Lily Textile (Taiwan) Market Value
| 1443 Stock | 30.70 0.25 0.82% |
| Symbol | Lily |
Lily Textile '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 Lily Textile'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 Lily Textile.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Lily Textile on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Lily Textile Co or generate 0.0% return on investment in Lily Textile over 30 days. Lily Textile is related to or competes with Tong Yang, Ta Yih, Basso Industry, China, and Gordon Auto. Lily Textile Co., Ltd. produces and sells textile yarns in Taiwan. More
Lily Textile 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 Lily Textile'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 Lily Textile Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.48 |
Lily Textile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lily Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lily Textile's standard deviation. In reality, there are many statistical measures that can use Lily Textile historical prices to predict the future Lily Textile's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.94) |
Lily Textile Backtested Returns
Lily Textile has Sharpe Ratio of -0.22, which conveys that the firm had a -0.22 % return per unit of risk over the last 3 months. Lily Textile exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lily Textile's Mean Deviation of 0.8464, standard deviation of 1.24, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lily Textile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lily Textile is expected to be smaller as well. At this point, Lily Textile has a negative expected return of -0.22%. Please make sure to verify Lily Textile's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Lily Textile performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Lily Textile Co has below average predictability. Overlapping area represents the amount of predictability between Lily Textile time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lily Textile price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Lily Textile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Lily Textile lagged returns against current returns
Autocorrelation, which is Lily Textile 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 Lily Textile's stock expected returns. We can calculate the autocorrelation of Lily Textile returns to help us make a trade decision. For example, suppose you find that Lily Textile 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 |
Lily Textile 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 Lily Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lily Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lily Textile stock over time.
Current vs Lagged Prices |
| Timeline |
Lily Textile Lagged Returns
When evaluating Lily Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lily Textile stock have on its future price. Lily Textile 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, Lily Textile autocorrelation shows the relationship between Lily Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Lily Textile Co.
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 Lily Stock Analysis
When running Lily Textile's price analysis, check to measure Lily Textile'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 Lily Textile is operating at the current time. Most of Lily Textile's value examination focuses on studying past and present price action to predict the probability of Lily Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lily Textile's price. Additionally, you may evaluate how the addition of Lily Textile to your portfolios can decrease your overall portfolio volatility.