I Sheng (Taiwan) Market Value
| 6115 Stock | TWD 52.50 0.20 0.38% |
| Symbol | 6115 |
I Sheng '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 I Sheng'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 I Sheng.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in I Sheng on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding I Sheng Electric Wire or generate 0.0% return on investment in I Sheng over 180 days. I Sheng is related to or competes with RiTdisplay Corp, WinMate Communication, Hannstar Display, Unitech Computer, Emerging Display, Oceanic Beverages, and Double Bond. I-Sheng Electric Wire Cable Co., Ltd. provides plugs and connectors, power supply cords, LAN cables, and electronic sign... More
I Sheng 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 I Sheng'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 I Sheng Electric Wire upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 2.62 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.5769 |
I Sheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I Sheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I Sheng's standard deviation. In reality, there are many statistical measures that can use I Sheng historical prices to predict the future I Sheng's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.31) |
I Sheng Electric Backtested Returns
I Sheng Electric holds Efficiency (Sharpe) Ratio of -0.0035, which attests that the company had a -0.0035% return per unit of volatility over the last 3 months. I Sheng Electric exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out I Sheng's coefficient of variation of (10,924), and Market Risk Adjusted Performance of (0.30) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.0474, which attests to not very significant fluctuations relative to the market. As returns on the market increase, I Sheng's returns are expected to increase less than the market. However, during the bear market, the loss of holding I Sheng is expected to be smaller as well. At this point, I Sheng Electric has a negative expected return of -0.0018%. Please make sure to check out I Sheng's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if I Sheng Electric performance from the past will be repeated sooner or later.
Auto-correlation | -0.54 |
Good reverse predictability
I Sheng Electric Wire has good reverse predictability. Overlapping area represents the amount of predictability between I Sheng time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 I Sheng Electric price movement. The serial correlation of -0.54 indicates that about 54.0% of current I Sheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
I Sheng Electric lagged returns against current returns
Autocorrelation, which is I Sheng 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 I Sheng's stock expected returns. We can calculate the autocorrelation of I Sheng returns to help us make a trade decision. For example, suppose you find that I Sheng 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 |
I Sheng 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 I Sheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I Sheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I Sheng stock over time.
Current vs Lagged Prices |
| Timeline |
I Sheng Lagged Returns
When evaluating I Sheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I Sheng stock have on its future price. I Sheng 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, I Sheng autocorrelation shows the relationship between I Sheng stock current value and its past values and can show if there is a momentum factor associated with investing in I Sheng Electric Wire.
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 6115 Stock Analysis
When running I Sheng's price analysis, check to measure I Sheng'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 I Sheng is operating at the current time. Most of I Sheng's value examination focuses on studying past and present price action to predict the probability of I Sheng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move I Sheng's price. Additionally, you may evaluate how the addition of I Sheng to your portfolios can decrease your overall portfolio volatility.