Concraft Holding (Taiwan) Market Value
| 4943 Stock | TWD 16.55 1.50 9.97% |
| Symbol | Concraft |
Concraft 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 Concraft 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 Concraft Holding.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Concraft Holding on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Concraft Holding Co or generate 0.0% return on investment in Concraft Holding over 30 days. Concraft Holding is related to or competes with Advantech, IEI Integration, Flytech Technology, Ennoconn Corp, and ADLINK Technology. Concraft Holding Co., Ltd. develops, manufactures, and sells connectors under the CONCRAFT brand name in China, Taiwan, ... More
Concraft 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 Concraft 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 Concraft Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.3 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 2.45 |
Concraft Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concraft Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concraft Holding's standard deviation. In reality, there are many statistical measures that can use Concraft Holding historical prices to predict the future Concraft Holding's volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.02) |
Concraft Holding Backtested Returns
Concraft Holding secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Concraft Holding Co exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Concraft Holding's Risk Adjusted Performance of 0.0068, mean deviation of 1.37, and Downside Deviation of 2.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Concraft Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Concraft Holding is expected to be smaller as well. At this point, Concraft Holding has a negative expected return of -0.0082%. Please make sure to confirm Concraft Holding's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Concraft Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Concraft Holding Co has insignificant predictability. Overlapping area represents the amount of predictability between Concraft Holding time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Concraft Holding price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Concraft Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Concraft Holding lagged returns against current returns
Autocorrelation, which is Concraft 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 Concraft Holding's stock expected returns. We can calculate the autocorrelation of Concraft Holding returns to help us make a trade decision. For example, suppose you find that Concraft 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 |
Concraft 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 Concraft Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concraft Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concraft Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Concraft Holding Lagged Returns
When evaluating Concraft Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concraft Holding stock have on its future price. Concraft 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, Concraft Holding autocorrelation shows the relationship between Concraft Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Concraft Holding Co.
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 Concraft Stock Analysis
When running Concraft Holding's price analysis, check to measure Concraft 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 Concraft Holding is operating at the current time. Most of Concraft Holding's value examination focuses on studying past and present price action to predict the probability of Concraft 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 Concraft Holding's price. Additionally, you may evaluate how the addition of Concraft Holding to your portfolios can decrease your overall portfolio volatility.