Compal Electronics (Taiwan) Market Value
| 2324 Stock | TWD 37.00 0.60 1.60% |
| Symbol | Compal |
Compal 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 Compal 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 Compal Electronics.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Compal Electronics on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Compal Electronics or generate 0.0% return on investment in Compal Electronics over 180 days. Compal Electronics is related to or competes with Quanta Computer, Inventec Corp, Asustek Computer, Acer, and United Microelectronics. Compal Electronics, Inc. manufacturers and sells notebook PCs, LCD products, smart devices, and data center equipment wo... More
Compal 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 Compal 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 Compal Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0338 | |||
| Maximum Drawdown | 7.12 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.82 |
Compal Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compal Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compal Electronics' standard deviation. In reality, there are many statistical measures that can use Compal Electronics historical prices to predict the future Compal Electronics' volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.1461 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.04 | |||
| Treynor Ratio | 1.07 |
Compal Electronics Backtested Returns
At this stage we consider Compal Stock to be very steady. Compal Electronics secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Compal Electronics, which you can use to evaluate the volatility of the firm. Please confirm Compal Electronics' Downside Deviation of 1.21, risk adjusted performance of 0.0977, and Mean Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Compal Electronics has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Compal Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Compal Electronics is expected to be smaller as well. Compal Electronics right now shows a risk of 1.47%. Please confirm Compal Electronics semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Compal Electronics will be following its price patterns.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Compal Electronics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Compal Electronics time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Compal Electronics price movement. The serial correlation of -0.8 indicates that around 80.0% of current Compal Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 3.08 |
Compal Electronics lagged returns against current returns
Autocorrelation, which is Compal 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 Compal Electronics' stock expected returns. We can calculate the autocorrelation of Compal Electronics returns to help us make a trade decision. For example, suppose you find that Compal 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 |
Compal 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 Compal Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compal Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compal Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Compal Electronics Lagged Returns
When evaluating Compal Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compal Electronics stock have on its future price. Compal 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, Compal Electronics autocorrelation shows the relationship between Compal Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Compal 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 Compal Stock Analysis
When running Compal Electronics' price analysis, check to measure Compal 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 Compal Electronics is operating at the current time. Most of Compal Electronics' value examination focuses on studying past and present price action to predict the probability of Compal Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compal Electronics' price. Additionally, you may evaluate how the addition of Compal Electronics to your portfolios can decrease your overall portfolio volatility.