Lite On's market value is the price at which a share of Lite On trades on a public exchange. It measures the collective expectations of Lite On Technology Corp investors about its performance. Lite On is selling for under 104.00 as of the 6th of December 2024; that is 0.48% down since the beginning of the trading day. The stock's lowest day price was 103.5. With this module, you can estimate the performance of a buy and hold strategy of Lite On Technology Corp and determine expected loss or profit from investing in Lite On over a given investment horizon. Check out Lite On Correlation, Lite On Volatility and Lite On Alpha and Beta module to complement your research on Lite On.
Please note, there is a significant difference between Lite On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lite On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lite On's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Lite On '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 Lite On'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 Lite On.
0.00
09/07/2024
No Change 0.00
0.0
In 2 months and 31 days
12/06/2024
0.00
If you would invest 0.00 in Lite On on September 7, 2024 and sell it all today you would earn a total of 0.00 from holding Lite On Technology Corp or generate 0.0% return on investment in Lite On over 90 days. Lite On is related to or competes with Compal Electronics, Delta Electronics, Quanta Computer, Inventec Corp, and Synnex Technology. Lite-On Technology Corporation manufactures and markets computer software, hardware, peripherals, and components in Asia... More
Lite On 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 Lite On'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 Lite On Technology Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lite On's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lite On's standard deviation. In reality, there are many statistical measures that can use Lite On historical prices to predict the future Lite On's volatility.
At this stage we consider Lite Stock to be very steady. Lite On Technology has Sharpe Ratio of 0.0322, which conveys that the firm had a 0.0322% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Lite On, which you can use to evaluate the volatility of the firm. Please verify Lite On's Standard Deviation of 1.68, mean deviation of 1.21, and insignificant Risk Adjusted Performance to check out if the risk estimate we provide is consistent with the expected return of 0.0522%. Lite On has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lite On's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lite On is expected to be smaller as well. Lite On Technology right now secures a risk of 1.62%. Please verify Lite On Technology Corp total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Lite On Technology Corp will be following its current price movements.
Auto-correlation
0.24
Weak predictability
Lite On Technology Corp has weak predictability. Overlapping area represents the amount of predictability between Lite On time series from 7th of September 2024 to 22nd of October 2024 and 22nd of October 2024 to 6th 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 Lite On Technology price movement. The serial correlation of 0.24 indicates that over 24.0% of current Lite On price fluctuation can be explain by its past prices.
Correlation Coefficient
0.24
Spearman Rank Test
0.37
Residual Average
0.0
Price Variance
3.82
Lite On Technology lagged returns against current returns
Autocorrelation, which is Lite On 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 Lite On's stock expected returns. We can calculate the autocorrelation of Lite On returns to help us make a trade decision. For example, suppose you find that Lite On 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
Lite On 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 Lite On stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lite On stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lite On stock over time.
Current vs Lagged Prices
Timeline
Lite On Lagged Returns
When evaluating Lite On's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lite On stock have on its future price. Lite On 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, Lite On autocorrelation shows the relationship between Lite On stock current value and its past values and can show if there is a momentum factor associated with investing in Lite On Technology Corp.
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.
When running Lite On's price analysis, check to measure Lite On'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 Lite On is operating at the current time. Most of Lite On's value examination focuses on studying past and present price action to predict the probability of Lite On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lite On's price. Additionally, you may evaluate how the addition of Lite On to your portfolios can decrease your overall portfolio volatility.