E Ink (Taiwan) Market Value
| 8069 Stock | TWD 281.50 1.50 0.53% |
| Symbol | 8069 |
E Ink '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 E Ink'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 E Ink.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in E Ink on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding E Ink Holdings or generate 0.0% return on investment in E Ink over 690 days. E Ink is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, Yageo Corp, Pegatron Corp, AU Optronics, and Innolux Corp. More
E Ink 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 E Ink'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 E Ink Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.83 |
E Ink Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E Ink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E Ink's standard deviation. In reality, there are many statistical measures that can use E Ink historical prices to predict the future E Ink's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.25) |
E Ink Holdings Backtested Returns
E Ink Holdings secures Sharpe Ratio (or Efficiency) of -0.0387, which denotes the company had a -0.0387% return per unit of return volatility over the last 3 months. E Ink Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm E Ink's standard deviation of 2.04, and Mean Deviation of 1.61 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, E Ink's returns are expected to increase less than the market. However, during the bear market, the loss of holding E Ink is expected to be smaller as well. At this point, E Ink Holdings has a negative expected return of -0.081%. Please make sure to confirm E Ink's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if E Ink Holdings performance from the past will be repeated sooner or later.
Auto-correlation | -0.34 |
Poor reverse predictability
E Ink Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between E Ink time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 E Ink Holdings price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current E Ink price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1590.68 |
E Ink Holdings lagged returns against current returns
Autocorrelation, which is E Ink 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 E Ink's stock expected returns. We can calculate the autocorrelation of E Ink returns to help us make a trade decision. For example, suppose you find that E Ink 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 |
E Ink 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 E Ink stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E Ink stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E Ink stock over time.
Current vs Lagged Prices |
| Timeline |
E Ink Lagged Returns
When evaluating E Ink's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E Ink stock have on its future price. E Ink 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, E Ink autocorrelation shows the relationship between E Ink stock current value and its past values and can show if there is a momentum factor associated with investing in E Ink Holdings.
Regressed Prices |
| Timeline |
Pair Trading with E Ink
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if E Ink position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in E Ink will appreciate offsetting losses from the drop in the long position's value.Moving against 8069 Stock
The ability to find closely correlated positions to E Ink could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E Ink when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back E Ink - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling E Ink Holdings to buy it.
The correlation of E Ink is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as E Ink moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E Ink Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for E Ink can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for 8069 Stock Analysis
When running E Ink's price analysis, check to measure E Ink'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 E Ink is operating at the current time. Most of E Ink's value examination focuses on studying past and present price action to predict the probability of E Ink's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E Ink's price. Additionally, you may evaluate how the addition of E Ink to your portfolios can decrease your overall portfolio volatility.