Kingstate Electronics (Taiwan) Market Value
| 3206 Stock | TWD 42.10 0.30 0.71% |
| Symbol | Kingstate |
Kingstate 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 Kingstate 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 Kingstate Electronics.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Kingstate Electronics on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Kingstate Electronics or generate 0.0% return on investment in Kingstate Electronics over 30 days. Kingstate Electronics is related to or competes with Arbor Technology, AzureWave Technologies, U Media, Chailease Holding, Pili International, Wholetech System, and Asmedia Technology. Kingstate Electronics Corp. manufactures and sells acoustic products in Taiwan and internationally More
Kingstate 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 Kingstate 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 Kingstate Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.92 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.42 |
Kingstate Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingstate Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingstate Electronics' standard deviation. In reality, there are many statistical measures that can use Kingstate Electronics historical prices to predict the future Kingstate Electronics' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.4726 |
Kingstate Electronics Backtested Returns
Kingstate Electronics has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14 % return per unit of risk over the last 3 months. Kingstate Electronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kingstate Electronics' Standard Deviation of 1.32, risk adjusted performance of (0.11), and Mean Deviation of 0.8115 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kingstate Electronics are expected to decrease at a much lower rate. During the bear market, Kingstate Electronics is likely to outperform the market. At this point, Kingstate Electronics has a negative expected return of -0.18%. Please make sure to verify Kingstate Electronics' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kingstate Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Kingstate Electronics has good reverse predictability. Overlapping area represents the amount of predictability between Kingstate Electronics time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kingstate Electronics price movement. The serial correlation of -0.51 indicates that about 51.0% of current Kingstate Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Kingstate Electronics lagged returns against current returns
Autocorrelation, which is Kingstate 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 Kingstate Electronics' stock expected returns. We can calculate the autocorrelation of Kingstate Electronics returns to help us make a trade decision. For example, suppose you find that Kingstate 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 |
Kingstate 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 Kingstate Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingstate Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingstate Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Kingstate Electronics Lagged Returns
When evaluating Kingstate Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingstate Electronics stock have on its future price. Kingstate 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, Kingstate Electronics autocorrelation shows the relationship between Kingstate Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Kingstate Electronics.
Regressed Prices |
| Timeline |
Pair Trading with Kingstate Electronics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kingstate Electronics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kingstate Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Kingstate Stock
Moving against Kingstate Stock
The ability to find closely correlated positions to Kingstate Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingstate Electronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kingstate Electronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kingstate Electronics to buy it.
The correlation of Kingstate Electronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kingstate Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kingstate Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kingstate Electronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Kingstate Stock Analysis
When running Kingstate Electronics' price analysis, check to measure Kingstate 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 Kingstate Electronics is operating at the current time. Most of Kingstate Electronics' value examination focuses on studying past and present price action to predict the probability of Kingstate Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingstate Electronics' price. Additionally, you may evaluate how the addition of Kingstate Electronics to your portfolios can decrease your overall portfolio volatility.