Global Lighting (Taiwan) Market Value
| 4935 Stock | TWD 62.80 1.20 1.88% |
| Symbol | Global |
Global Lighting '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 Global Lighting'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 Global Lighting.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Global Lighting on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Global Lighting Technologies or generate 0.0% return on investment in Global Lighting over 180 days. Global Lighting is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Global Lighting Technologies Inc. engineers and manufactures custom light guides for companies worldwide More
Global Lighting 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 Global Lighting'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 Global Lighting Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.25 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.43 |
Global Lighting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Lighting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Lighting's standard deviation. In reality, there are many statistical measures that can use Global Lighting historical prices to predict the future Global Lighting's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 1.49 |
Global Lighting Tech Backtested Returns
Global Lighting Tech holds Efficiency (Sharpe) Ratio of -0.0862, which attests that the entity had a -0.0862% return per unit of risk over the last 3 months. Global Lighting Tech exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Lighting's Risk Adjusted Performance of (0.08), standard deviation of 1.87, and Market Risk Adjusted Performance of 1.5 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Lighting are expected to decrease at a much lower rate. During the bear market, Global Lighting is likely to outperform the market. At this point, Global Lighting Tech has a negative expected return of -0.16%. Please make sure to check out Global Lighting's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Global Lighting Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Global Lighting Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Global Lighting time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Global Lighting Tech price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Global Lighting price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 23.67 |
Global Lighting Tech lagged returns against current returns
Autocorrelation, which is Global Lighting 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 Global Lighting's stock expected returns. We can calculate the autocorrelation of Global Lighting returns to help us make a trade decision. For example, suppose you find that Global Lighting 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 |
Global Lighting 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 Global Lighting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Lighting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Lighting stock over time.
Current vs Lagged Prices |
| Timeline |
Global Lighting Lagged Returns
When evaluating Global Lighting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Lighting stock have on its future price. Global Lighting 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, Global Lighting autocorrelation shows the relationship between Global Lighting stock current value and its past values and can show if there is a momentum factor associated with investing in Global Lighting Technologies.
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 Global Stock Analysis
When running Global Lighting's price analysis, check to measure Global Lighting'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 Global Lighting is operating at the current time. Most of Global Lighting's value examination focuses on studying past and present price action to predict the probability of Global Lighting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Lighting's price. Additionally, you may evaluate how the addition of Global Lighting to your portfolios can decrease your overall portfolio volatility.