LARGAN Precision (Taiwan) Market Value
| 3008 Stock | TWD 2,465 10.00 0.40% |
| Symbol | LARGAN |
LARGAN Precision '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 LARGAN Precision'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 LARGAN Precision.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in LARGAN Precision on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding LARGAN Precision Co or generate 0.0% return on investment in LARGAN Precision over 90 days. LARGAN Precision is related to or competes with MediaTek, Hon Hai, Delta Electronics, Catcher Technology, and Novatek Microelectronics. ,Ltd, together with its subsidiary, designs, manufactures, and sells lens for perspective mirror, camera, single and dou... More
LARGAN Precision 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 LARGAN Precision'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 LARGAN Precision Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0531 | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.91 |
LARGAN Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LARGAN Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LARGAN Precision's standard deviation. In reality, there are many statistical measures that can use LARGAN Precision historical prices to predict the future LARGAN Precision's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | 0.0272 | |||
| Total Risk Alpha | 0.2179 | |||
| Treynor Ratio | (0.03) |
LARGAN Precision Backtested Returns
LARGAN Precision has Sharpe Ratio of -0.0336, which conveys that the company had a -0.0336 % return per unit of volatility over the last 3 months. LARGAN Precision exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LARGAN Precision's Mean Deviation of 1.31, market risk adjusted performance of (0.02), and Standard Deviation of 1.83 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LARGAN Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding LARGAN Precision is expected to be smaller as well. At this point, LARGAN Precision has a negative expected return of -0.0647%. Please make sure to verify LARGAN Precision's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if LARGAN Precision performance from the past will be repeated in the future.
Auto-correlation | -0.69 |
Very good reverse predictability
LARGAN Precision Co has very good reverse predictability. Overlapping area represents the amount of predictability between LARGAN Precision time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 LARGAN Precision price movement. The serial correlation of -0.69 indicates that around 69.0% of current LARGAN Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2210.69 |
LARGAN Precision lagged returns against current returns
Autocorrelation, which is LARGAN Precision 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 LARGAN Precision's stock expected returns. We can calculate the autocorrelation of LARGAN Precision returns to help us make a trade decision. For example, suppose you find that LARGAN Precision 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 |
LARGAN Precision 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 LARGAN Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LARGAN Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LARGAN Precision stock over time.
Current vs Lagged Prices |
| Timeline |
LARGAN Precision Lagged Returns
When evaluating LARGAN Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LARGAN Precision stock have on its future price. LARGAN Precision 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, LARGAN Precision autocorrelation shows the relationship between LARGAN Precision stock current value and its past values and can show if there is a momentum factor associated with investing in LARGAN Precision 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 LARGAN Stock Analysis
When running LARGAN Precision's price analysis, check to measure LARGAN Precision'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 LARGAN Precision is operating at the current time. Most of LARGAN Precision's value examination focuses on studying past and present price action to predict the probability of LARGAN Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LARGAN Precision's price. Additionally, you may evaluate how the addition of LARGAN Precision to your portfolios can decrease your overall portfolio volatility.