Emerging Display (Taiwan) Market Value
| 3038 Stock | TWD 26.90 0.25 0.94% |
| Symbol | Emerging |
Emerging Display '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 Emerging Display'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 Emerging Display.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Emerging Display on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Emerging Display Technologies or generate 0.0% return on investment in Emerging Display over 540 days. Emerging Display is related to or competes with Chung Lien, Arima Communications, Century Iron, Ever Clear, TMP Steel, and Mayer Steel. Emerging Display Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells capacitive touch panels and liquid crystal display modules in Mainland China, Europe, North America, Japan, Taiwan, South Korea, and internationally. More
Emerging Display 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 Emerging Display'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 Emerging Display Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.82 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.57 |
Emerging Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerging Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerging Display's standard deviation. In reality, there are many statistical measures that can use Emerging Display historical prices to predict the future Emerging Display's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.36) |
Emerging Display Tec Backtested Returns
Emerging Display Tec secures Sharpe Ratio (or Efficiency) of -0.0345, which denotes the company had a -0.0345% return per unit of risk over the last 3 months. Emerging Display Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Emerging Display's Standard Deviation of 1.14, variance of 1.3, and Mean Deviation of 0.8373 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Emerging Display's returns are expected to increase less than the market. However, during the bear market, the loss of holding Emerging Display is expected to be smaller as well. At this point, Emerging Display Tec has a negative expected return of -0.0399%. Please make sure to confirm Emerging Display's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Emerging Display Tec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Emerging Display Technologies has modest predictability. Overlapping area represents the amount of predictability between Emerging Display time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 Emerging Display Tec price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Emerging Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 8.3 |
Emerging Display Tec lagged returns against current returns
Autocorrelation, which is Emerging Display 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 Emerging Display's stock expected returns. We can calculate the autocorrelation of Emerging Display returns to help us make a trade decision. For example, suppose you find that Emerging Display 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 |
Emerging Display 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 Emerging Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerging Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emerging Display stock over time.
Current vs Lagged Prices |
| Timeline |
Emerging Display Lagged Returns
When evaluating Emerging Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerging Display stock have on its future price. Emerging Display 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, Emerging Display autocorrelation shows the relationship between Emerging Display stock current value and its past values and can show if there is a momentum factor associated with investing in Emerging Display Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Emerging Stock Analysis
When running Emerging Display's price analysis, check to measure Emerging Display'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 Emerging Display is operating at the current time. Most of Emerging Display's value examination focuses on studying past and present price action to predict the probability of Emerging Display's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emerging Display's price. Additionally, you may evaluate how the addition of Emerging Display to your portfolios can decrease your overall portfolio volatility.