Everlight Chemical (Taiwan) Market Value
| 1711 Stock | TWD 22.55 0.10 0.45% |
| Symbol | Everlight |
Everlight Chemical '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 Everlight Chemical'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 Everlight Chemical.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Everlight Chemical on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Everlight Chemical Industrial or generate 0.0% return on investment in Everlight Chemical over 540 days. Everlight Chemical is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. Everlight Chemical Industrial Corporation produces and sells chemical products in Taiwan, rest of Asia, the Americas, Eu... More
Everlight Chemical 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 Everlight Chemical'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 Everlight Chemical Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.2 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.78 |
Everlight Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everlight Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everlight Chemical's standard deviation. In reality, there are many statistical measures that can use Everlight Chemical historical prices to predict the future Everlight Chemical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.28) |
Everlight Chemical Backtested Returns
Everlight Chemical secures Sharpe Ratio (or Efficiency) of -0.0848, which denotes the company had a -0.0848% return per unit of risk over the last 3 months. Everlight Chemical Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everlight Chemical's Variance of 7.3, standard deviation of 2.7, and Mean Deviation of 1.91 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, Everlight Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Everlight Chemical is expected to be smaller as well. At this point, Everlight Chemical has a negative expected return of -0.21%. Please make sure to confirm Everlight Chemical's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Everlight Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Everlight Chemical Industrial has weak reverse predictability. Overlapping area represents the amount of predictability between Everlight Chemical time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 Everlight Chemical price movement. The serial correlation of -0.21 indicates that over 21.0% of current Everlight Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 7.14 |
Everlight Chemical lagged returns against current returns
Autocorrelation, which is Everlight Chemical 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 Everlight Chemical's stock expected returns. We can calculate the autocorrelation of Everlight Chemical returns to help us make a trade decision. For example, suppose you find that Everlight Chemical 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 |
Everlight Chemical 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 Everlight Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everlight Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everlight Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Everlight Chemical Lagged Returns
When evaluating Everlight Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everlight Chemical stock have on its future price. Everlight Chemical 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, Everlight Chemical autocorrelation shows the relationship between Everlight Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Everlight Chemical Industrial.
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 Everlight Stock Analysis
When running Everlight Chemical's price analysis, check to measure Everlight Chemical'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 Everlight Chemical is operating at the current time. Most of Everlight Chemical's value examination focuses on studying past and present price action to predict the probability of Everlight Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everlight Chemical's price. Additionally, you may evaluate how the addition of Everlight Chemical to your portfolios can decrease your overall portfolio volatility.