Nak Sealing (Taiwan) Market Value
| 9942 Stock | TWD 117.00 0.50 0.43% |
| Symbol | Nak |
Nak Sealing '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 Nak Sealing'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 Nak Sealing.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nak Sealing on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nak Sealing Technologies or generate 0.0% return on investment in Nak Sealing over 30 days. Nak Sealing is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. NAK Sealing Technologies Corporation develops, manufactures, and sells oil seals and technical sealing products for vari... More
Nak Sealing 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 Nak Sealing'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 Nak Sealing Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 2.19 |
Nak Sealing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nak Sealing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nak Sealing's standard deviation. In reality, there are many statistical measures that can use Nak Sealing historical prices to predict the future Nak Sealing's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.0502 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 14.88 |
Nak Sealing Technologies Backtested Returns
At this stage we consider Nak Stock to be very steady. Nak Sealing Technologies has Sharpe Ratio of 0.0664, which conveys that the firm had a 0.0664% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nak Sealing, which you can use to evaluate the volatility of the firm. Please verify Nak Sealing's Downside Deviation of 1.04, risk adjusted performance of 0.0408, and Mean Deviation of 0.8177 to check out if the risk estimate we provide is consistent with the expected return of 0.0843%. Nak Sealing has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0034, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nak Sealing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nak Sealing is expected to be smaller as well. Nak Sealing Technologies right now secures a risk of 1.27%. Please verify Nak Sealing Technologies semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Nak Sealing Technologies will be following its current price movements.
Auto-correlation | 0.13 |
Insignificant predictability
Nak Sealing Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Nak Sealing time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Nak Sealing Technologies price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Nak Sealing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Nak Sealing Technologies lagged returns against current returns
Autocorrelation, which is Nak Sealing 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 Nak Sealing's stock expected returns. We can calculate the autocorrelation of Nak Sealing returns to help us make a trade decision. For example, suppose you find that Nak Sealing 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 |
Nak Sealing 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 Nak Sealing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nak Sealing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nak Sealing stock over time.
Current vs Lagged Prices |
| Timeline |
Nak Sealing Lagged Returns
When evaluating Nak Sealing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nak Sealing stock have on its future price. Nak Sealing 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, Nak Sealing autocorrelation shows the relationship between Nak Sealing stock current value and its past values and can show if there is a momentum factor associated with investing in Nak Sealing Technologies.
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 Nak Stock Analysis
When running Nak Sealing's price analysis, check to measure Nak Sealing'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 Nak Sealing is operating at the current time. Most of Nak Sealing's value examination focuses on studying past and present price action to predict the probability of Nak Sealing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nak Sealing's price. Additionally, you may evaluate how the addition of Nak Sealing to your portfolios can decrease your overall portfolio volatility.