Epileds Technologies (Taiwan) Market Value
| 4956 Stock | TWD 30.10 1.15 3.68% |
| Symbol | Epileds |
Epileds Technologies '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 Epileds Technologies' 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 Epileds Technologies.
| 11/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Epileds Technologies on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Epileds Technologies or generate 0.0% return on investment in Epileds Technologies over 60 days. Epileds Technologies is related to or competes with Harvatek Corp, Edison Opto, Tainergy Tech, Everlight Electronics, and Bright Led. Epileds Technologies, Inc. researches and develops, designs, manufactures, and sells blue, green, red, and white light L... More
Epileds Technologies 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 Epileds Technologies' 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 Epileds Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.68 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 6.87 |
Epileds Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Epileds Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Epileds Technologies' standard deviation. In reality, there are many statistical measures that can use Epileds Technologies historical prices to predict the future Epileds Technologies' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.76) |
Epileds Technologies Backtested Returns
Epileds Technologies 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. Epileds Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Epileds Technologies' Mean Deviation of 2.83, standard deviation of 3.68, and Variance of 13.52 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Epileds Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Epileds Technologies is expected to be smaller as well. At this point, Epileds Technologies has a negative expected return of -0.52%. Please make sure to confirm Epileds Technologies' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Epileds Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Epileds Technologies has good predictability. Overlapping area represents the amount of predictability between Epileds Technologies time series from 21st of November 2024 to 21st of December 2024 and 21st of December 2024 to 20th 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 Epileds Technologies price movement. The serial correlation of 0.67 indicates that around 67.0% of current Epileds Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 5.57 |
Epileds Technologies lagged returns against current returns
Autocorrelation, which is Epileds Technologies 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 Epileds Technologies' stock expected returns. We can calculate the autocorrelation of Epileds Technologies returns to help us make a trade decision. For example, suppose you find that Epileds Technologies 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 |
Epileds Technologies 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 Epileds Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Epileds Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Epileds Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Epileds Technologies Lagged Returns
When evaluating Epileds Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Epileds Technologies stock have on its future price. Epileds Technologies 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, Epileds Technologies autocorrelation shows the relationship between Epileds Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Epileds Technologies.
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 Epileds Stock Analysis
When running Epileds Technologies' price analysis, check to measure Epileds Technologies' 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 Epileds Technologies is operating at the current time. Most of Epileds Technologies' value examination focuses on studying past and present price action to predict the probability of Epileds Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Epileds Technologies' price. Additionally, you may evaluate how the addition of Epileds Technologies to your portfolios can decrease your overall portfolio volatility.