Episil Holding (Taiwan) Market Value
| 3707 Stock | TWD 43.75 0.10 0.23% |
| Symbol | Episil |
Episil Holding '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 Episil Holding'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 Episil Holding.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Episil Holding on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Episil Holding or generate 0.0% return on investment in Episil Holding over 30 days. Episil Holding is related to or competes with Chipbond Technology, Phison Electronics, Greatek Electronics, Wafer Works, and Macroblock. More
Episil Holding 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 Episil Holding'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 Episil Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 18.65 | |||
| Value At Risk | (4.16) | |||
| Potential Upside | 4.2 |
Episil Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Episil Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Episil Holding's standard deviation. In reality, there are many statistical measures that can use Episil Holding historical prices to predict the future Episil Holding's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.98) |
Episil Holding Backtested Returns
Episil Holding secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14 % return per unit of risk over the last 3 months. Episil Holding exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Episil Holding's Standard Deviation of 2.89, variance of 8.36, and Mean Deviation of 1.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Episil Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Episil Holding is expected to be smaller as well. At this point, Episil Holding has a negative expected return of -0.39%. Please make sure to confirm Episil Holding's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Episil Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Episil Holding has insignificant reverse predictability. Overlapping area represents the amount of predictability between Episil Holding time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 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 Episil Holding price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Episil Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 2.29 |
Episil Holding lagged returns against current returns
Autocorrelation, which is Episil Holding 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 Episil Holding's stock expected returns. We can calculate the autocorrelation of Episil Holding returns to help us make a trade decision. For example, suppose you find that Episil Holding 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 |
Episil Holding 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 Episil Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Episil Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Episil Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Episil Holding Lagged Returns
When evaluating Episil Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Episil Holding stock have on its future price. Episil Holding 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, Episil Holding autocorrelation shows the relationship between Episil Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Episil Holding.
Regressed Prices |
| Timeline |
Pair Trading with Episil Holding
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 Episil Holding 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 Episil Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with Episil Stock
Moving against Episil Stock
| 0.86 | 3008 | LARGAN Precision | PairCorr |
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| 0.76 | 5269 | Asmedia Technology | PairCorr |
| 0.69 | 6669 | Wiwynn Corp | PairCorr |
| 0.68 | 6121 | Simplo Technology | PairCorr |
The ability to find closely correlated positions to Episil Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Episil Holding 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 Episil Holding - 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 Episil Holding to buy it.
The correlation of Episil Holding 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 Episil Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Episil Holding 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 Episil Holding 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 Episil Stock Analysis
When running Episil Holding's price analysis, check to measure Episil Holding'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 Episil Holding is operating at the current time. Most of Episil Holding's value examination focuses on studying past and present price action to predict the probability of Episil Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Episil Holding's price. Additionally, you may evaluate how the addition of Episil Holding to your portfolios can decrease your overall portfolio volatility.