Delta Electronics (Taiwan) Market Value
| 2308 Stock | TWD 381.00 3.00 0.78% |
| Symbol | Delta |
Delta Electronics '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 Delta Electronics' 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 Delta Electronics.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Delta Electronics on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Delta Electronics or generate 0.0% return on investment in Delta Electronics over 720 days. Delta Electronics is related to or competes with United Microelectronics, and Winbond Electronics. Delta Electronics, Inc. provides power and thermal management solutions in Mainland China, the United States, Taiwan, an... More
Delta Electronics 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 Delta Electronics' 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 Delta Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 2.84 |
Delta Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Electronics' standard deviation. In reality, there are many statistical measures that can use Delta Electronics historical prices to predict the future Delta Electronics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.13) |
Delta Electronics Backtested Returns
Delta Electronics secures Sharpe Ratio (or Efficiency) of -0.0181, which denotes the company had a -0.0181% return per unit of risk over the last 3 months. Delta Electronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta Electronics' Variance of 3.75, mean deviation of 1.36, and Standard Deviation of 1.94 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Delta Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Delta Electronics is expected to be smaller as well. At this point, Delta Electronics has a negative expected return of -0.0355%. Please make sure to confirm Delta Electronics' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Delta Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Delta Electronics has good predictability. Overlapping area represents the amount of predictability between Delta Electronics time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Delta Electronics price movement. The serial correlation of 0.68 indicates that around 68.0% of current Delta Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1870.41 |
Delta Electronics lagged returns against current returns
Autocorrelation, which is Delta Electronics 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 Delta Electronics' stock expected returns. We can calculate the autocorrelation of Delta Electronics returns to help us make a trade decision. For example, suppose you find that Delta Electronics 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 |
Delta Electronics 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 Delta Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Electronics Lagged Returns
When evaluating Delta Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Electronics stock have on its future price. Delta Electronics 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, Delta Electronics autocorrelation shows the relationship between Delta Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Electronics.
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 Delta Stock Analysis
When running Delta Electronics' price analysis, check to measure Delta Electronics' 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 Delta Electronics is operating at the current time. Most of Delta Electronics' value examination focuses on studying past and present price action to predict the probability of Delta Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Electronics' price. Additionally, you may evaluate how the addition of Delta Electronics to your portfolios can decrease your overall portfolio volatility.