Rectron (Taiwan) Market Value
| 2302 Stock | TWD 18.40 0.35 1.87% |
| Symbol | Rectron |
Rectron '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 Rectron'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 Rectron.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Rectron on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Rectron or generate 0.0% return on investment in Rectron over 30 days. Rectron is related to or competes with Microelectronics, Lite On, Mosel Vitelic, Orient Semiconductor, and Lingsen Precision. Rectron Limited manufactures and sells discrete semiconductors in Taiwan and internationally More
Rectron 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 Rectron'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 Rectron upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 16.02 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 4.47 |
Rectron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rectron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rectron's standard deviation. In reality, there are many statistical measures that can use Rectron historical prices to predict the future Rectron's volatility.| Risk Adjusted Performance | 0.059 | |||
| Jensen Alpha | 0.1868 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0215 | |||
| Treynor Ratio | (1.00) |
Rectron Backtested Returns
At this stage we consider Rectron Stock to be not too volatile. Rectron maintains Sharpe Ratio (i.e., Efficiency) of 0.0516, which implies the firm had a 0.0516% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rectron, which you can use to evaluate the volatility of the company. Please check Rectron's Semi Deviation of 2.15, coefficient of variation of 1477.05, and Risk Adjusted Performance of 0.059 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Rectron has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rectron are expected to decrease at a much lower rate. During the bear market, Rectron is likely to outperform the market. Rectron right now holds a risk of 2.71%. Please check Rectron downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Rectron will be following its historical price patterns.
Auto-correlation | 0.71 |
Good predictability
Rectron has good predictability. Overlapping area represents the amount of predictability between Rectron 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 Rectron price movement. The serial correlation of 0.71 indicates that around 71.0% of current Rectron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Rectron lagged returns against current returns
Autocorrelation, which is Rectron 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 Rectron's stock expected returns. We can calculate the autocorrelation of Rectron returns to help us make a trade decision. For example, suppose you find that Rectron 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 |
Rectron 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 Rectron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rectron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rectron stock over time.
Current vs Lagged Prices |
| Timeline |
Rectron Lagged Returns
When evaluating Rectron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rectron stock have on its future price. Rectron 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, Rectron autocorrelation shows the relationship between Rectron stock current value and its past values and can show if there is a momentum factor associated with investing in Rectron.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Rectron Stock Analysis
When running Rectron's price analysis, check to measure Rectron'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 Rectron is operating at the current time. Most of Rectron's value examination focuses on studying past and present price action to predict the probability of Rectron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rectron's price. Additionally, you may evaluate how the addition of Rectron to your portfolios can decrease your overall portfolio volatility.