Ennostar (Taiwan) Market Value
3714 Stock | TWD 46.25 0.40 0.87% |
Symbol | Ennostar |
Ennostar '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 Ennostar'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 Ennostar.
12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Ennostar on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ennostar or generate 0.0% return on investment in Ennostar over 720 days. Ennostar is related to or competes with Innolux Corp, United Renewable, Acbel Polytech, Gigastorage Corp, and Sincere Navigation. ENNOSTAR Inc. engages in the research and development, manufacture, and sale of compound semiconductors in Taiwan More
Ennostar 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 Ennostar'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 Ennostar upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.83 | |||
Information Ratio | 0.0504 | |||
Maximum Drawdown | 9.92 | |||
Value At Risk | (3.08) | |||
Potential Upside | 4.08 |
Ennostar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ennostar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ennostar's standard deviation. In reality, there are many statistical measures that can use Ennostar historical prices to predict the future Ennostar's volatility.Risk Adjusted Performance | 0.0937 | |||
Jensen Alpha | 0.203 | |||
Total Risk Alpha | (0.1) | |||
Sortino Ratio | 0.0561 | |||
Treynor Ratio | 1.33 |
Ennostar Backtested Returns
Ennostar appears to be very steady, given 3 months investment horizon. Ennostar secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ennostar, which you can use to evaluate the volatility of the firm. Please utilize Ennostar's Coefficient Of Variation of 874.66, mean deviation of 1.49, and Downside Deviation of 1.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ennostar holds a performance score of 9. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Ennostar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ennostar is expected to be smaller as well. Please check Ennostar's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ennostar's price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Ennostar has poor reverse predictability. Overlapping area represents the amount of predictability between Ennostar time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Ennostar price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Ennostar price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.4 | |
Spearman Rank Test | 0.03 | |
Residual Average | 0.0 | |
Price Variance | 6.97 |
Ennostar lagged returns against current returns
Autocorrelation, which is Ennostar 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 Ennostar's stock expected returns. We can calculate the autocorrelation of Ennostar returns to help us make a trade decision. For example, suppose you find that Ennostar 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 |
Ennostar 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 Ennostar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ennostar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ennostar stock over time.
Current vs Lagged Prices |
Timeline |
Ennostar Lagged Returns
When evaluating Ennostar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ennostar stock have on its future price. Ennostar 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, Ennostar autocorrelation shows the relationship between Ennostar stock current value and its past values and can show if there is a momentum factor associated with investing in Ennostar.
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 Ennostar Stock Analysis
When running Ennostar's price analysis, check to measure Ennostar'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 Ennostar is operating at the current time. Most of Ennostar's value examination focuses on studying past and present price action to predict the probability of Ennostar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ennostar's price. Additionally, you may evaluate how the addition of Ennostar to your portfolios can decrease your overall portfolio volatility.