of predictability between Baotek Industrial time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Baotek Industrial price movement. The serial correlation of -0.69 indicates that around 69.0% of current Baotek Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2.44 |
Baotek Industrial lagged returns against current returns
Autocorrelation, which is Baotek Industrial 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 Baotek Industrial's stock expected returns. We can calculate the autocorrelation of Baotek Industrial returns to help us make a trade decision. For example, suppose you find that Baotek Industrial 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 |
Baotek Industrial 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 Baotek Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baotek Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baotek Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Baotek Industrial Lagged Returns
When evaluating Baotek Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baotek Industrial stock have on its future price. Baotek Industrial 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, Baotek Industrial autocorrelation shows the relationship between Baotek Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Baotek Industrial Materials.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Baotek Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Baotek Industrial's short interest history, or implied volatility extrapolated from Baotek Industrial options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Baotek Industrial Correlation, Baotek Industrial Volatility and Baotek Industrial Alpha and Beta module to complement your research on Baotek Industrial. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Baotek Stock analysis
When running Baotek Industrial's price analysis, check to measure Baotek Industrial'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 Baotek Industrial is operating at the current time. Most of Baotek Industrial's value examination focuses on studying past and present price action to predict the probability of Baotek Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baotek Industrial's price. Additionally, you may evaluate how the addition of Baotek Industrial to your portfolios can decrease your overall portfolio volatility.
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Baotek Industrial 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.