Launch Technologies (Taiwan) Market Value
| 8420 Stock | TWD 40.60 0.40 0.98% |
| Symbol | Launch |
Launch Technologies '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 Launch Technologies' 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 Launch Technologies.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Launch Technologies on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Launch Technologies Co or generate 0.0% return on investment in Launch Technologies over 30 days. Launch Technologies is related to or competes with Univacco Technology, Integrated Service, Microtips Technology, Arbor Technology, STL Technology, Genovate Biotechnology, and V Tac. Launch Technologies Co., Ltd. engages in the research and development, manufacture, and sale of golf balls in Taiwan and... More
Launch Technologies 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 Launch Technologies' 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 Launch Technologies Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 0.9604 |
Launch Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Launch Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Launch Technologies' standard deviation. In reality, there are many statistical measures that can use Launch Technologies historical prices to predict the future Launch Technologies' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (2.34) |
Launch Technologies Backtested Returns
Launch Technologies has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Launch Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Launch Technologies' Standard Deviation of 0.7368, mean deviation of 0.5257, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0448, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Launch Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Launch Technologies is expected to be smaller as well. At this point, Launch Technologies has a negative expected return of -0.0919%. Please make sure to verify Launch Technologies' total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Launch Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Launch Technologies Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Launch Technologies time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Launch Technologies price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Launch Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Launch Technologies lagged returns against current returns
Autocorrelation, which is Launch Technologies 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 Launch Technologies' stock expected returns. We can calculate the autocorrelation of Launch Technologies returns to help us make a trade decision. For example, suppose you find that Launch Technologies 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 |
Launch Technologies 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 Launch Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Launch Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Launch Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Launch Technologies Lagged Returns
When evaluating Launch Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Launch Technologies stock have on its future price. Launch Technologies 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, Launch Technologies autocorrelation shows the relationship between Launch Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Launch Technologies Co.
Regressed Prices |
| Timeline |
Pair Trading with Launch Technologies
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 Launch Technologies 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 Launch Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Launch Stock
| 0.73 | 2881A | Fubon Financial Holding | PairCorr |
| 0.71 | 2891 | CTBC Financial Holding | PairCorr |
| 0.68 | 2891B | CTBC Financial Holding | PairCorr |
| 0.66 | 2882B | Cathay Financial Holding | PairCorr |
| 0.63 | 2881B | Fubon Financial Holding | PairCorr |
The ability to find closely correlated positions to Launch Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Launch Technologies 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 Launch Technologies - 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 Launch Technologies Co to buy it.
The correlation of Launch Technologies 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 Launch Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Launch Technologies 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 Launch Technologies 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 Launch Stock Analysis
When running Launch Technologies' price analysis, check to measure Launch Technologies' 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 Launch Technologies is operating at the current time. Most of Launch Technologies' value examination focuses on studying past and present price action to predict the probability of Launch Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Launch Technologies' price. Additionally, you may evaluate how the addition of Launch Technologies to your portfolios can decrease your overall portfolio volatility.