Lien Chang (Taiwan) Market Value
| 2431 Stock | TWD 15.95 0.55 3.57% |
| Symbol | Lien |
Lien Chang '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 Lien Chang'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 Lien Chang.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Lien Chang on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Lien Chang Electronic or generate 0.0% return on investment in Lien Chang over 540 days. Lien Chang is related to or competes with Hitron Technologies, Universal Microelectronics, Pan International, Sunonwealth Electric, and Tyntek Corp. Lien Chang Electronic Enterprise Co., Ltd More
Lien Chang 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 Lien Chang'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 Lien Chang Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 18.57 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 9.84 |
Lien Chang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lien Chang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lien Chang's standard deviation. In reality, there are many statistical measures that can use Lien Chang historical prices to predict the future Lien Chang's volatility.| Risk Adjusted Performance | 0.0814 | |||
| Jensen Alpha | 0.603 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0775 | |||
| Treynor Ratio | (0.20) |
Lien Chang Electronic Backtested Returns
Lien Chang appears to be somewhat reliable, given 3 months investment horizon. Lien Chang Electronic has Sharpe Ratio of 0.0967, which conveys that the firm had a 0.0967% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lien Chang, which you can use to evaluate the volatility of the firm. Please exercise Lien Chang's Risk Adjusted Performance of 0.0814, mean deviation of 2.82, and Downside Deviation of 3.43 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lien Chang holds a performance score of 7. The company secures a Beta (Market Risk) of -1.93, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Lien Chang are expected to decrease by larger amounts. On the other hand, during market turmoil, Lien Chang is expected to outperform it. Please check Lien Chang's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Lien Chang's current price movements will revert.
Auto-correlation | 0.80 |
Very good predictability
Lien Chang Electronic has very good predictability. Overlapping area represents the amount of predictability between Lien Chang time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Lien Chang Electronic price movement. The serial correlation of 0.8 indicates that around 80.0% of current Lien Chang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.61 |
Lien Chang Electronic lagged returns against current returns
Autocorrelation, which is Lien Chang 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 Lien Chang's stock expected returns. We can calculate the autocorrelation of Lien Chang returns to help us make a trade decision. For example, suppose you find that Lien Chang 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 |
Lien Chang 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 Lien Chang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lien Chang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lien Chang stock over time.
Current vs Lagged Prices |
| Timeline |
Lien Chang Lagged Returns
When evaluating Lien Chang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lien Chang stock have on its future price. Lien Chang 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, Lien Chang autocorrelation shows the relationship between Lien Chang stock current value and its past values and can show if there is a momentum factor associated with investing in Lien Chang Electronic.
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 Lien Stock Analysis
When running Lien Chang's price analysis, check to measure Lien Chang'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 Lien Chang is operating at the current time. Most of Lien Chang's value examination focuses on studying past and present price action to predict the probability of Lien Chang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lien Chang's price. Additionally, you may evaluate how the addition of Lien Chang to your portfolios can decrease your overall portfolio volatility.