Creative Sensor (Taiwan) Market Value
| 8249 Stock | TWD 54.00 0.80 1.46% |
| Symbol | Creative |
Creative Sensor '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 Creative Sensor'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 Creative Sensor.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Creative Sensor on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Creative Sensor or generate 0.0% return on investment in Creative Sensor over 720 days. Creative Sensor is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Creative Sensor Inc. manufactures and supplies color contact image sensor modules for imaging applications in Taiwan and... More
Creative Sensor 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 Creative Sensor'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 Creative Sensor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | 0.1093 | |||
| Maximum Drawdown | 21.06 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 9.96 |
Creative Sensor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Creative Sensor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Creative Sensor's standard deviation. In reality, there are many statistical measures that can use Creative Sensor historical prices to predict the future Creative Sensor's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 0.7652 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1384 | |||
| Treynor Ratio | (0.61) |
Creative Sensor Backtested Returns
At this stage we consider Creative Stock to be very steady. Creative Sensor secures Sharpe Ratio (or Efficiency) of 0.0147, which signifies that the company had a 0.0147% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Creative Sensor, which you can use to evaluate the volatility of the firm. Please confirm Creative Sensor's risk adjusted performance of 0.104, and Mean Deviation of 3.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.0679%. Creative Sensor has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -1.08, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Creative Sensor are expected to decrease slowly. On the other hand, during market turmoil, Creative Sensor is expected to outperform it slightly. Creative Sensor right now shows a risk of 4.62%. Please confirm Creative Sensor semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Creative Sensor will be following its price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Creative Sensor has weak reverse predictability. Overlapping area represents the amount of predictability between Creative Sensor time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Creative Sensor price movement. The serial correlation of -0.23 indicates that over 23.0% of current Creative Sensor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 182.03 |
Creative Sensor lagged returns against current returns
Autocorrelation, which is Creative Sensor 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 Creative Sensor's stock expected returns. We can calculate the autocorrelation of Creative Sensor returns to help us make a trade decision. For example, suppose you find that Creative Sensor 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 |
Creative Sensor 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 Creative Sensor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Creative Sensor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Creative Sensor stock over time.
Current vs Lagged Prices |
| Timeline |
Creative Sensor Lagged Returns
When evaluating Creative Sensor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Creative Sensor stock have on its future price. Creative Sensor 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, Creative Sensor autocorrelation shows the relationship between Creative Sensor stock current value and its past values and can show if there is a momentum factor associated with investing in Creative Sensor.
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 Creative Stock Analysis
When running Creative Sensor's price analysis, check to measure Creative Sensor'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 Creative Sensor is operating at the current time. Most of Creative Sensor's value examination focuses on studying past and present price action to predict the probability of Creative Sensor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Creative Sensor's price. Additionally, you may evaluate how the addition of Creative Sensor to your portfolios can decrease your overall portfolio volatility.