Compal Broadband (Taiwan) Market Value
| 6674 Stock | TWD 30.20 1.55 4.88% |
| Symbol | Compal |
Compal Broadband '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 Compal Broadband'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 Compal Broadband.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Compal Broadband on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Compal Broadband Networks or generate 0.0% return on investment in Compal Broadband over 360 days. Compal Broadband is related to or competes with Accton Technology, Arcadyan Technology, Advanced Ceramic, and Gemtek Technology. Compal Broadband Networks, Inc. provides networking, home security, and home entertainment products in Taiwan and intern... More
Compal Broadband 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 Compal Broadband'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 Compal Broadband Networks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0819 | |||
| Maximum Drawdown | 13.71 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 6.5 |
Compal Broadband Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compal Broadband's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compal Broadband's standard deviation. In reality, there are many statistical measures that can use Compal Broadband historical prices to predict the future Compal Broadband's volatility.| Risk Adjusted Performance | 0.107 | |||
| Jensen Alpha | 0.3804 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1021 | |||
| Treynor Ratio | (1.09) |
Compal Broadband Networks Backtested Returns
Compal Broadband appears to be not too volatile, given 3 months investment horizon. Compal Broadband Networks secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Compal Broadband Networks, which you can use to evaluate the volatility of the firm. Please makes use of Compal Broadband's Risk Adjusted Performance of 0.107, mean deviation of 1.77, and Downside Deviation of 2.17 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compal Broadband holds a performance score of 9. The firm shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Compal Broadband are expected to decrease at a much lower rate. During the bear market, Compal Broadband is likely to outperform the market. Please check Compal Broadband's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Compal Broadband's price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Compal Broadband Networks has modest predictability. Overlapping area represents the amount of predictability between Compal Broadband 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 Compal Broadband Networks price movement. The serial correlation of 0.52 indicates that about 52.0% of current Compal Broadband price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
Compal Broadband Networks lagged returns against current returns
Autocorrelation, which is Compal Broadband 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 Compal Broadband's stock expected returns. We can calculate the autocorrelation of Compal Broadband returns to help us make a trade decision. For example, suppose you find that Compal Broadband 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 |
Compal Broadband 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 Compal Broadband stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compal Broadband stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compal Broadband stock over time.
Current vs Lagged Prices |
| Timeline |
Compal Broadband Lagged Returns
When evaluating Compal Broadband's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compal Broadband stock have on its future price. Compal Broadband 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, Compal Broadband autocorrelation shows the relationship between Compal Broadband stock current value and its past values and can show if there is a momentum factor associated with investing in Compal Broadband Networks.
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 Compal Stock Analysis
When running Compal Broadband's price analysis, check to measure Compal Broadband'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 Compal Broadband is operating at the current time. Most of Compal Broadband's value examination focuses on studying past and present price action to predict the probability of Compal Broadband's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compal Broadband's price. Additionally, you may evaluate how the addition of Compal Broadband to your portfolios can decrease your overall portfolio volatility.