Everlight Electronics (Taiwan) Market Value
| 2393 Stock | TWD 84.10 5.70 7.27% |
| Symbol | Everlight |
Everlight 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 Everlight 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 Everlight Electronics.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Everlight Electronics on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Everlight Electronics Co or generate 0.0% return on investment in Everlight Electronics over 90 days. Everlight Electronics is related to or competes with Lite On, AU Optronics, Compal Electronics, Catcher Technology, and Optotech Corp. Everlight Electronics Co., Ltd. provides LEDs, lamps, lighting components, LED lighting modules, opto-couplers, and infr... More
Everlight 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 Everlight 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 Everlight Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0723 | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.51 |
Everlight Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everlight Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everlight Electronics' standard deviation. In reality, there are many statistical measures that can use Everlight Electronics historical prices to predict the future Everlight Electronics' volatility.| Risk Adjusted Performance | 0.0272 | |||
| Jensen Alpha | 0.0348 | |||
| Total Risk Alpha | 0.3006 | |||
| Sortino Ratio | 0.0849 | |||
| Treynor Ratio | (0.73) |
Everlight Electronics Backtested Returns
At this stage we consider Everlight Stock to be very steady. Everlight Electronics secures Sharpe Ratio (or Efficiency) of 0.0246, which denotes the company had a 0.0246 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Everlight Electronics Co, which you can use to evaluate the volatility of the firm. Please confirm Everlight Electronics' Coefficient Of Variation of 4072.61, downside deviation of 1.77, and Mean Deviation of 1.54 to check if the risk estimate we provide is consistent with the expected return of 0.0509%. Everlight Electronics has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0559, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Everlight Electronics are expected to decrease at a much lower rate. During the bear market, Everlight Electronics is likely to outperform the market. Everlight Electronics right now shows a risk of 2.07%. Please confirm Everlight Electronics semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Everlight Electronics will be following its price patterns.
Auto-correlation | -0.52 |
Good reverse predictability
Everlight Electronics Co has good reverse predictability. Overlapping area represents the amount of predictability between Everlight Electronics time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Everlight Electronics price movement. The serial correlation of -0.52 indicates that about 52.0% of current Everlight Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 8.6 |
Everlight Electronics lagged returns against current returns
Autocorrelation, which is Everlight 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 Everlight Electronics' stock expected returns. We can calculate the autocorrelation of Everlight Electronics returns to help us make a trade decision. For example, suppose you find that Everlight 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 |
Everlight 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 Everlight Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everlight Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everlight Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Everlight Electronics Lagged Returns
When evaluating Everlight Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everlight Electronics stock have on its future price. Everlight 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, Everlight Electronics autocorrelation shows the relationship between Everlight Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Everlight Electronics Co.
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 Everlight Stock Analysis
When running Everlight Electronics' price analysis, check to measure Everlight 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 Everlight Electronics is operating at the current time. Most of Everlight Electronics' value examination focuses on studying past and present price action to predict the probability of Everlight Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everlight Electronics' price. Additionally, you may evaluate how the addition of Everlight Electronics to your portfolios can decrease your overall portfolio volatility.