Compeq Manufacturing (Taiwan) Market Value
| 2313 Stock | TWD 63.00 1.50 2.44% |
| Symbol | Compeq |
Compeq Manufacturing '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 Compeq Manufacturing'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 Compeq Manufacturing.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Compeq Manufacturing on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Compeq Manufacturing Co or generate 0.0% return on investment in Compeq Manufacturing over 360 days. Compeq Manufacturing is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Compeq Manufacturing Co., Ltd. manufactures and sells printed-circuit boards in Taiwan, the United States, Asia, Europe,... More
Compeq Manufacturing 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 Compeq Manufacturing'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 Compeq Manufacturing Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 3.57 |
Compeq Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compeq Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compeq Manufacturing's standard deviation. In reality, there are many statistical measures that can use Compeq Manufacturing historical prices to predict the future Compeq Manufacturing's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.54) |
Compeq Manufacturing Backtested Returns
Compeq Manufacturing secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Compeq Manufacturing Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compeq Manufacturing's Mean Deviation of 1.74, risk adjusted performance of (0.06), and Standard Deviation of 2.39 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Compeq Manufacturing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Compeq Manufacturing is expected to be smaller as well. At this point, Compeq Manufacturing has a negative expected return of -0.24%. Please make sure to confirm Compeq Manufacturing's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Compeq Manufacturing performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Compeq Manufacturing Co has modest reverse predictability. Overlapping area represents the amount of predictability between Compeq Manufacturing time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Compeq Manufacturing price movement. The serial correlation of -0.49 indicates that about 49.0% of current Compeq Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 45.24 |
Compeq Manufacturing lagged returns against current returns
Autocorrelation, which is Compeq Manufacturing 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 Compeq Manufacturing's stock expected returns. We can calculate the autocorrelation of Compeq Manufacturing returns to help us make a trade decision. For example, suppose you find that Compeq Manufacturing 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 |
Compeq Manufacturing 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 Compeq Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compeq Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compeq Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Compeq Manufacturing Lagged Returns
When evaluating Compeq Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compeq Manufacturing stock have on its future price. Compeq Manufacturing 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, Compeq Manufacturing autocorrelation shows the relationship between Compeq Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Compeq Manufacturing Co.
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 Compeq Stock Analysis
When running Compeq Manufacturing's price analysis, check to measure Compeq Manufacturing'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 Compeq Manufacturing is operating at the current time. Most of Compeq Manufacturing's value examination focuses on studying past and present price action to predict the probability of Compeq Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compeq Manufacturing's price. Additionally, you may evaluate how the addition of Compeq Manufacturing to your portfolios can decrease your overall portfolio volatility.