Visual Photonics (Taiwan) Market Value
| 2455 Stock | TWD 162.50 3.00 1.81% |
| Symbol | Visual |
Visual Photonics '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 Visual Photonics' 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 Visual Photonics.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Visual Photonics on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Visual Photonics Epitaxy or generate 0.0% return on investment in Visual Photonics over 90 days. Visual Photonics is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Visual Photonics Epitaxy Co., Ltd. provides solutions for wireless communications, optical fiber communications, and sol... More
Visual Photonics 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 Visual Photonics' 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 Visual Photonics Epitaxy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 15.67 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 6.19 |
Visual Photonics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Visual Photonics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Visual Photonics' standard deviation. In reality, there are many statistical measures that can use Visual Photonics historical prices to predict the future Visual Photonics' volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.1523 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0405 | |||
| Treynor Ratio | 0.3207 |
Visual Photonics Epitaxy Backtested Returns
Visual Photonics appears to be very steady, given 3 months investment horizon. Visual Photonics Epitaxy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Visual Photonics Epitaxy, which you can use to evaluate the volatility of the company. Please review Visual Photonics' Semi Deviation of 2.74, risk adjusted performance of 0.0619, and Coefficient Of Variation of 1336.48 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Visual Photonics holds a performance score of 7. The entity has a beta of 0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Visual Photonics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Visual Photonics is expected to be smaller as well. Please check Visual Photonics' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Visual Photonics' existing price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Visual Photonics Epitaxy has below average predictability. Overlapping area represents the amount of predictability between Visual Photonics time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Visual Photonics Epitaxy price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Visual Photonics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 126.61 |
Visual Photonics Epitaxy lagged returns against current returns
Autocorrelation, which is Visual Photonics 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 Visual Photonics' stock expected returns. We can calculate the autocorrelation of Visual Photonics returns to help us make a trade decision. For example, suppose you find that Visual Photonics 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 |
Visual Photonics 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 Visual Photonics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Visual Photonics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Visual Photonics stock over time.
Current vs Lagged Prices |
| Timeline |
Visual Photonics Lagged Returns
When evaluating Visual Photonics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Visual Photonics stock have on its future price. Visual Photonics 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, Visual Photonics autocorrelation shows the relationship between Visual Photonics stock current value and its past values and can show if there is a momentum factor associated with investing in Visual Photonics Epitaxy.
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 Visual Stock Analysis
When running Visual Photonics' price analysis, check to measure Visual Photonics' 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 Visual Photonics is operating at the current time. Most of Visual Photonics' value examination focuses on studying past and present price action to predict the probability of Visual Photonics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Visual Photonics' price. Additionally, you may evaluate how the addition of Visual Photonics to your portfolios can decrease your overall portfolio volatility.