Edison Opto (Taiwan) Market Value
| 3591 Stock | TWD 26.40 0.60 2.22% |
| Symbol | Edison |
Edison Opto '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 Edison Opto'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 Edison Opto.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Edison Opto on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Edison Opto Corp or generate 0.0% return on investment in Edison Opto over 180 days. Edison Opto is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Edison Opto Corporation designs, manufactures, and sells LED lighting products in Taiwan and internationally More
Edison Opto 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 Edison Opto'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 Edison Opto Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 14.21 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 5.57 |
Edison Opto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edison Opto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edison Opto's standard deviation. In reality, there are many statistical measures that can use Edison Opto historical prices to predict the future Edison Opto's volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.236 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0643 | |||
| Treynor Ratio | (0.49) |
Edison Opto Corp Backtested Returns
At this stage we consider Edison Stock to be not too volatile. Edison Opto Corp secures Sharpe Ratio (or Efficiency) of 0.0692, which denotes the company had a 0.0692% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Edison Opto Corp, which you can use to evaluate the volatility of the firm. Please confirm Edison Opto's Coefficient Of Variation of 1143.7, downside deviation of 1.7, and Mean Deviation of 1.6 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Edison Opto has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Edison Opto are expected to decrease at a much lower rate. During the bear market, Edison Opto is likely to outperform the market. Edison Opto Corp right now shows a risk of 2.47%. Please confirm Edison Opto Corp downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Edison Opto Corp will be following its price patterns.
Auto-correlation | 0.21 |
Weak predictability
Edison Opto Corp has weak predictability. Overlapping area represents the amount of predictability between Edison Opto time series from 17th of June 2024 to 15th of September 2024 and 15th of September 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 Edison Opto Corp price movement. The serial correlation of 0.21 indicates that over 21.0% of current Edison Opto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Edison Opto Corp lagged returns against current returns
Autocorrelation, which is Edison Opto 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 Edison Opto's stock expected returns. We can calculate the autocorrelation of Edison Opto returns to help us make a trade decision. For example, suppose you find that Edison Opto 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 |
Edison Opto 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 Edison Opto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edison Opto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edison Opto stock over time.
Current vs Lagged Prices |
| Timeline |
Edison Opto Lagged Returns
When evaluating Edison Opto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edison Opto stock have on its future price. Edison Opto 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, Edison Opto autocorrelation shows the relationship between Edison Opto stock current value and its past values and can show if there is a momentum factor associated with investing in Edison Opto Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Edison Stock Analysis
When running Edison Opto's price analysis, check to measure Edison Opto'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 Edison Opto is operating at the current time. Most of Edison Opto's value examination focuses on studying past and present price action to predict the probability of Edison Opto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edison Opto's price. Additionally, you may evaluate how the addition of Edison Opto to your portfolios can decrease your overall portfolio volatility.