Lu Hai (Taiwan) Market Value
| 2115 Stock | TWD 30.75 0.20 0.65% |
| Symbol | 2115 |
Lu Hai '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 Lu Hai'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 Lu Hai.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Lu Hai on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Lu Hai Holding or generate 0.0% return on investment in Lu Hai over 30 days. Lu Hai is related to or competes with Hota Industrial, BizLink Holding, Cub Elecparts, Hu Lane, and WIN Semiconductors. Luhai Holding Corp. manufactures and sells tire valves and accessories worldwide More
Lu Hai 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 Lu Hai'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 Lu Hai Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.1 |
Lu Hai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lu Hai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lu Hai's standard deviation. In reality, there are many statistical measures that can use Lu Hai historical prices to predict the future Lu Hai's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.18) |
Lu Hai Holding Backtested Returns
Lu Hai Holding retains Efficiency (Sharpe Ratio) of -0.0323, which conveys that the firm had a -0.0323% return per unit of price deviation over the last 3 months. Lu Hai exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lu Hai's Market Risk Adjusted Performance of (0.17), information ratio of (0.19), and Mean Deviation of 0.4959 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lu Hai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lu Hai is expected to be smaller as well. At this point, Lu Hai Holding has a negative expected return of -0.027%. Please make sure to verify Lu Hai's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Lu Hai Holding performance from the past will be repeated at future time.
Auto-correlation | 0.29 |
Poor predictability
Lu Hai Holding has poor predictability. Overlapping area represents the amount of predictability between Lu Hai time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Lu Hai Holding price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Lu Hai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Lu Hai Holding lagged returns against current returns
Autocorrelation, which is Lu Hai 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 Lu Hai's stock expected returns. We can calculate the autocorrelation of Lu Hai returns to help us make a trade decision. For example, suppose you find that Lu Hai 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 |
Lu Hai 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 Lu Hai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lu Hai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lu Hai stock over time.
Current vs Lagged Prices |
| Timeline |
Lu Hai Lagged Returns
When evaluating Lu Hai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lu Hai stock have on its future price. Lu Hai 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, Lu Hai autocorrelation shows the relationship between Lu Hai stock current value and its past values and can show if there is a momentum factor associated with investing in Lu Hai Holding.
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 2115 Stock Analysis
When running Lu Hai's price analysis, check to measure Lu Hai'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 Lu Hai is operating at the current time. Most of Lu Hai's value examination focuses on studying past and present price action to predict the probability of Lu Hai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lu Hai's price. Additionally, you may evaluate how the addition of Lu Hai to your portfolios can decrease your overall portfolio volatility.