Zhen Ding (Taiwan) Market Value
| 4958 Stock | TWD 118.50 1.50 1.28% |
| Symbol | Zhen |
Zhen Ding '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 Zhen Ding'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 Zhen Ding.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Zhen Ding on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Zhen Ding Technology or generate 0.0% return on investment in Zhen Ding over 720 days. Zhen Ding is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Zhen Ding Technology Holding Limited engages in the processing, manufacturing, and trading of various printed circuit bo... More
Zhen Ding 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 Zhen Ding'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 Zhen Ding Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.91 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.98 |
Zhen Ding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhen Ding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhen Ding's standard deviation. In reality, there are many statistical measures that can use Zhen Ding historical prices to predict the future Zhen Ding's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.50) |
Zhen Ding Technology Backtested Returns
Zhen Ding Technology shows Sharpe Ratio of -0.0411, which attests that the company had a -0.0411% return per unit of risk over the last 3 months. Zhen Ding Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhen Ding's Standard Deviation of 2.05, mean deviation of 1.46, and Market Risk Adjusted Performance of (0.49) to validate the risk estimate we provide. The firm maintains a market beta of 0.092, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhen Ding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhen Ding is expected to be smaller as well. At this point, Zhen Ding Technology has a negative expected return of -0.0835%. Please make sure to check out Zhen Ding's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Zhen Ding Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Zhen Ding Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Zhen Ding time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Zhen Ding Technology price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Zhen Ding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 142.41 |
Zhen Ding Technology lagged returns against current returns
Autocorrelation, which is Zhen Ding 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 Zhen Ding's stock expected returns. We can calculate the autocorrelation of Zhen Ding returns to help us make a trade decision. For example, suppose you find that Zhen Ding 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 |
Zhen Ding 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 Zhen Ding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhen Ding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhen Ding stock over time.
Current vs Lagged Prices |
| Timeline |
Zhen Ding Lagged Returns
When evaluating Zhen Ding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhen Ding stock have on its future price. Zhen Ding 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, Zhen Ding autocorrelation shows the relationship between Zhen Ding stock current value and its past values and can show if there is a momentum factor associated with investing in Zhen Ding Technology.
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 Zhen Stock Analysis
When running Zhen Ding's price analysis, check to measure Zhen Ding'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 Zhen Ding is operating at the current time. Most of Zhen Ding's value examination focuses on studying past and present price action to predict the probability of Zhen Ding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zhen Ding's price. Additionally, you may evaluate how the addition of Zhen Ding to your portfolios can decrease your overall portfolio volatility.