Ko Ja (Taiwan) Market Value
| 5215 Stock | TWD 46.75 0.40 0.85% |
| Symbol | 5215 |
Ko Ja '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 Ko Ja'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 Ko Ja.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Ko Ja on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Ko Ja Cayman or generate 0.0% return on investment in Ko Ja over 180 days. Ko Ja is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Nan Ya, and Chunghwa Telecom. Ko Ja Co., Ltd. manufactures and sells membrane touch switches for notebook keyboards in Mainland China, Taiwan, and int... More
Ko Ja 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 Ko Ja'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 Ko Ja Cayman upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.77 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 1.73 |
Ko Ja Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ko Ja's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ko Ja's standard deviation. In reality, there are many statistical measures that can use Ko Ja historical prices to predict the future Ko Ja's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 1.38 |
Ko Ja Cayman Backtested Returns
Ko Ja Cayman retains Efficiency (Sharpe Ratio) of -0.0396, which conveys that the firm had a -0.0396% return per unit of price deviation over the last 3 months. Ko Ja exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Ko Ja's Information Ratio of (0.18), mean deviation of 1.04, and Market Risk Adjusted Performance of 1.39 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ko Ja are expected to decrease at a much lower rate. During the bear market, Ko Ja is likely to outperform the market. At this point, Ko Ja Cayman has a negative expected return of -0.0548%. Please make sure to verify Ko Ja's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ko Ja Cayman performance from the past will be repeated in the future.
Auto-correlation | 0.12 |
Insignificant predictability
Ko Ja Cayman has insignificant predictability. Overlapping area represents the amount of predictability between Ko Ja time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Ko Ja Cayman price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Ko Ja price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Ko Ja Cayman lagged returns against current returns
Autocorrelation, which is Ko Ja 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 Ko Ja's stock expected returns. We can calculate the autocorrelation of Ko Ja returns to help us make a trade decision. For example, suppose you find that Ko Ja 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 |
Ko Ja 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 Ko Ja stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ko Ja stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ko Ja stock over time.
Current vs Lagged Prices |
| Timeline |
Ko Ja Lagged Returns
When evaluating Ko Ja's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ko Ja stock have on its future price. Ko Ja 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, Ko Ja autocorrelation shows the relationship between Ko Ja stock current value and its past values and can show if there is a momentum factor associated with investing in Ko Ja Cayman.
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 5215 Stock Analysis
When running Ko Ja's price analysis, check to measure Ko Ja'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 Ko Ja is operating at the current time. Most of Ko Ja's value examination focuses on studying past and present price action to predict the probability of Ko Ja's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ko Ja's price. Additionally, you may evaluate how the addition of Ko Ja to your portfolios can decrease your overall portfolio volatility.