Lelon Electronics (Taiwan) Market Value
| 2472 Stock | TWD 78.60 2.70 3.56% |
| Symbol | Lelon |
Lelon Electronics '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 Lelon Electronics' 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 Lelon Electronics.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Lelon Electronics on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Lelon Electronics Corp or generate 0.0% return on investment in Lelon Electronics over 90 days. Lelon Electronics is related to or competes with TA I, Walsin Technology, Greatek Electronics, Pan Jit, and Elan Microelectronics. Lelon Electronics Corp. develops, manufactures, and markets electrolytic capacitors worldwide More
Lelon Electronics 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 Lelon Electronics' 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 Lelon Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.65 |
Lelon Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lelon Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lelon Electronics' standard deviation. In reality, there are many statistical measures that can use Lelon Electronics historical prices to predict the future Lelon Electronics' volatility.| Risk Adjusted Performance | 0.0128 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.016 |
Lelon Electronics Corp Backtested Returns
Lelon Electronics Corp has Sharpe Ratio of -0.0127, which conveys that the firm had a -0.0127% return per unit of risk over the last 3 months. Lelon Electronics exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lelon Electronics' Mean Deviation of 1.11, risk adjusted performance of 0.0128, and Downside Deviation of 1.71 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lelon Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Lelon Electronics is expected to be smaller as well. At this point, Lelon Electronics Corp has a negative expected return of -0.0196%. Please make sure to verify Lelon Electronics' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Lelon Electronics Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Lelon Electronics Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Lelon Electronics time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Lelon Electronics Corp price movement. The serial correlation of -0.01 indicates that just 1.0% of current Lelon Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 4.32 |
Lelon Electronics Corp lagged returns against current returns
Autocorrelation, which is Lelon Electronics 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 Lelon Electronics' stock expected returns. We can calculate the autocorrelation of Lelon Electronics returns to help us make a trade decision. For example, suppose you find that Lelon Electronics 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 |
Lelon Electronics 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 Lelon Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lelon Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lelon Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Lelon Electronics Lagged Returns
When evaluating Lelon Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lelon Electronics stock have on its future price. Lelon Electronics 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, Lelon Electronics autocorrelation shows the relationship between Lelon Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Lelon Electronics Corp.
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 Lelon Stock Analysis
When running Lelon Electronics' price analysis, check to measure Lelon Electronics' 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 Lelon Electronics is operating at the current time. Most of Lelon Electronics' value examination focuses on studying past and present price action to predict the probability of Lelon Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lelon Electronics' price. Additionally, you may evaluate how the addition of Lelon Electronics to your portfolios can decrease your overall portfolio volatility.