Leadtek Research (Taiwan) Market Value
| 2465 Stock | TWD 69.50 2.50 3.47% |
| Symbol | Leadtek |
Leadtek Research '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 Leadtek Research'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 Leadtek Research.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Leadtek Research on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Leadtek Research or generate 0.0% return on investment in Leadtek Research over 30 days. Leadtek Research is related to or competes with Sitronix Technology, and Elan Microelectronics. Leadtek Research Inc. develops, manufactures, and sells graphics cards worldwide More
Leadtek Research 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 Leadtek Research'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 Leadtek Research upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.61 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 6.86 |
Leadtek Research Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leadtek Research's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leadtek Research's standard deviation. In reality, there are many statistical measures that can use Leadtek Research historical prices to predict the future Leadtek Research's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.44) |
Leadtek Research Backtested Returns
Leadtek Research has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Leadtek Research exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leadtek Research's Mean Deviation of 2.41, risk adjusted performance of (0.06), and Standard Deviation of 3.51 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Leadtek Research's returns are expected to increase less than the market. However, during the bear market, the loss of holding Leadtek Research is expected to be smaller as well. At this point, Leadtek Research has a negative expected return of -0.5%. Please make sure to verify Leadtek Research's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Leadtek Research performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Leadtek Research has good reverse predictability. Overlapping area represents the amount of predictability between Leadtek Research 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 Leadtek Research price movement. The serial correlation of -0.52 indicates that about 52.0% of current Leadtek Research price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 5.16 |
Leadtek Research lagged returns against current returns
Autocorrelation, which is Leadtek Research 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 Leadtek Research's stock expected returns. We can calculate the autocorrelation of Leadtek Research returns to help us make a trade decision. For example, suppose you find that Leadtek Research 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 |
Leadtek Research 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 Leadtek Research stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leadtek Research stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leadtek Research stock over time.
Current vs Lagged Prices |
| Timeline |
Leadtek Research Lagged Returns
When evaluating Leadtek Research's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leadtek Research stock have on its future price. Leadtek Research 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, Leadtek Research autocorrelation shows the relationship between Leadtek Research stock current value and its past values and can show if there is a momentum factor associated with investing in Leadtek Research.
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 Leadtek Stock Analysis
When running Leadtek Research's price analysis, check to measure Leadtek Research'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 Leadtek Research is operating at the current time. Most of Leadtek Research's value examination focuses on studying past and present price action to predict the probability of Leadtek Research's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leadtek Research's price. Additionally, you may evaluate how the addition of Leadtek Research to your portfolios can decrease your overall portfolio volatility.