Lucky Cement (Taiwan) Market Value
| 1108 Stock | TWD 14.45 0.05 0.34% |
| Symbol | Lucky |
Lucky Cement '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 Lucky Cement'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 Lucky Cement.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Lucky Cement on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Lucky Cement Co or generate 0.0% return on investment in Lucky Cement over 30 days. Lucky Cement is related to or competes with Formosa Chemicals, China Steel, Formosa Petrochemical, and Cathay Financial. Lucky Cement Corporation, together with its subsidiaries, manufactures and sells cement in Taiwan More
Lucky Cement 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 Lucky Cement'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 Lucky Cement Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.47 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 0.6969 |
Lucky Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lucky Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lucky Cement's standard deviation. In reality, there are many statistical measures that can use Lucky Cement historical prices to predict the future Lucky Cement's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.25) |
Lucky Cement Backtested Returns
Lucky Cement has Sharpe Ratio of -0.0954, which conveys that the firm had a -0.0954% return per unit of risk over the last 3 months. Lucky Cement exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lucky Cement's Standard Deviation of 0.758, risk adjusted performance of (0.04), and Mean Deviation of 0.4868 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lucky Cement's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lucky Cement is expected to be smaller as well. At this point, Lucky Cement has a negative expected return of -0.0723%. Please make sure to verify Lucky Cement's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Lucky Cement performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Lucky Cement Co has poor reverse predictability. Overlapping area represents the amount of predictability between Lucky Cement time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Lucky Cement price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Lucky Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Lucky Cement lagged returns against current returns
Autocorrelation, which is Lucky Cement 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 Lucky Cement's stock expected returns. We can calculate the autocorrelation of Lucky Cement returns to help us make a trade decision. For example, suppose you find that Lucky Cement 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 |
Lucky Cement 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 Lucky Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lucky Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lucky Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Lucky Cement Lagged Returns
When evaluating Lucky Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lucky Cement stock have on its future price. Lucky Cement 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, Lucky Cement autocorrelation shows the relationship between Lucky Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Lucky Cement Co.
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 Lucky Stock Analysis
When running Lucky Cement's price analysis, check to measure Lucky Cement'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 Lucky Cement is operating at the current time. Most of Lucky Cement's value examination focuses on studying past and present price action to predict the probability of Lucky Cement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucky Cement's price. Additionally, you may evaluate how the addition of Lucky Cement to your portfolios can decrease your overall portfolio volatility.