Jentech Precision (Taiwan) Market Value
| 3653 Stock | TWD 1,510 15.00 0.98% |
| Symbol | Jentech |
Jentech 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 Jentech 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 Jentech Precision.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Jentech Precision on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Jentech Precision Industrial or generate 0.0% return on investment in Jentech Precision over 30 days. Jentech Precision is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Jentech Precision Industrial Co., Ltd. manufactures and sells precision molds worldwide More
Jentech 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 Jentech 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 Jentech Precision Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0771 | |||
| Maximum Drawdown | 13.33 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.27 |
Jentech Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jentech Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jentech Precision's standard deviation. In reality, there are many statistical measures that can use Jentech Precision historical prices to predict the future Jentech Precision's volatility.| Risk Adjusted Performance | 0.0946 | |||
| Jensen Alpha | 0.3024 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0765 | |||
| Treynor Ratio | 1.16 |
Jentech Precision Backtested Returns
Jentech Precision appears to be very steady, given 3 months investment horizon. Jentech Precision holds Efficiency (Sharpe) Ratio of 0.0996, which attests that the entity had a 0.0996% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Jentech Precision, which you can use to evaluate the volatility of the firm. Please utilize Jentech Precision's Risk Adjusted Performance of 0.0946, market risk adjusted performance of 1.17, and Downside Deviation of 2.89 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jentech Precision holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jentech Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jentech Precision is expected to be smaller as well. Please check Jentech Precision's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Jentech Precision's current trending patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Jentech Precision Industrial has very good reverse predictability. Overlapping area represents the amount of predictability between Jentech Precision time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Jentech Precision price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Jentech Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 6283.47 |
Jentech Precision lagged returns against current returns
Autocorrelation, which is Jentech 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 Jentech Precision's stock expected returns. We can calculate the autocorrelation of Jentech Precision returns to help us make a trade decision. For example, suppose you find that Jentech 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 |
Jentech 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 Jentech Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jentech Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jentech Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Jentech Precision Lagged Returns
When evaluating Jentech Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jentech Precision stock have on its future price. Jentech 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, Jentech Precision autocorrelation shows the relationship between Jentech Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Jentech Precision Industrial.
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 Jentech Stock Analysis
When running Jentech Precision's price analysis, check to measure Jentech 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 Jentech Precision is operating at the current time. Most of Jentech Precision's value examination focuses on studying past and present price action to predict the probability of Jentech 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 Jentech Precision's price. Additionally, you may evaluate how the addition of Jentech Precision to your portfolios can decrease your overall portfolio volatility.