Lung Hwa (Taiwan) Market Value
| 2424 Stock | TWD 80.00 0.70 0.87% |
| Symbol | Lung |
Lung Hwa '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 Lung Hwa'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 Lung Hwa.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Lung Hwa on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Lung Hwa Electronics or generate 0.0% return on investment in Lung Hwa over 510 days. Lung Hwa is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Lung Hwa Electronics Co., Ltd. manufactures and sells consumer electronics in Taiwan More
Lung Hwa 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 Lung Hwa'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 Lung Hwa Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.3408 | |||
| Maximum Drawdown | 19.25 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 9.96 |
Lung Hwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lung Hwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lung Hwa's standard deviation. In reality, there are many statistical measures that can use Lung Hwa historical prices to predict the future Lung Hwa's volatility.| Risk Adjusted Performance | 0.2924 | |||
| Jensen Alpha | 1.52 | |||
| Total Risk Alpha | 0.8867 | |||
| Sortino Ratio | 0.3825 | |||
| Treynor Ratio | 32.67 |
Lung Hwa Electronics Backtested Returns
Lung Hwa appears to be very steady, given 3 months investment horizon. Lung Hwa Electronics has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% return per unit of risk over the last 3 months. By analyzing Lung Hwa's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please exercise Lung Hwa's Risk Adjusted Performance of 0.2924, downside deviation of 3.69, and Mean Deviation of 3.11 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lung Hwa holds a performance score of 20. The company secures a Beta (Market Risk) of 0.0468, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lung Hwa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lung Hwa is expected to be smaller as well. Please check Lung Hwa's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Lung Hwa's current price movements will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Lung Hwa Electronics has poor reverse predictability. Overlapping area represents the amount of predictability between Lung Hwa time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Lung Hwa Electronics price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Lung Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 413.46 |
Lung Hwa Electronics lagged returns against current returns
Autocorrelation, which is Lung Hwa 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 Lung Hwa's stock expected returns. We can calculate the autocorrelation of Lung Hwa returns to help us make a trade decision. For example, suppose you find that Lung Hwa 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 |
Lung Hwa 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 Lung Hwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lung Hwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lung Hwa stock over time.
Current vs Lagged Prices |
| Timeline |
Lung Hwa Lagged Returns
When evaluating Lung Hwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lung Hwa stock have on its future price. Lung Hwa 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, Lung Hwa autocorrelation shows the relationship between Lung Hwa stock current value and its past values and can show if there is a momentum factor associated with investing in Lung Hwa Electronics.
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 Lung Stock Analysis
When running Lung Hwa's price analysis, check to measure Lung Hwa'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 Lung Hwa is operating at the current time. Most of Lung Hwa's value examination focuses on studying past and present price action to predict the probability of Lung Hwa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lung Hwa's price. Additionally, you may evaluate how the addition of Lung Hwa to your portfolios can decrease your overall portfolio volatility.