Laster Tech (Taiwan) Market Value
| 3346 Stock | 38.30 0.50 1.29% |
| Symbol | Laster |
Laster Tech '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 Laster Tech'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 Laster Tech.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Laster Tech on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Laster Tech Corp or generate 0.0% return on investment in Laster Tech over 690 days. Laster Tech is related to or competes with Excellence Optoelectronic, Hota Industrial, Global PMX, Cub Elecparts, and TYC Brother. More
Laster Tech 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 Laster Tech'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 Laster Tech Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.5 |
Laster Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laster Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laster Tech's standard deviation. In reality, there are many statistical measures that can use Laster Tech historical prices to predict the future Laster Tech's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0346 |
Laster Tech Corp Backtested Returns
At this stage we consider Laster Stock to be very steady. Laster Tech Corp has Sharpe Ratio of 0.0088, which conveys that the firm had a 0.0088% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Laster Tech, which you can use to evaluate the volatility of the firm. Please verify Laster Tech's Downside Deviation of 1.54, mean deviation of 1.16, and Risk Adjusted Performance of 0.0146 to check out if the risk estimate we provide is consistent with the expected return of 0.0143%. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Laster Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Laster Tech is expected to be smaller as well. Laster Tech Corp right now secures a risk of 1.63%. Please verify Laster Tech Corp standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Laster Tech Corp will be following its current price movements.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Laster Tech Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Laster Tech time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Laster Tech Corp price movement. The serial correlation of -0.72 indicates that around 72.0% of current Laster Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 19.52 |
Laster Tech Corp lagged returns against current returns
Autocorrelation, which is Laster Tech 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 Laster Tech's stock expected returns. We can calculate the autocorrelation of Laster Tech returns to help us make a trade decision. For example, suppose you find that Laster Tech 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 |
Laster Tech 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 Laster Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laster Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laster Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Laster Tech Lagged Returns
When evaluating Laster Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laster Tech stock have on its future price. Laster Tech 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, Laster Tech autocorrelation shows the relationship between Laster Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Laster Tech Corp.
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 Laster Stock Analysis
When running Laster Tech's price analysis, check to measure Laster Tech'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 Laster Tech is operating at the current time. Most of Laster Tech's value examination focuses on studying past and present price action to predict the probability of Laster Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laster Tech's price. Additionally, you may evaluate how the addition of Laster Tech to your portfolios can decrease your overall portfolio volatility.