Rechi Precision (Taiwan) Market Value
| 4532 Stock | TWD 27.50 0.25 0.92% |
| Symbol | Rechi |
Rechi Precision '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 Rechi Precision'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 Rechi Precision.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Rechi Precision on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Rechi Precision Co or generate 0.0% return on investment in Rechi Precision over 300 days. Rechi Precision is related to or competes with Basso Industry, Kinik, Tong Tai, Cheng Shin, and Gemtek Technology. Rechi Precision Co., Ltd. develops, produces, and sells compressors in Taiwan and internationally More
Rechi Precision 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 Rechi Precision'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 Rechi Precision Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.21 |
Rechi Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rechi Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rechi Precision's standard deviation. In reality, there are many statistical measures that can use Rechi Precision historical prices to predict the future Rechi Precision's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.1118 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.63) |
Rechi Precision Backtested Returns
At this stage we consider Rechi Stock to be very steady. Rechi Precision maintains Sharpe Ratio (i.e., Efficiency) of 0.0839, which implies the firm had a 0.0839% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rechi Precision, which you can use to evaluate the volatility of the company. Please check Rechi Precision's Semi Deviation of 1.53, risk adjusted performance of 0.0581, and Coefficient Of Variation of 1449.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Rechi Precision has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of -0.0639, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rechi Precision are expected to decrease at a much lower rate. During the bear market, Rechi Precision is likely to outperform the market. Rechi Precision right now holds a risk of 1.7%. Please check Rechi Precision downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Rechi Precision will be following its historical price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Rechi Precision Co has modest reverse predictability. Overlapping area represents the amount of predictability between Rechi Precision time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Rechi Precision price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Rechi Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
Rechi Precision lagged returns against current returns
Autocorrelation, which is Rechi Precision 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 Rechi Precision's stock expected returns. We can calculate the autocorrelation of Rechi Precision returns to help us make a trade decision. For example, suppose you find that Rechi Precision 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 |
Rechi Precision 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 Rechi Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rechi Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rechi Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Rechi Precision Lagged Returns
When evaluating Rechi Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rechi Precision stock have on its future price. Rechi Precision 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, Rechi Precision autocorrelation shows the relationship between Rechi Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Rechi Precision Co.
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 Rechi Stock Analysis
When running Rechi Precision's price analysis, check to measure Rechi Precision'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 Rechi Precision is operating at the current time. Most of Rechi Precision's value examination focuses on studying past and present price action to predict the probability of Rechi Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rechi Precision's price. Additionally, you may evaluate how the addition of Rechi Precision to your portfolios can decrease your overall portfolio volatility.