Kung Long (Taiwan) Market Value
| 1537 Stock | TWD 160.00 0.50 0.31% |
| Symbol | Kung |
Kung Long '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 Kung Long'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 Kung Long.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Kung Long on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Kung Long Batteries or generate 0.0% return on investment in Kung Long over 390 days. Kung Long is related to or competes with Grape King, TTET Union, Zeng Hsing, Basso Industry, and Standard Foods. Kung Long Batteries Industrial Co., Ltd. manufactures and sells lead-acid batteries in Taiwan More
Kung Long 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 Kung Long'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 Kung Long Batteries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.0344 | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 3.07 |
Kung Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kung Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kung Long's standard deviation. In reality, there are many statistical measures that can use Kung Long historical prices to predict the future Kung Long's volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.1662 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | (1.74) |
Kung Long Batteries Backtested Returns
At this stage we consider Kung Stock to be very steady. Kung Long Batteries has Sharpe Ratio of 0.0339, which conveys that the firm had a 0.0339% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kung Long, which you can use to evaluate the volatility of the firm. Please verify Kung Long's Mean Deviation of 1.08, downside deviation of 1.37, and Risk Adjusted Performance of 0.0811 to check out if the risk estimate we provide is consistent with the expected return of 0.0525%. Kung Long has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0901, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kung Long are expected to decrease at a much lower rate. During the bear market, Kung Long is likely to outperform the market. Kung Long Batteries right now secures a risk of 1.55%. Please verify Kung Long Batteries semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Kung Long Batteries will be following its current price movements.
Auto-correlation | 0.78 |
Good predictability
Kung Long Batteries has good predictability. Overlapping area represents the amount of predictability between Kung Long time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Kung Long Batteries price movement. The serial correlation of 0.78 indicates that around 78.0% of current Kung Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 21.98 |
Kung Long Batteries lagged returns against current returns
Autocorrelation, which is Kung Long 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 Kung Long's stock expected returns. We can calculate the autocorrelation of Kung Long returns to help us make a trade decision. For example, suppose you find that Kung Long 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 |
Kung Long 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 Kung Long stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kung Long stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kung Long stock over time.
Current vs Lagged Prices |
| Timeline |
Kung Long Lagged Returns
When evaluating Kung Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kung Long stock have on its future price. Kung Long 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, Kung Long autocorrelation shows the relationship between Kung Long stock current value and its past values and can show if there is a momentum factor associated with investing in Kung Long Batteries.
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 Kung Stock Analysis
When running Kung Long's price analysis, check to measure Kung Long'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 Kung Long is operating at the current time. Most of Kung Long's value examination focuses on studying past and present price action to predict the probability of Kung Long's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kung Long's price. Additionally, you may evaluate how the addition of Kung Long to your portfolios can decrease your overall portfolio volatility.