Excellence Optoelectronic (Taiwan) Market Value
| 6288 Stock | TWD 32.75 2.90 9.72% |
| Symbol | Excellence |
Excellence Optoelectronic '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 Excellence Optoelectronic'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 Excellence Optoelectronic.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Excellence Optoelectronic on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Excellence Optoelectronic or generate 0.0% return on investment in Excellence Optoelectronic over 360 days. Excellence Optoelectronic is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. Excellence Optoelectronics Inc. design, development, and testing of automotive LED component packaging in Taiwan, China,... More
Excellence Optoelectronic 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 Excellence Optoelectronic'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 Excellence Optoelectronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.0925 | |||
| Maximum Drawdown | 16.11 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 9.72 |
Excellence Optoelectronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Excellence Optoelectronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Excellence Optoelectronic's standard deviation. In reality, there are many statistical measures that can use Excellence Optoelectronic historical prices to predict the future Excellence Optoelectronic's volatility.| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.2034 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1133 | |||
| Treynor Ratio | 0.2253 |
Excellence Optoelectronic Backtested Returns
Excellence Optoelectronic appears to be not too volatile, given 3 months investment horizon. Excellence Optoelectronic secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Excellence Optoelectronic, which you can use to evaluate the volatility of the firm. Please utilize Excellence Optoelectronic's Semi Deviation of 2.19, downside deviation of 2.8, and Mean Deviation of 2.36 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Excellence Optoelectronic holds a performance score of 9. The firm shows a Beta (market volatility) of 1.95, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Excellence Optoelectronic will likely underperform. Please check Excellence Optoelectronic's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Excellence Optoelectronic's price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Excellence Optoelectronic has good reverse predictability. Overlapping area represents the amount of predictability between Excellence Optoelectronic time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Excellence Optoelectronic price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Excellence Optoelectronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 4.29 |
Excellence Optoelectronic lagged returns against current returns
Autocorrelation, which is Excellence Optoelectronic 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 Excellence Optoelectronic's stock expected returns. We can calculate the autocorrelation of Excellence Optoelectronic returns to help us make a trade decision. For example, suppose you find that Excellence Optoelectronic 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 |
Excellence Optoelectronic 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 Excellence Optoelectronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Excellence Optoelectronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Excellence Optoelectronic stock over time.
Current vs Lagged Prices |
| Timeline |
Excellence Optoelectronic Lagged Returns
When evaluating Excellence Optoelectronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Excellence Optoelectronic stock have on its future price. Excellence Optoelectronic 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, Excellence Optoelectronic autocorrelation shows the relationship between Excellence Optoelectronic stock current value and its past values and can show if there is a momentum factor associated with investing in Excellence Optoelectronic.
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 Excellence Stock Analysis
When running Excellence Optoelectronic's price analysis, check to measure Excellence Optoelectronic'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 Excellence Optoelectronic is operating at the current time. Most of Excellence Optoelectronic's value examination focuses on studying past and present price action to predict the probability of Excellence Optoelectronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Excellence Optoelectronic's price. Additionally, you may evaluate how the addition of Excellence Optoelectronic to your portfolios can decrease your overall portfolio volatility.