Lihtai Construction (Taiwan) Market Value
| 5520 Stock | TWD 87.20 0.30 0.35% |
| Symbol | Lihtai |
Lihtai Construction '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 Lihtai Construction'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 Lihtai Construction.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Lihtai Construction on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Lihtai Construction Enterprise or generate 0.0% return on investment in Lihtai Construction over 90 days. Lihtai Construction is related to or competes with SS Healthcare, China Petrochemical, Phoenix Silicon, Johnson Health, Acelon Chemicals, Ma Kuang, and Prime Oil. Lih Tai Construction Enterprise Co., Ltd More
Lihtai Construction 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 Lihtai Construction'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 Lihtai Construction Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6406 | |||
| Information Ratio | 0.3963 | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 1.67 |
Lihtai Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lihtai Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lihtai Construction's standard deviation. In reality, there are many statistical measures that can use Lihtai Construction historical prices to predict the future Lihtai Construction's volatility.| Risk Adjusted Performance | 0.1884 | |||
| Jensen Alpha | 0.1053 | |||
| Total Risk Alpha | 0.1881 | |||
| Sortino Ratio | 0.3525 | |||
| Treynor Ratio | (1.11) |
Lihtai Construction Backtested Returns
At this stage we consider Lihtai Stock to be very steady. Lihtai Construction has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lihtai Construction, which you can use to evaluate the volatility of the firm. Please verify Lihtai Construction's Risk Adjusted Performance of 0.1884, coefficient of variation of 449.45, and Mean Deviation of 0.3434 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Lihtai Construction has a performance score of 17 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lihtai Construction are expected to decrease at a much lower rate. During the bear market, Lihtai Construction is likely to outperform the market. Lihtai Construction right now secures a risk of 0.57%. Please verify Lihtai Construction Enterprise coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Lihtai Construction Enterprise will be following its current price movements.
Auto-correlation | -0.39 |
Poor reverse predictability
Lihtai Construction Enterprise has poor reverse predictability. Overlapping area represents the amount of predictability between Lihtai Construction time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Lihtai Construction price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Lihtai Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 4.01 |
Lihtai Construction lagged returns against current returns
Autocorrelation, which is Lihtai Construction 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 Lihtai Construction's stock expected returns. We can calculate the autocorrelation of Lihtai Construction returns to help us make a trade decision. For example, suppose you find that Lihtai Construction 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 |
Lihtai Construction 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 Lihtai Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lihtai Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lihtai Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Lihtai Construction Lagged Returns
When evaluating Lihtai Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lihtai Construction stock have on its future price. Lihtai Construction 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, Lihtai Construction autocorrelation shows the relationship between Lihtai Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Lihtai Construction Enterprise.
Regressed Prices |
| Timeline |
Pair Trading with Lihtai Construction
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 Lihtai Construction 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 Lihtai Construction will appreciate offsetting losses from the drop in the long position's value.Moving together with Lihtai Stock
| 0.85 | 1101 | Taiwan Cement Corp | PairCorr |
| 0.86 | 1102 | Asia Cement Corp | PairCorr |
| 0.88 | 1104 | Universal Cement Corp | PairCorr |
Moving against Lihtai Stock
| 0.82 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.74 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.72 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.68 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.61 | 3702 | WPG Holdings | PairCorr |
The ability to find closely correlated positions to Lihtai Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lihtai Construction 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 Lihtai Construction - 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 Lihtai Construction Enterprise to buy it.
The correlation of Lihtai Construction 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 Lihtai Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lihtai Construction 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 Lihtai Construction 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 Lihtai Stock Analysis
When running Lihtai Construction's price analysis, check to measure Lihtai Construction'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 Lihtai Construction is operating at the current time. Most of Lihtai Construction's value examination focuses on studying past and present price action to predict the probability of Lihtai Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lihtai Construction's price. Additionally, you may evaluate how the addition of Lihtai Construction to your portfolios can decrease your overall portfolio volatility.