Ju Teng (Taiwan) Market Value
| 9136 Stock | TWD 6.13 0.06 0.99% |
| Symbol | 9136 |
Ju Teng '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 Ju Teng'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 Ju Teng.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Ju Teng on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Ju Teng International or generate 0.0% return on investment in Ju Teng over 540 days. Ju Teng is related to or competes with Catcher Technology, Darfon Electronics, and Digital China. Ju Teng International Holdings Limited, an investment holding company, manufactures and sells casings for notebook compu... More
Ju Teng 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 Ju Teng'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 Ju Teng International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 0.9709 |
Ju Teng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ju Teng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ju Teng's standard deviation. In reality, there are many statistical measures that can use Ju Teng historical prices to predict the future Ju Teng's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.71) |
Ju Teng International Backtested Returns
Ju Teng International retains Efficiency (Sharpe Ratio) of -0.12, which attests that the entity had a -0.12% return per unit of price deviation over the last 3 months. Ju Teng exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ju Teng's Coefficient Of Variation of (788.78), market risk adjusted performance of (0.70), and Information Ratio of (0.34) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ju Teng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ju Teng is expected to be smaller as well. At this point, Ju Teng International has a negative expected return of -0.0798%. Please make sure to check out Ju Teng's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Ju Teng International performance from the past will be repeated in the future.
Auto-correlation | -0.32 |
Poor reverse predictability
Ju Teng International has poor reverse predictability. Overlapping area represents the amount of predictability between Ju Teng time series from 10th of June 2023 to 6th of March 2024 and 6th of March 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 Ju Teng International price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Ju Teng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Ju Teng International lagged returns against current returns
Autocorrelation, which is Ju Teng 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 Ju Teng's stock expected returns. We can calculate the autocorrelation of Ju Teng returns to help us make a trade decision. For example, suppose you find that Ju Teng 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 |
Ju Teng 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 Ju Teng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ju Teng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ju Teng stock over time.
Current vs Lagged Prices |
| Timeline |
Ju Teng Lagged Returns
When evaluating Ju Teng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ju Teng stock have on its future price. Ju Teng 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, Ju Teng autocorrelation shows the relationship between Ju Teng stock current value and its past values and can show if there is a momentum factor associated with investing in Ju Teng International.
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 9136 Stock Analysis
When running Ju Teng's price analysis, check to measure Ju Teng'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 Ju Teng is operating at the current time. Most of Ju Teng's value examination focuses on studying past and present price action to predict the probability of Ju Teng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ju Teng's price. Additionally, you may evaluate how the addition of Ju Teng to your portfolios can decrease your overall portfolio volatility.