Darfon Electronics (Taiwan) Market Value
| 8163 Stock | TWD 50.30 1.00 2.03% |
| Symbol | Darfon |
Darfon 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 Darfon 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 Darfon Electronics.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Darfon Electronics on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Darfon Electronics Corp or generate 0.0% return on investment in Darfon Electronics over 90 days. Darfon Electronics is related to or competes with United Microelectronics, and Winbond Electronics. Darfon Electronics Corp. provides eco-friendly technologies for IT peripherals, passive components, and green energy sol... More
Darfon 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 Darfon 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 Darfon Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.16 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 2.75 |
Darfon Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Darfon Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Darfon Electronics' standard deviation. In reality, there are many statistical measures that can use Darfon Electronics historical prices to predict the future Darfon Electronics' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.08) |
Darfon Electronics Corp Backtested Returns
Darfon Electronics Corp secures Sharpe Ratio (or Efficiency) of -0.0252, which denotes the company had a -0.0252% return per unit of risk over the last 3 months. Darfon Electronics Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Darfon Electronics' Variance of 4.19, standard deviation of 2.05, and Mean Deviation of 1.39 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Darfon Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Darfon Electronics is expected to be smaller as well. At this point, Darfon Electronics Corp has a negative expected return of -0.0522%. Please make sure to confirm Darfon Electronics' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Darfon Electronics Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Darfon Electronics Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Darfon Electronics time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 Darfon Electronics Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Darfon Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 3.59 |
Darfon Electronics Corp lagged returns against current returns
Autocorrelation, which is Darfon 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 Darfon Electronics' stock expected returns. We can calculate the autocorrelation of Darfon Electronics returns to help us make a trade decision. For example, suppose you find that Darfon 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 |
Darfon 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 Darfon Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Darfon Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Darfon Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Darfon Electronics Lagged Returns
When evaluating Darfon Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Darfon Electronics stock have on its future price. Darfon 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, Darfon Electronics autocorrelation shows the relationship between Darfon Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Darfon 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 Darfon Stock Analysis
When running Darfon Electronics' price analysis, check to measure Darfon 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 Darfon Electronics is operating at the current time. Most of Darfon Electronics' value examination focuses on studying past and present price action to predict the probability of Darfon Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Darfon Electronics' price. Additionally, you may evaluate how the addition of Darfon Electronics to your portfolios can decrease your overall portfolio volatility.