Coxon Precise (Taiwan) Market Value
| 3607 Stock | TWD 18.45 0.15 0.82% |
| Symbol | Coxon |
Coxon Precise '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 Coxon Precise'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 Coxon Precise.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Coxon Precise on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Coxon Precise Industrial or generate 0.0% return on investment in Coxon Precise over 30 days. Coxon Precise is related to or competes with United Microelectronics, and Winbond Electronics. Coxon Precise Industrial Co., Ltd manufactures and sells engineering plastic products in Taiwan and internationally More
Coxon Precise 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 Coxon Precise'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 Coxon Precise Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 17.0 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 5.35 |
Coxon Precise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coxon Precise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coxon Precise's standard deviation. In reality, there are many statistical measures that can use Coxon Precise historical prices to predict the future Coxon Precise's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.50) |
Coxon Precise Industrial Backtested Returns
Coxon Precise Industrial secures Sharpe Ratio (or Efficiency) of -0.0437, which signifies that the company had a -0.0437% return per unit of risk over the last 3 months. Coxon Precise Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coxon Precise's Mean Deviation of 2.15, risk adjusted performance of (0.03), and Standard Deviation of 3.02 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Coxon Precise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coxon Precise is expected to be smaller as well. At this point, Coxon Precise Industrial has a negative expected return of -0.13%. Please make sure to confirm Coxon Precise's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Coxon Precise Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Coxon Precise Industrial has average predictability. Overlapping area represents the amount of predictability between Coxon Precise time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Coxon Precise Industrial price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Coxon Precise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Coxon Precise Industrial lagged returns against current returns
Autocorrelation, which is Coxon Precise 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 Coxon Precise's stock expected returns. We can calculate the autocorrelation of Coxon Precise returns to help us make a trade decision. For example, suppose you find that Coxon Precise 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 |
Coxon Precise 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 Coxon Precise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coxon Precise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coxon Precise stock over time.
Current vs Lagged Prices |
| Timeline |
Coxon Precise Lagged Returns
When evaluating Coxon Precise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coxon Precise stock have on its future price. Coxon Precise 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, Coxon Precise autocorrelation shows the relationship between Coxon Precise stock current value and its past values and can show if there is a momentum factor associated with investing in Coxon Precise Industrial.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Coxon Stock Analysis
When running Coxon Precise's price analysis, check to measure Coxon Precise'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 Coxon Precise is operating at the current time. Most of Coxon Precise's value examination focuses on studying past and present price action to predict the probability of Coxon Precise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coxon Precise's price. Additionally, you may evaluate how the addition of Coxon Precise to your portfolios can decrease your overall portfolio volatility.