Ledtech Electronics (Taiwan) Market Value
| 6164 Stock | TWD 14.70 0.35 2.44% |
| Symbol | Ledtech |
Ledtech Electronics '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 Ledtech Electronics' 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 Ledtech Electronics.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Ledtech Electronics on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Ledtech Electronics Corp or generate 0.0% return on investment in Ledtech Electronics over 30 days. Ledtech Electronics is related to or competes with Darwin Precisions, Amtran Technology, Gigastorage Corp, United Renewable, and Ability Enterprise. Ledtech Electronics Corp. produces and sells LED lamps and displays in Taiwan and internationally More
Ledtech Electronics 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 Ledtech Electronics' 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 Ledtech Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.63 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 33.64 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 6.38 |
Ledtech Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ledtech Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ledtech Electronics' standard deviation. In reality, there are many statistical measures that can use Ledtech Electronics historical prices to predict the future Ledtech Electronics' volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.011 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1474 |
Ledtech Electronics Corp Backtested Returns
At this stage we consider Ledtech Stock to be somewhat reliable. Ledtech Electronics Corp has Sharpe Ratio of 0.0265, which conveys that the firm had a 0.0265% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ledtech Electronics, which you can use to evaluate the volatility of the firm. Please verify Ledtech Electronics' Risk Adjusted Performance of 0.0252, downside deviation of 4.63, and Mean Deviation of 2.23 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Ledtech Electronics has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ledtech Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ledtech Electronics is expected to be smaller as well. Ledtech Electronics Corp right now secures a risk of 4.15%. Please verify Ledtech Electronics Corp market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Ledtech Electronics Corp will be following its current price movements.
Auto-correlation | 0.11 |
Insignificant predictability
Ledtech Electronics Corp has insignificant predictability. Overlapping area represents the amount of predictability between Ledtech Electronics time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Ledtech Electronics Corp price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Ledtech Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Ledtech Electronics Corp lagged returns against current returns
Autocorrelation, which is Ledtech Electronics 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 Ledtech Electronics' stock expected returns. We can calculate the autocorrelation of Ledtech Electronics returns to help us make a trade decision. For example, suppose you find that Ledtech Electronics 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 |
Ledtech Electronics 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 Ledtech Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ledtech Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ledtech Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Ledtech Electronics Lagged Returns
When evaluating Ledtech Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ledtech Electronics stock have on its future price. Ledtech Electronics 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, Ledtech Electronics autocorrelation shows the relationship between Ledtech Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Ledtech Electronics Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Ledtech Stock Analysis
When running Ledtech Electronics' price analysis, check to measure Ledtech Electronics' 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 Ledtech Electronics is operating at the current time. Most of Ledtech Electronics' value examination focuses on studying past and present price action to predict the probability of Ledtech Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ledtech Electronics' price. Additionally, you may evaluate how the addition of Ledtech Electronics to your portfolios can decrease your overall portfolio volatility.