Edom Technology (Taiwan) Market Value
| 3048 Stock | TWD 30.50 0.35 1.13% |
| Symbol | Edom |
Edom Technology '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 Edom Technology'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 Edom Technology.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Edom Technology on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Edom Technology Co or generate 0.0% return on investment in Edom Technology over 720 days. Edom Technology is related to or competes with Altek Corp, ALi Corp, Leader Electronics, Spirox Corp, and Gemtek Technology. EDOM Technology Co., Ltd. engages in the distribution of electronic parts, computer hardware, software, and equipment in... More
Edom Technology 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 Edom Technology'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 Edom Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.51 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.68 |
Edom Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edom Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edom Technology's standard deviation. In reality, there are many statistical measures that can use Edom Technology historical prices to predict the future Edom Technology's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.82) |
Edom Technology Backtested Returns
Edom Technology secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. Edom Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edom Technology's Mean Deviation of 1.82, variance of 7.16, and Standard Deviation of 2.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, Edom Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edom Technology is expected to be smaller as well. At this point, Edom Technology has a negative expected return of -0.4%. Please make sure to confirm Edom Technology's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Edom Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Edom Technology Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Edom Technology time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Edom Technology price movement. The serial correlation of -0.72 indicates that around 72.0% of current Edom Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 78.41 |
Edom Technology lagged returns against current returns
Autocorrelation, which is Edom Technology 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 Edom Technology's stock expected returns. We can calculate the autocorrelation of Edom Technology returns to help us make a trade decision. For example, suppose you find that Edom Technology 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 |
Edom Technology 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 Edom Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edom Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edom Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Edom Technology Lagged Returns
When evaluating Edom Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edom Technology stock have on its future price. Edom Technology 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, Edom Technology autocorrelation shows the relationship between Edom Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Edom Technology 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 Edom Stock Analysis
When running Edom Technology's price analysis, check to measure Edom Technology'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 Edom Technology is operating at the current time. Most of Edom Technology's value examination focuses on studying past and present price action to predict the probability of Edom Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edom Technology's price. Additionally, you may evaluate how the addition of Edom Technology to your portfolios can decrease your overall portfolio volatility.