Enlight Corp (Taiwan) Market Value
| 2438 Stock | TWD 39.20 1.55 3.80% |
| Symbol | Enlight |
Enlight Corp '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 Enlight Corp'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 Enlight Corp.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Enlight Corp on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Enlight Corp or generate 0.0% return on investment in Enlight Corp over 360 days. Enlight Corp is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Innolux Corp, Nan Ya, and Chunghwa Telecom. Enlight Corporation develops, produces, and sells LED lightning products in Taiwan More
Enlight Corp 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 Enlight Corp'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 Enlight Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 15.61 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 5.82 |
Enlight Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enlight Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enlight Corp's standard deviation. In reality, there are many statistical measures that can use Enlight Corp historical prices to predict the future Enlight Corp's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | (0.52) |
Enlight Corp Backtested Returns
Enlight Corp secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Enlight Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enlight Corp's Variance of 12.27, mean deviation of 2.5, and Standard Deviation of 3.5 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.23, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Enlight Corp will likely underperform. At this point, Enlight Corp has a negative expected return of -0.57%. Please make sure to confirm Enlight Corp's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Enlight Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Enlight Corp has insignificant predictability. Overlapping area represents the amount of predictability between Enlight Corp time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Enlight Corp price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Enlight Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 140.17 |
Enlight Corp lagged returns against current returns
Autocorrelation, which is Enlight Corp 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 Enlight Corp's stock expected returns. We can calculate the autocorrelation of Enlight Corp returns to help us make a trade decision. For example, suppose you find that Enlight Corp 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 |
Enlight Corp 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 Enlight Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enlight Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enlight Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Enlight Corp Lagged Returns
When evaluating Enlight Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enlight Corp stock have on its future price. Enlight Corp 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, Enlight Corp autocorrelation shows the relationship between Enlight Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Enlight 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 Enlight Stock Analysis
When running Enlight Corp's price analysis, check to measure Enlight Corp'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 Enlight Corp is operating at the current time. Most of Enlight Corp's value examination focuses on studying past and present price action to predict the probability of Enlight Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Corp's price. Additionally, you may evaluate how the addition of Enlight Corp to your portfolios can decrease your overall portfolio volatility.