Acer (Taiwan) Market Value
| 2353 Stock | TWD 48.80 0.85 1.71% |
| Symbol | Acer |
Acer '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 Acer'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 Acer.
| 05/13/2024 |
| 06/12/2024 |
If you would invest 0.00 in Acer on May 13, 2024 and sell it all today you would earn a total of 0.00 from holding Acer Inc or generate 0.0% return on investment in Acer over 30 days. Acer is related to or competes with Asustek Computer, Compal Electronics, Quanta Computer, AU Optronics, and United Microelectronics. Acer Incorporated researches, designs, markets, and services personal computers , information technology products, and t... More
Acer 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 Acer'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 Acer Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.0535 | |||
| Maximum Drawdown | 14.63 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 4.91 |
Acer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acer's standard deviation. In reality, there are many statistical measures that can use Acer historical prices to predict the future Acer's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.1289 | |||
| Total Risk Alpha | 0.157 | |||
| Sortino Ratio | 0.069 | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Acer'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.
Acer Inc Backtested Returns
We consider Acer very steady. Acer Inc secures Sharpe Ratio (or Efficiency) of 0.0514, which signifies that the company had a 0.0514% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Acer Inc, which you can use to evaluate the volatility of the firm. Please confirm Acer's mean deviation of 1.71, and Risk Adjusted Performance of 0.042 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Acer has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.85, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Acer are expected to decrease slowly. On the other hand, during market turmoil, Acer is expected to outperform it slightly. Acer Inc right now shows a risk of 2.64%. Please confirm Acer Inc market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Acer Inc will be following its price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Acer Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Acer time series from 13th of May 2024 to 28th of May 2024 and 28th of May 2024 to 12th of June 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 Acer Inc price movement. The serial correlation of -0.71 indicates that around 71.0% of current Acer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 4.4 |
Acer Inc lagged returns against current returns
Autocorrelation, which is Acer 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 Acer's stock expected returns. We can calculate the autocorrelation of Acer returns to help us make a trade decision. For example, suppose you find that Acer 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 |
Acer 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 Acer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acer stock over time.
Current vs Lagged Prices |
| Timeline |
Acer Lagged Returns
When evaluating Acer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acer stock have on its future price. Acer 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, Acer autocorrelation shows the relationship between Acer stock current value and its past values and can show if there is a momentum factor associated with investing in Acer Inc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Acer Stock Analysis
When running Acer's price analysis, check to measure Acer'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 Acer is operating at the current time. Most of Acer's value examination focuses on studying past and present price action to predict the probability of Acer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acer's price. Additionally, you may evaluate how the addition of Acer to your portfolios can decrease your overall portfolio volatility.