KYE Systems (Taiwan) Market Value
| 2365 Stock | TWD 40.65 1.55 3.67% |
| Symbol | KYE |
KYE Systems '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 KYE Systems' 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 KYE Systems.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in KYE Systems on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding KYE Systems Corp or generate 0.0% return on investment in KYE Systems over 180 days. KYE Systems is related to or competes with Avision, Ability Enterprise, Clevo, Silicon Integrated, and Ichia Technologies. KYE Systems Corp. provides computer and mobile device peripherals worldwide More
KYE Systems 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 KYE Systems' 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 KYE Systems Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.38 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.07 |
KYE Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KYE Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KYE Systems' standard deviation. In reality, there are many statistical measures that can use KYE Systems historical prices to predict the future KYE Systems' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (10.02) |
KYE Systems Corp Backtested Returns
KYE Systems Corp has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last 3 months. KYE Systems exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KYE Systems' mean deviation of 1.85, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0463, which conveys not very significant fluctuations relative to the market. As returns on the market increase, KYE Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding KYE Systems is expected to be smaller as well. At this point, KYE Systems Corp has a negative expected return of -0.48%. Please make sure to verify KYE Systems' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if KYE Systems Corp performance from the past will be repeated at future time.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
KYE Systems Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between KYE Systems time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 KYE Systems Corp price movement. The serial correlation of -0.76 indicates that around 76.0% of current KYE Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 18.51 |
KYE Systems Corp lagged returns against current returns
Autocorrelation, which is KYE Systems 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 KYE Systems' stock expected returns. We can calculate the autocorrelation of KYE Systems returns to help us make a trade decision. For example, suppose you find that KYE Systems 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 |
KYE Systems 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 KYE Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KYE Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KYE Systems stock over time.
Current vs Lagged Prices |
| Timeline |
KYE Systems Lagged Returns
When evaluating KYE Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KYE Systems stock have on its future price. KYE Systems 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, KYE Systems autocorrelation shows the relationship between KYE Systems stock current value and its past values and can show if there is a momentum factor associated with investing in KYE Systems 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.Additional Tools for KYE Stock Analysis
When running KYE Systems' price analysis, check to measure KYE Systems' 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 KYE Systems is operating at the current time. Most of KYE Systems' value examination focuses on studying past and present price action to predict the probability of KYE Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KYE Systems' price. Additionally, you may evaluate how the addition of KYE Systems to your portfolios can decrease your overall portfolio volatility.