King Slide (Taiwan) Market Value
| 2059 Stock | TWD 1,460 70.00 5.04% |
| Symbol | King |
King Slide '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 King Slide'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 King Slide.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in King Slide on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding King Slide Works or generate 0.0% return on investment in King Slide over 90 days. King Slide is related to or competes with Eclat Textile, Advantech, Chicony Electronics, Merida Industry, and Makalot Industrial. King Slide Works Co., Ltd. manufactures, processes and sells the rail kits for computer and network communication equipm... More
King Slide 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 King Slide'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 King Slide Works upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.0473 | |||
| Maximum Drawdown | 14.06 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 5.22 |
King Slide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for King Slide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as King Slide's standard deviation. In reality, there are many statistical measures that can use King Slide historical prices to predict the future King Slide's volatility.| Risk Adjusted Performance | 0.0755 | |||
| Jensen Alpha | 0.0786 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0423 | |||
| Treynor Ratio | 0.1762 |
King Slide Works Backtested Returns
King Slide appears to be very steady, given 3 months investment horizon. King Slide Works has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for King Slide, which you can use to evaluate the volatility of the firm. Please exercise King Slide's Mean Deviation of 2.52, risk adjusted performance of 0.0755, and Downside Deviation of 3.72 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, King Slide holds a performance score of 8. The company secures a Beta (Market Risk) of 1.62, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, King Slide will likely underperform. Please check King Slide's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether King Slide's current price movements will revert.
Auto-correlation | -0.52 |
Good reverse predictability
King Slide Works has good reverse predictability. Overlapping area represents the amount of predictability between King Slide time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 King Slide Works price movement. The serial correlation of -0.52 indicates that about 52.0% of current King Slide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 11.8 K |
King Slide Works lagged returns against current returns
Autocorrelation, which is King Slide 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 King Slide's stock expected returns. We can calculate the autocorrelation of King Slide returns to help us make a trade decision. For example, suppose you find that King Slide 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 |
King Slide 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 King Slide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if King Slide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in King Slide stock over time.
Current vs Lagged Prices |
| Timeline |
King Slide Lagged Returns
When evaluating King Slide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of King Slide stock have on its future price. King Slide 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, King Slide autocorrelation shows the relationship between King Slide stock current value and its past values and can show if there is a momentum factor associated with investing in King Slide Works.
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 King Stock Analysis
When running King Slide's price analysis, check to measure King Slide'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 King Slide is operating at the current time. Most of King Slide's value examination focuses on studying past and present price action to predict the probability of King Slide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move King Slide's price. Additionally, you may evaluate how the addition of King Slide to your portfolios can decrease your overall portfolio volatility.