Klingon Aerospace (Taiwan) Market Value
| 1529 Stock | TWD 25.50 0.75 2.86% |
| Symbol | Klingon |
Klingon Aerospace '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 Klingon Aerospace'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 Klingon Aerospace.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Klingon Aerospace on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Klingon Aerospace or generate 0.0% return on investment in Klingon Aerospace over 30 days. Klingon Aerospace is related to or competes with BES Engineering, Continental Holdings, Kee Tai, and Hung Sheng. Luxe Green Energy Technology Co., Ltd. designs, manufactures, installs, and trades in electrical products More
Klingon Aerospace 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 Klingon Aerospace'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 Klingon Aerospace upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.55 |
Klingon Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Klingon Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Klingon Aerospace's standard deviation. In reality, there are many statistical measures that can use Klingon Aerospace historical prices to predict the future Klingon Aerospace's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (2.08) |
Klingon Aerospace Backtested Returns
Klingon Aerospace has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Klingon Aerospace exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Klingon Aerospace's Standard Deviation of 1.34, mean deviation of 1.09, and Risk Adjusted Performance of (0.17) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Klingon Aerospace's returns are expected to increase less than the market. However, during the bear market, the loss of holding Klingon Aerospace is expected to be smaller as well. At this point, Klingon Aerospace has a negative expected return of -0.28%. Please make sure to verify Klingon Aerospace's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Klingon Aerospace performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Klingon Aerospace has insignificant predictability. Overlapping area represents the amount of predictability between Klingon Aerospace time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Klingon Aerospace price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Klingon Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Klingon Aerospace lagged returns against current returns
Autocorrelation, which is Klingon Aerospace 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 Klingon Aerospace's stock expected returns. We can calculate the autocorrelation of Klingon Aerospace returns to help us make a trade decision. For example, suppose you find that Klingon Aerospace 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 |
Klingon Aerospace 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 Klingon Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Klingon Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Klingon Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
Klingon Aerospace Lagged Returns
When evaluating Klingon Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Klingon Aerospace stock have on its future price. Klingon Aerospace 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, Klingon Aerospace autocorrelation shows the relationship between Klingon Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Klingon Aerospace.
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 Klingon Stock Analysis
When running Klingon Aerospace's price analysis, check to measure Klingon Aerospace'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 Klingon Aerospace is operating at the current time. Most of Klingon Aerospace's value examination focuses on studying past and present price action to predict the probability of Klingon Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Klingon Aerospace's price. Additionally, you may evaluate how the addition of Klingon Aerospace to your portfolios can decrease your overall portfolio volatility.