Genius Electronic (Taiwan) Market Value
| 3406 Stock | TWD 445.50 5.50 1.25% |
| Symbol | Genius |
Genius Electronic '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 Genius Electronic'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 Genius Electronic.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Genius Electronic on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Genius Electronic Optical or generate 0.0% return on investment in Genius Electronic over 720 days. Genius Electronic is related to or competes with LARGAN Precision, Catcher Technology, Unimicron Technology, WIN Semiconductors, and Novatek Microelectronics. Genius Electronic Optical Co., Ltd. designs, develops, and supplies lenses in Taiwan More
Genius Electronic 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 Genius Electronic'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 Genius Electronic Optical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.7 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 2.72 |
Genius Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genius Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genius Electronic's standard deviation. In reality, there are many statistical measures that can use Genius Electronic historical prices to predict the future Genius Electronic's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.56) |
Genius Electronic Optical Backtested Returns
Genius Electronic Optical holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Genius Electronic Optical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genius Electronic's Market Risk Adjusted Performance of (0.55), standard deviation of 2.28, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genius Electronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genius Electronic is expected to be smaller as well. At this point, Genius Electronic Optical has a negative expected return of -0.33%. Please make sure to check out Genius Electronic's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Genius Electronic Optical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Genius Electronic Optical has modest predictability. Overlapping area represents the amount of predictability between Genius Electronic time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Genius Electronic Optical price movement. The serial correlation of 0.51 indicates that about 51.0% of current Genius Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 4988.49 |
Genius Electronic Optical lagged returns against current returns
Autocorrelation, which is Genius Electronic 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 Genius Electronic's stock expected returns. We can calculate the autocorrelation of Genius Electronic returns to help us make a trade decision. For example, suppose you find that Genius Electronic 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 |
Genius Electronic 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 Genius Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genius Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genius Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Genius Electronic Lagged Returns
When evaluating Genius Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genius Electronic stock have on its future price. Genius Electronic 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, Genius Electronic autocorrelation shows the relationship between Genius Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Genius Electronic Optical.
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 Genius Stock Analysis
When running Genius Electronic's price analysis, check to measure Genius Electronic'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 Genius Electronic is operating at the current time. Most of Genius Electronic's value examination focuses on studying past and present price action to predict the probability of Genius Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genius Electronic's price. Additionally, you may evaluate how the addition of Genius Electronic to your portfolios can decrease your overall portfolio volatility.