Kinsus Interconnect (Taiwan) Market Value
| 3189 Stock | TWD 92.60 4.40 4.54% |
| Symbol | Kinsus |
Kinsus Interconnect '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 Kinsus Interconnect'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 Kinsus Interconnect.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Kinsus Interconnect on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kinsus Interconnect Technology or generate 0.0% return on investment in Kinsus Interconnect over 180 days. Kinsus Interconnect is related to or competes with Sitronix Technology, Elan Microelectronics, Global Unichip, and Holtek Semiconductor. Kinsus Interconnect Technology Corp. primarily researches, develops, designs, manufactures, and sells electronic product... More
Kinsus Interconnect 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 Kinsus Interconnect'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 Kinsus Interconnect Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.22 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.19 |
Kinsus Interconnect Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinsus Interconnect's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinsus Interconnect's standard deviation. In reality, there are many statistical measures that can use Kinsus Interconnect historical prices to predict the future Kinsus Interconnect's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.55) |
Kinsus Interconnect Backtested Returns
Kinsus Interconnect has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Kinsus Interconnect exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinsus Interconnect's Mean Deviation of 1.98, standard deviation of 2.79, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kinsus Interconnect's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinsus Interconnect is expected to be smaller as well. At this point, Kinsus Interconnect has a negative expected return of -0.28%. Please make sure to verify Kinsus Interconnect's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kinsus Interconnect performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Kinsus Interconnect Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Kinsus Interconnect time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Kinsus Interconnect price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Kinsus Interconnect price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 34.13 |
Kinsus Interconnect lagged returns against current returns
Autocorrelation, which is Kinsus Interconnect 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 Kinsus Interconnect's stock expected returns. We can calculate the autocorrelation of Kinsus Interconnect returns to help us make a trade decision. For example, suppose you find that Kinsus Interconnect 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 |
Kinsus Interconnect 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 Kinsus Interconnect stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinsus Interconnect stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinsus Interconnect stock over time.
Current vs Lagged Prices |
| Timeline |
Kinsus Interconnect Lagged Returns
When evaluating Kinsus Interconnect's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinsus Interconnect stock have on its future price. Kinsus Interconnect 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, Kinsus Interconnect autocorrelation shows the relationship between Kinsus Interconnect stock current value and its past values and can show if there is a momentum factor associated with investing in Kinsus Interconnect Technology.
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 Kinsus Stock Analysis
When running Kinsus Interconnect's price analysis, check to measure Kinsus Interconnect'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 Kinsus Interconnect is operating at the current time. Most of Kinsus Interconnect's value examination focuses on studying past and present price action to predict the probability of Kinsus Interconnect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinsus Interconnect's price. Additionally, you may evaluate how the addition of Kinsus Interconnect to your portfolios can decrease your overall portfolio volatility.