Quang Viet (Taiwan) Market Value
| 4438 Stock | 98.70 0.10 0.10% |
| Symbol | Quang |
Quang Viet '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 Quang Viet'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 Quang Viet.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Quang Viet on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Quang Viet Enterprise or generate 0.0% return on investment in Quang Viet over 30 days. Quang Viet is related to or competes with Makalot Industrial, Shinkong Textile, Tex Ray, Roo Hsing, and Jinli Group. More
Quang Viet 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 Quang Viet'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 Quang Viet Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.44 |
Quang Viet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quang Viet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quang Viet's standard deviation. In reality, there are many statistical measures that can use Quang Viet historical prices to predict the future Quang Viet's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.3893 |
Quang Viet Enterprise Backtested Returns
Quang Viet Enterprise maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Quang Viet Enterprise exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quang Viet's Variance of 1.17, coefficient of variation of (1,341), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Quang Viet are expected to decrease at a much lower rate. During the bear market, Quang Viet is likely to outperform the market. At this point, Quang Viet Enterprise has a negative expected return of -0.12%. Please make sure to check Quang Viet's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Quang Viet Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Quang Viet Enterprise has average predictability. Overlapping area represents the amount of predictability between Quang Viet time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Quang Viet Enterprise price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Quang Viet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Quang Viet Enterprise lagged returns against current returns
Autocorrelation, which is Quang Viet 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 Quang Viet's stock expected returns. We can calculate the autocorrelation of Quang Viet returns to help us make a trade decision. For example, suppose you find that Quang Viet 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 |
Quang Viet 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 Quang Viet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quang Viet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quang Viet stock over time.
Current vs Lagged Prices |
| Timeline |
Quang Viet Lagged Returns
When evaluating Quang Viet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quang Viet stock have on its future price. Quang Viet 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, Quang Viet autocorrelation shows the relationship between Quang Viet stock current value and its past values and can show if there is a momentum factor associated with investing in Quang Viet Enterprise.
Regressed Prices |
| Timeline |
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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 Quang Stock Analysis
When running Quang Viet's price analysis, check to measure Quang Viet'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 Quang Viet is operating at the current time. Most of Quang Viet's value examination focuses on studying past and present price action to predict the probability of Quang Viet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quang Viet's price. Additionally, you may evaluate how the addition of Quang Viet to your portfolios can decrease your overall portfolio volatility.