Meiloon Industrial (Taiwan) Market Value
| 2477 Stock | TWD 33.70 0.95 2.90% |
| Symbol | Meiloon |
Meiloon Industrial '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 Meiloon Industrial'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 Meiloon Industrial.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Meiloon Industrial on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Meiloon Industrial Co or generate 0.0% return on investment in Meiloon Industrial over 30 days. Meiloon Industrial is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. Meiloon Industrial Co., Ltd. operates as an ODMOEM manufacturer for audio systems and loudspeakers worldwide More
Meiloon Industrial 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 Meiloon Industrial'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 Meiloon Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 18.9 | |||
| Value At Risk | (5.47) | |||
| Potential Upside | 9.95 |
Meiloon Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meiloon Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meiloon Industrial's standard deviation. In reality, there are many statistical measures that can use Meiloon Industrial historical prices to predict the future Meiloon Industrial's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.5866 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1125 | |||
| Treynor Ratio | (0.83) |
Meiloon Industrial Backtested Returns
Meiloon Industrial appears to be not too volatile, given 3 months investment horizon. Meiloon Industrial has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Meiloon Industrial's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Meiloon Industrial's Mean Deviation of 3.26, downside deviation of 3.48, and Risk Adjusted Performance of 0.0994 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Meiloon Industrial holds a performance score of 8. The company secures a Beta (Market Risk) of -0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Meiloon Industrial are expected to decrease at a much lower rate. During the bear market, Meiloon Industrial is likely to outperform the market. Please check Meiloon Industrial's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Meiloon Industrial's current price movements will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Meiloon Industrial Co has virtually no predictability. Overlapping area represents the amount of predictability between Meiloon Industrial time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Meiloon Industrial price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Meiloon Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Meiloon Industrial lagged returns against current returns
Autocorrelation, which is Meiloon Industrial 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 Meiloon Industrial's stock expected returns. We can calculate the autocorrelation of Meiloon Industrial returns to help us make a trade decision. For example, suppose you find that Meiloon Industrial 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 |
Meiloon Industrial 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 Meiloon Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meiloon Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meiloon Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Meiloon Industrial Lagged Returns
When evaluating Meiloon Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meiloon Industrial stock have on its future price. Meiloon Industrial 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, Meiloon Industrial autocorrelation shows the relationship between Meiloon Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Meiloon Industrial Co.
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 Meiloon Stock Analysis
When running Meiloon Industrial's price analysis, check to measure Meiloon Industrial'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 Meiloon Industrial is operating at the current time. Most of Meiloon Industrial's value examination focuses on studying past and present price action to predict the probability of Meiloon Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meiloon Industrial's price. Additionally, you may evaluate how the addition of Meiloon Industrial to your portfolios can decrease your overall portfolio volatility.