Kunyue Development (Taiwan) Market Value
| 5206 Stock | TWD 43.50 0.95 2.23% |
| Symbol | Kunyue |
Kunyue Development '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 Kunyue Development'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 Kunyue Development.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Kunyue Development on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Kunyue Development Co or generate 0.0% return on investment in Kunyue Development over 30 days. Kunyue Development is related to or competes with Evermore Chemical, Johnson Chemical, Asia Electronic, Silicon Power, Hsinli Chemical, Jinan Acetate, and Grand Pacific. Kunyue Development Co., Ltd. provides real estate development and maintenance services More
Kunyue Development 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 Kunyue Development'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 Kunyue Development Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 16.67 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.23 |
Kunyue Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kunyue Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kunyue Development's standard deviation. In reality, there are many statistical measures that can use Kunyue Development historical prices to predict the future Kunyue Development's volatility.| Risk Adjusted Performance | 0.1233 | |||
| Jensen Alpha | 0.313 | |||
| Total Risk Alpha | 0.3096 | |||
| Sortino Ratio | 0.156 | |||
| Treynor Ratio | (0.98) |
Kunyue Development Backtested Returns
Kunyue Development appears to be very steady, given 3 months investment horizon. Kunyue Development has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Kunyue Development, which you can use to evaluate the volatility of the firm. Please exercise Kunyue Development's Mean Deviation of 1.14, downside deviation of 2.0, and Risk Adjusted Performance of 0.1233 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kunyue Development holds a performance score of 10. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kunyue Development are expected to decrease at a much lower rate. During the bear market, Kunyue Development is likely to outperform the market. Please check Kunyue Development's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Kunyue Development's current price movements will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Kunyue Development Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Kunyue Development time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kunyue Development price movement. The serial correlation of -0.03 indicates that only 3.0% of current Kunyue Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Kunyue Development lagged returns against current returns
Autocorrelation, which is Kunyue Development 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 Kunyue Development's stock expected returns. We can calculate the autocorrelation of Kunyue Development returns to help us make a trade decision. For example, suppose you find that Kunyue Development 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 |
Kunyue Development 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 Kunyue Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kunyue Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kunyue Development stock over time.
Current vs Lagged Prices |
| Timeline |
Kunyue Development Lagged Returns
When evaluating Kunyue Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kunyue Development stock have on its future price. Kunyue Development 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, Kunyue Development autocorrelation shows the relationship between Kunyue Development stock current value and its past values and can show if there is a momentum factor associated with investing in Kunyue Development Co.
Regressed Prices |
| Timeline |
Pair Trading with Kunyue Development
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kunyue Development position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kunyue Development will appreciate offsetting losses from the drop in the long position's value.Moving against Kunyue Stock
| 0.67 | 5871 | Chailease Holding | PairCorr |
| 0.59 | 9928 | China Television | PairCorr |
| 0.57 | 5903 | Taiwan FamilyMart | PairCorr |
| 0.54 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.48 | 2633 | Taiwan High Speed Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Kunyue Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kunyue Development when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kunyue Development - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kunyue Development Co to buy it.
The correlation of Kunyue Development is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kunyue Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kunyue Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kunyue Development can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Kunyue Stock Analysis
When running Kunyue Development's price analysis, check to measure Kunyue Development'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 Kunyue Development is operating at the current time. Most of Kunyue Development's value examination focuses on studying past and present price action to predict the probability of Kunyue Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kunyue Development's price. Additionally, you may evaluate how the addition of Kunyue Development to your portfolios can decrease your overall portfolio volatility.