Khgears International (Taiwan) Market Value
| 4571 Stock | TWD 252.00 6.50 2.65% |
| Symbol | Khgears |
Khgears International '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 Khgears International'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 Khgears International.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Khgears International on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Khgears International Limited or generate 0.0% return on investment in Khgears International over 30 days. Khgears International is related to or competes with Hiwin Mikrosystem, Ruentex Development, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Advanced Ceramic. Khgears International Limited researches, develops, manufactures, and sells gears and gearboxes in Asia, the United Stat... More
Khgears International 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 Khgears International'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 Khgears International Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.1059 | |||
| Maximum Drawdown | 18.22 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 8.38 |
Khgears International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Khgears International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Khgears International's standard deviation. In reality, there are many statistical measures that can use Khgears International historical prices to predict the future Khgears International's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 0.427 | |||
| Total Risk Alpha | 0.3294 | |||
| Sortino Ratio | 0.1075 | |||
| Treynor Ratio | 0.7607 |
Khgears International Backtested Returns
Khgears International appears to be very steady, given 3 months investment horizon. Khgears International has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Khgears International's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Khgears International's Risk Adjusted Performance of 0.0983, downside deviation of 3.88, and Mean Deviation of 2.85 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Khgears International holds a performance score of 13. The company secures a Beta (Market Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Khgears International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Khgears International is expected to be smaller as well. Please check Khgears International's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Khgears International's current price movements will revert.
Auto-correlation | 0.50 |
Modest predictability
Khgears International Limited has modest predictability. Overlapping area represents the amount of predictability between Khgears International time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Khgears International price movement. The serial correlation of 0.5 indicates that about 50.0% of current Khgears International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 721.59 |
Khgears International lagged returns against current returns
Autocorrelation, which is Khgears International 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 Khgears International's stock expected returns. We can calculate the autocorrelation of Khgears International returns to help us make a trade decision. For example, suppose you find that Khgears International 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 |
Khgears International 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 Khgears International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Khgears International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Khgears International stock over time.
Current vs Lagged Prices |
| Timeline |
Khgears International Lagged Returns
When evaluating Khgears International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Khgears International stock have on its future price. Khgears International 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, Khgears International autocorrelation shows the relationship between Khgears International stock current value and its past values and can show if there is a momentum factor associated with investing in Khgears International Limited.
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 Khgears Stock Analysis
When running Khgears International's price analysis, check to measure Khgears International'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 Khgears International is operating at the current time. Most of Khgears International's value examination focuses on studying past and present price action to predict the probability of Khgears International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Khgears International's price. Additionally, you may evaluate how the addition of Khgears International to your portfolios can decrease your overall portfolio volatility.