E Lead (Taiwan) Market Value
| 2497 Stock | TWD 58.90 1.00 1.73% |
| Symbol | 2497 |
E Lead '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 E Lead'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 E Lead.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in E Lead on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding E Lead Electronic Co or generate 0.0% return on investment in E Lead over 90 days. E Lead is related to or competes with Weltrend Semiconductor, Catcher Technology, Cub Elecparts, Elan Microelectronics, and Pan Jit. E-Lead Electronic Co., Ltd. designs and manufactures multi-media and communication products in Taiwan More
E Lead 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 E Lead'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 E Lead Electronic Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.61 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.49 |
E Lead Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E Lead's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E Lead's standard deviation. In reality, there are many statistical measures that can use E Lead historical prices to predict the future E Lead's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.0576 | |||
| Treynor Ratio | (0.56) |
E Lead Electronic Backtested Returns
E Lead Electronic secures Sharpe Ratio (or Efficiency) of -0.0158, which denotes the company had a -0.0158 % return per unit of risk over the last 3 months. E Lead Electronic Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm E Lead's Coefficient Of Variation of (1,258), mean deviation of 1.1, and Standard Deviation of 1.48 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, E Lead's returns are expected to increase less than the market. However, during the bear market, the loss of holding E Lead is expected to be smaller as well. At this point, E Lead Electronic has a negative expected return of -0.0243%. Please make sure to confirm E Lead's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if E Lead Electronic performance from the past will be repeated sooner or later.
Auto-correlation | 0.15 |
Insignificant predictability
E Lead Electronic Co has insignificant predictability. Overlapping area represents the amount of predictability between E Lead time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 E Lead Electronic price movement. The serial correlation of 0.15 indicates that less than 15.0% of current E Lead price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3.24 |
E Lead Electronic lagged returns against current returns
Autocorrelation, which is E Lead 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 E Lead's stock expected returns. We can calculate the autocorrelation of E Lead returns to help us make a trade decision. For example, suppose you find that E Lead 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 |
E Lead 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 E Lead stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E Lead stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E Lead stock over time.
Current vs Lagged Prices |
| Timeline |
E Lead Lagged Returns
When evaluating E Lead's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E Lead stock have on its future price. E Lead 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, E Lead autocorrelation shows the relationship between E Lead stock current value and its past values and can show if there is a momentum factor associated with investing in E Lead Electronic 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 2497 Stock Analysis
When running E Lead's price analysis, check to measure E Lead'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 E Lead is operating at the current time. Most of E Lead's value examination focuses on studying past and present price action to predict the probability of E Lead's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E Lead's price. Additionally, you may evaluate how the addition of E Lead to your portfolios can decrease your overall portfolio volatility.