Lin Horn (Taiwan) Market Value
| 5464 Stock | TWD 24.35 0.45 1.88% |
| Symbol | Lin |
Lin Horn '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 Lin Horn'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 Lin Horn.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Lin Horn on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Lin Horn Technology or generate 0.0% return on investment in Lin Horn over 30 days. Lin Horn is related to or competes with Fubon Financial, Union Bank, Taishin Financial, CTBC Financial, Taichung Commercial, U Tech, and Sports Gear. More
Lin Horn 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 Lin Horn'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 Lin Horn Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.17 |
Lin Horn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lin Horn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lin Horn's standard deviation. In reality, there are many statistical measures that can use Lin Horn historical prices to predict the future Lin Horn's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.62) |
Lin Horn Technology Backtested Returns
Lin Horn Technology has Sharpe Ratio of -0.0863, which conveys that the firm had a -0.0863 % return per unit of risk over the last 3 months. Lin Horn exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lin Horn's Standard Deviation of 1.9, risk adjusted performance of (0.06), and Mean Deviation of 1.26 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lin Horn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lin Horn is expected to be smaller as well. At this point, Lin Horn Technology has a negative expected return of -0.17%. Please make sure to verify Lin Horn's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Lin Horn Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Lin Horn Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Lin Horn time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th 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 Lin Horn Technology price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Lin Horn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Lin Horn Technology lagged returns against current returns
Autocorrelation, which is Lin Horn 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 Lin Horn's stock expected returns. We can calculate the autocorrelation of Lin Horn returns to help us make a trade decision. For example, suppose you find that Lin Horn 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 |
Lin Horn 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 Lin Horn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lin Horn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lin Horn stock over time.
Current vs Lagged Prices |
| Timeline |
Lin Horn Lagged Returns
When evaluating Lin Horn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lin Horn stock have on its future price. Lin Horn 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, Lin Horn autocorrelation shows the relationship between Lin Horn stock current value and its past values and can show if there is a momentum factor associated with investing in Lin Horn Technology.
Regressed Prices |
| Timeline |
Pair Trading with Lin Horn
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lin Horn position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lin Horn will appreciate offsetting losses from the drop in the long position's value.Moving together with Lin Stock
Moving against Lin Stock
| 0.76 | 3008 | LARGAN Precision | PairCorr |
| 0.74 | 2881A | Fubon Financial Holding | PairCorr |
| 0.72 | 2891 | CTBC Financial Holding | PairCorr |
| 0.64 | 2882B | Cathay Financial Holding | PairCorr |
| 0.63 | 2454 | MediaTek Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Lin Horn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lin Horn when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lin Horn - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lin Horn Technology to buy it.
The correlation of Lin Horn is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lin Horn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lin Horn Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lin Horn can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Lin Stock Analysis
When running Lin Horn's price analysis, check to measure Lin Horn'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 Lin Horn is operating at the current time. Most of Lin Horn's value examination focuses on studying past and present price action to predict the probability of Lin Horn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lin Horn's price. Additionally, you may evaluate how the addition of Lin Horn to your portfolios can decrease your overall portfolio volatility.