K Laser (Taiwan) Market Value
| 2461 Stock | TWD 20.85 0.05 0.24% |
| Symbol | 2461 |
K Laser '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 K Laser'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 K Laser.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in K Laser on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding K Laser Technology or generate 0.0% return on investment in K Laser over 660 days. K Laser is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. K Laser Technology Inc., together with its subsidiaries, researches, develops, produces, and sells holography products i... More
K Laser 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 K Laser'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 K Laser Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 12.96 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.37 |
K Laser Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for K Laser's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as K Laser's standard deviation. In reality, there are many statistical measures that can use K Laser historical prices to predict the future K Laser's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 2.02 |
K Laser Technology Backtested Returns
K Laser Technology has Sharpe Ratio of -0.0973, which conveys that the company had a -0.0973% return per unit of volatility over the last 3 months. K Laser exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify K Laser's Standard Deviation of 1.57, mean deviation of 0.9742, and Market Risk Adjusted Performance of 2.03 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.0742, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning K Laser are expected to decrease at a much lower rate. During the bear market, K Laser is likely to outperform the market. At this point, K Laser Technology has a negative expected return of -0.15%. Please make sure to verify K Laser's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if K Laser Technology performance from the past will be repeated sooner or later.
Auto-correlation | -0.04 |
Very weak reverse predictability
K Laser Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between K Laser time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 K Laser Technology price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current K Laser price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.68 |
K Laser Technology lagged returns against current returns
Autocorrelation, which is K Laser 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 K Laser's stock expected returns. We can calculate the autocorrelation of K Laser returns to help us make a trade decision. For example, suppose you find that K Laser 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 |
K Laser 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 K Laser stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if K Laser stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in K Laser stock over time.
Current vs Lagged Prices |
| Timeline |
K Laser Lagged Returns
When evaluating K Laser's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of K Laser stock have on its future price. K Laser 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, K Laser autocorrelation shows the relationship between K Laser stock current value and its past values and can show if there is a momentum factor associated with investing in K Laser Technology.
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 2461 Stock Analysis
When running K Laser's price analysis, check to measure K Laser'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 K Laser is operating at the current time. Most of K Laser's value examination focuses on studying past and present price action to predict the probability of K Laser's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move K Laser's price. Additionally, you may evaluate how the addition of K Laser to your portfolios can decrease your overall portfolio volatility.