LongDa Construction (Taiwan) Market Value
| 5519 Stock | TWD 35.95 0.50 1.41% |
| Symbol | LongDa |
LongDa Construction '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 LongDa Construction'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 LongDa Construction.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in LongDa Construction on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding LongDa Construction Development or generate 0.0% return on investment in LongDa Construction over 30 days. LongDa Construction is related to or competes with Ruentex Development, United Integrated, CTCI Corp, Continental Holdings, Ruentex Engineering, Century Wind, and BES Engineering. LongDa Construction Development Corporation engages in the provision of construction services primarily in Taiwan More
LongDa Construction 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 LongDa Construction'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 LongDa Construction Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 17.0 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.22 |
LongDa Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LongDa Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LongDa Construction's standard deviation. In reality, there are many statistical measures that can use LongDa Construction historical prices to predict the future LongDa Construction's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.90) |
LongDa Construction Backtested Returns
LongDa Construction has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. LongDa Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LongDa Construction's Mean Deviation of 1.61, risk adjusted performance of (0.10), and Standard Deviation of 2.36 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LongDa Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding LongDa Construction is expected to be smaller as well. At this point, LongDa Construction has a negative expected return of -0.4%. Please make sure to verify LongDa Construction's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if LongDa Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
LongDa Construction Development has virtually no predictability. Overlapping area represents the amount of predictability between LongDa Construction time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 LongDa Construction price movement. The serial correlation of 0.07 indicates that barely 7.0% of current LongDa Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
LongDa Construction lagged returns against current returns
Autocorrelation, which is LongDa Construction 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 LongDa Construction's stock expected returns. We can calculate the autocorrelation of LongDa Construction returns to help us make a trade decision. For example, suppose you find that LongDa Construction 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 |
LongDa Construction 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 LongDa Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LongDa Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LongDa Construction stock over time.
Current vs Lagged Prices |
| Timeline |
LongDa Construction Lagged Returns
When evaluating LongDa Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LongDa Construction stock have on its future price. LongDa Construction 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, LongDa Construction autocorrelation shows the relationship between LongDa Construction stock current value and its past values and can show if there is a momentum factor associated with investing in LongDa Construction Development.
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 LongDa Stock Analysis
When running LongDa Construction's price analysis, check to measure LongDa Construction'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 LongDa Construction is operating at the current time. Most of LongDa Construction's value examination focuses on studying past and present price action to predict the probability of LongDa Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LongDa Construction's price. Additionally, you may evaluate how the addition of LongDa Construction to your portfolios can decrease your overall portfolio volatility.