Cayman Engley (Taiwan) Market Value
| 2239 Stock | TWD 35.45 0.85 2.34% |
| Symbol | Cayman |
Cayman Engley '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 Cayman Engley'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 Cayman Engley.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Cayman Engley on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cayman Engley Industrial or generate 0.0% return on investment in Cayman Engley over 60 days. Cayman Engley is related to or competes with Merida Industry, Cheng Shin, Uni President, and Pou Chen. Cayman Engley Industrial Co., Ltd. produces and sells automobile parts in China and internationally More
Cayman Engley 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 Cayman Engley'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 Cayman Engley Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 15.06 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 1.55 |
Cayman Engley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cayman Engley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cayman Engley's standard deviation. In reality, there are many statistical measures that can use Cayman Engley historical prices to predict the future Cayman Engley's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (2.64) |
Cayman Engley Industrial Backtested Returns
Cayman Engley Industrial secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Cayman Engley Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cayman Engley's Risk Adjusted Performance of (0.10), standard deviation of 2.08, and Mean Deviation of 1.26 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cayman Engley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cayman Engley is expected to be smaller as well. At this point, Cayman Engley Industrial has a negative expected return of -0.27%. Please make sure to confirm Cayman Engley's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Cayman Engley Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Cayman Engley Industrial has excellent predictability. Overlapping area represents the amount of predictability between Cayman Engley time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Cayman Engley Industrial price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Cayman Engley price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.82 |
Cayman Engley Industrial lagged returns against current returns
Autocorrelation, which is Cayman Engley 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 Cayman Engley's stock expected returns. We can calculate the autocorrelation of Cayman Engley returns to help us make a trade decision. For example, suppose you find that Cayman Engley 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 |
Cayman Engley 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 Cayman Engley stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cayman Engley stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cayman Engley stock over time.
Current vs Lagged Prices |
| Timeline |
Cayman Engley Lagged Returns
When evaluating Cayman Engley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cayman Engley stock have on its future price. Cayman Engley 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, Cayman Engley autocorrelation shows the relationship between Cayman Engley stock current value and its past values and can show if there is a momentum factor associated with investing in Cayman Engley Industrial.
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 Cayman Stock Analysis
When running Cayman Engley's price analysis, check to measure Cayman Engley'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 Cayman Engley is operating at the current time. Most of Cayman Engley's value examination focuses on studying past and present price action to predict the probability of Cayman Engley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cayman Engley's price. Additionally, you may evaluate how the addition of Cayman Engley to your portfolios can decrease your overall portfolio volatility.