LandMark Optoelectronics (Taiwan) Market Value
| 3081 Stock | TWD 354.00 1.50 0.42% |
| Symbol | LandMark |
LandMark Optoelectronics '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 LandMark Optoelectronics' 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 LandMark Optoelectronics.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in LandMark Optoelectronics on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding LandMark Optoelectronics or generate 0.0% return on investment in LandMark Optoelectronics over 360 days. LandMark Optoelectronics is related to or competes with Sino American, Elan Microelectronics, Greatek Electronics, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. LandMark Optoelectronics Corporation produces and supplies gallium arsenide and indium phosphide based epitaxial wafers ... More
LandMark Optoelectronics 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 LandMark Optoelectronics' 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 LandMark Optoelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.33 | |||
| Information Ratio | 0.1687 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (9.76) | |||
| Potential Upside | 9.79 |
LandMark Optoelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LandMark Optoelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LandMark Optoelectronics' standard deviation. In reality, there are many statistical measures that can use LandMark Optoelectronics historical prices to predict the future LandMark Optoelectronics' volatility.| Risk Adjusted Performance | 0.1493 | |||
| Jensen Alpha | 0.7852 | |||
| Total Risk Alpha | 0.1628 | |||
| Sortino Ratio | 0.1499 | |||
| Treynor Ratio | 0.8148 |
LandMark Optoelectronics Backtested Returns
LandMark Optoelectronics appears to be very steady, given 3 months investment horizon. LandMark Optoelectronics has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing LandMark Optoelectronics' technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please exercise LandMark Optoelectronics' Downside Deviation of 5.33, risk adjusted performance of 0.1493, and Mean Deviation of 3.47 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LandMark Optoelectronics holds a performance score of 16. The company secures a Beta (Market Risk) of 1.12, which conveys a somewhat significant risk relative to the market. LandMark Optoelectronics returns are very sensitive to returns on the market. As the market goes up or down, LandMark Optoelectronics is expected to follow. Please check LandMark Optoelectronics' downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether LandMark Optoelectronics' current price movements will revert.
Auto-correlation | 0.19 |
Very weak predictability
LandMark Optoelectronics has very weak predictability. Overlapping area represents the amount of predictability between LandMark Optoelectronics time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 LandMark Optoelectronics price movement. The serial correlation of 0.19 indicates that over 19.0% of current LandMark Optoelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 9049.86 |
LandMark Optoelectronics lagged returns against current returns
Autocorrelation, which is LandMark Optoelectronics 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 LandMark Optoelectronics' stock expected returns. We can calculate the autocorrelation of LandMark Optoelectronics returns to help us make a trade decision. For example, suppose you find that LandMark Optoelectronics 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 |
LandMark Optoelectronics 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 LandMark Optoelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LandMark Optoelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LandMark Optoelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
LandMark Optoelectronics Lagged Returns
When evaluating LandMark Optoelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LandMark Optoelectronics stock have on its future price. LandMark Optoelectronics 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, LandMark Optoelectronics autocorrelation shows the relationship between LandMark Optoelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in LandMark Optoelectronics.
Regressed Prices |
| Timeline |
Pair Trading with LandMark Optoelectronics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if LandMark Optoelectronics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LandMark Optoelectronics will appreciate offsetting losses from the drop in the long position's value.Moving against LandMark Stock
| 0.84 | 5483 | Sino American Silicon | PairCorr |
| 0.72 | 3264 | Ardentec | PairCorr |
| 0.62 | 6291 | Analog Integrations | PairCorr |
| 0.61 | 6239 | Powertech Technology | PairCorr |
| 0.52 | 3532 | Formosa Sumco Technology | PairCorr |
The ability to find closely correlated positions to LandMark Optoelectronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LandMark Optoelectronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LandMark Optoelectronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LandMark Optoelectronics to buy it.
The correlation of LandMark Optoelectronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LandMark Optoelectronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LandMark Optoelectronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for LandMark Optoelectronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for LandMark Stock Analysis
When running LandMark Optoelectronics' price analysis, check to measure LandMark Optoelectronics' 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 LandMark Optoelectronics is operating at the current time. Most of LandMark Optoelectronics' value examination focuses on studying past and present price action to predict the probability of LandMark Optoelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LandMark Optoelectronics' price. Additionally, you may evaluate how the addition of LandMark Optoelectronics to your portfolios can decrease your overall portfolio volatility.