Kworld Computer (Taiwan) Market Value
| 3287 Stock | TWD 33.40 1.20 3.47% |
| Symbol | Kworld |
Kworld Computer '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 Kworld Computer'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 Kworld Computer.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Kworld Computer on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Kworld Computer Co or generate 0.0% return on investment in Kworld Computer over 390 days. Kworld Computer is related to or competes with San Fu, Thermaltake Technology, Standard Chemical, Hi Lai, Air Asia, and Great China. More
Kworld Computer 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 Kworld Computer'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 Kworld Computer Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 2.77 |
Kworld Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kworld Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kworld Computer's standard deviation. In reality, there are many statistical measures that can use Kworld Computer historical prices to predict the future Kworld Computer's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.44) |
Kworld Computer Backtested Returns
Kworld Computer has Sharpe Ratio of -0.0584, which conveys that the firm had a -0.0584% return per unit of risk over the last 3 months. Kworld Computer exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kworld Computer's Standard Deviation of 2.16, risk adjusted performance of (0.02), and Mean Deviation of 1.58 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kworld Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kworld Computer is expected to be smaller as well. At this point, Kworld Computer has a negative expected return of -0.13%. Please make sure to verify Kworld Computer's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Kworld Computer performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Kworld Computer Co has very good reverse predictability. Overlapping area represents the amount of predictability between Kworld Computer time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Kworld Computer price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Kworld Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 25.3 |
Kworld Computer lagged returns against current returns
Autocorrelation, which is Kworld Computer 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 Kworld Computer's stock expected returns. We can calculate the autocorrelation of Kworld Computer returns to help us make a trade decision. For example, suppose you find that Kworld Computer 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 |
Kworld Computer 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 Kworld Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kworld Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kworld Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Kworld Computer Lagged Returns
When evaluating Kworld Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kworld Computer stock have on its future price. Kworld Computer 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, Kworld Computer autocorrelation shows the relationship between Kworld Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Kworld Computer Co.
Regressed Prices |
| Timeline |
Pair Trading with Kworld Computer
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 Kworld Computer 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 Kworld Computer will appreciate offsetting losses from the drop in the long position's value.Moving together with Kworld Stock
Moving against Kworld Stock
| 0.5 | 2881A | Fubon Financial Holding | PairCorr |
| 0.46 | 3224 | MetaTech AP | PairCorr |
| 0.41 | 2609 | Yang Ming Marine | PairCorr |
| 0.39 | 2882B | Cathay Financial Holding | PairCorr |
| 0.34 | 6776 | Weblink International | PairCorr |
The ability to find closely correlated positions to Kworld Computer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kworld Computer 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 Kworld Computer - 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 Kworld Computer Co to buy it.
The correlation of Kworld Computer 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 Kworld Computer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kworld Computer 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 Kworld Computer 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 Kworld Stock Analysis
When running Kworld Computer's price analysis, check to measure Kworld Computer'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 Kworld Computer is operating at the current time. Most of Kworld Computer's value examination focuses on studying past and present price action to predict the probability of Kworld Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kworld Computer's price. Additionally, you may evaluate how the addition of Kworld Computer to your portfolios can decrease your overall portfolio volatility.