Cub Elecparts (Taiwan) Market Value
| 2231 Stock | TWD 87.60 0.60 0.68% |
| Symbol | Cub |
Cub Elecparts '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 Cub Elecparts' 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 Cub Elecparts.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Cub Elecparts on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Cub Elecparts or generate 0.0% return on investment in Cub Elecparts over 90 days. Cub Elecparts is related to or competes with Hota Industrial, Eclat Textile, Makalot Industrial, King Slide, and Grape King. Cub Elecparts Inc. manufactures and supplies automobile electrical and electronic parts in Taiwan, China, the United Sta... More
Cub Elecparts 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 Cub Elecparts' 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 Cub Elecparts upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.82 | |||
| Value At Risk | (5.07) | |||
| Potential Upside | 1.85 |
Cub Elecparts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cub Elecparts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cub Elecparts' standard deviation. In reality, there are many statistical measures that can use Cub Elecparts historical prices to predict the future Cub Elecparts' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | 0.1132 | |||
| Treynor Ratio | 0.8442 |
Cub Elecparts Backtested Returns
Cub Elecparts secures Sharpe Ratio (or Efficiency) of -0.0982, which signifies that the company had a -0.0982 % return per unit of standard deviation over the last 3 months. Cub Elecparts exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cub Elecparts' risk adjusted performance of (0.08), and Mean Deviation of 1.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cub Elecparts are expected to decrease at a much lower rate. During the bear market, Cub Elecparts is likely to outperform the market. At this point, Cub Elecparts has a negative expected return of -0.22%. Please make sure to confirm Cub Elecparts' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Cub Elecparts performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Cub Elecparts has average predictability. Overlapping area represents the amount of predictability between Cub Elecparts time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 Cub Elecparts price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Cub Elecparts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 17.68 |
Cub Elecparts lagged returns against current returns
Autocorrelation, which is Cub Elecparts 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 Cub Elecparts' stock expected returns. We can calculate the autocorrelation of Cub Elecparts returns to help us make a trade decision. For example, suppose you find that Cub Elecparts 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 |
Cub Elecparts 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 Cub Elecparts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cub Elecparts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cub Elecparts stock over time.
Current vs Lagged Prices |
| Timeline |
Cub Elecparts Lagged Returns
When evaluating Cub Elecparts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cub Elecparts stock have on its future price. Cub Elecparts 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, Cub Elecparts autocorrelation shows the relationship between Cub Elecparts stock current value and its past values and can show if there is a momentum factor associated with investing in Cub Elecparts.
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 Cub Stock Analysis
When running Cub Elecparts' price analysis, check to measure Cub Elecparts' 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 Cub Elecparts is operating at the current time. Most of Cub Elecparts' value examination focuses on studying past and present price action to predict the probability of Cub Elecparts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cub Elecparts' price. Additionally, you may evaluate how the addition of Cub Elecparts to your portfolios can decrease your overall portfolio volatility.