Da Li (Taiwan) Market Value
| 6177 Stock | TWD 43.70 1.55 3.43% |
| Symbol | 6177 |
Da Li '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 Da Li'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 Da Li.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Da Li on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Da Li Development Co or generate 0.0% return on investment in Da Li over 180 days. Da Li is related to or competes with Tainan Spinning, Carnival Industrial, Symtek Automation, CTCI Corp, Information Technology, Kinko Optical, and Zinwell. ,Ltd. operates as a full-service, multi-family, and diversified real estate investment and development company More
Da Li 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 Da Li'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 Da Li Development Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 15.61 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 5.0 |
Da Li Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Da Li's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Da Li's standard deviation. In reality, there are many statistical measures that can use Da Li historical prices to predict the future Da Li's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.95) |
Da Li Development Backtested Returns
Da Li Development retains Efficiency (Sharpe Ratio) of -0.19, which denotes the company had a -0.19% return per unit of price deviation over the last 3 months. Da Li exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Da Li's Standard Deviation of 2.87, information ratio of (0.18), and Market Risk Adjusted Performance of (0.94) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Da Li's returns are expected to increase less than the market. However, during the bear market, the loss of holding Da Li is expected to be smaller as well. At this point, Da Li Development has a negative expected return of -0.52%. Please make sure to confirm Da Li's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Da Li Development performance from the past will be repeated at some future date.
Auto-correlation | -0.32 |
Poor reverse predictability
Da Li Development Co has poor reverse predictability. Overlapping area represents the amount of predictability between Da Li time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Da Li Development price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Da Li price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 35.18 |
Da Li Development lagged returns against current returns
Autocorrelation, which is Da Li 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 Da Li's stock expected returns. We can calculate the autocorrelation of Da Li returns to help us make a trade decision. For example, suppose you find that Da Li 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 |
Da Li 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 Da Li stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Da Li stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Da Li stock over time.
Current vs Lagged Prices |
| Timeline |
Da Li Lagged Returns
When evaluating Da Li's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Da Li stock have on its future price. Da Li 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, Da Li autocorrelation shows the relationship between Da Li stock current value and its past values and can show if there is a momentum factor associated with investing in Da Li Development Co.
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 6177 Stock Analysis
When running Da Li's price analysis, check to measure Da Li'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 Da Li is operating at the current time. Most of Da Li's value examination focuses on studying past and present price action to predict the probability of Da Li's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Da Li's price. Additionally, you may evaluate how the addition of Da Li to your portfolios can decrease your overall portfolio volatility.