Kung Sing (Taiwan) Market Value
| 5521 Stock | TWD 10.65 0.40 3.62% |
| Symbol | Kung |
Kung Sing '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 Kung Sing'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 Kung Sing.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Kung Sing on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Kung Sing Engineering or generate 0.0% return on investment in Kung Sing over 720 days. Kung Sing is related to or competes with Wan Hai, U Ming, and China Airlines. Kung Sing Engineering Corporationration operates as a construction company in Taiwan. More
Kung Sing 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 Kung Sing'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 Kung Sing Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 2.73 |
Kung Sing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kung Sing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kung Sing's standard deviation. In reality, there are many statistical measures that can use Kung Sing historical prices to predict the future Kung Sing's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.28) |
Kung Sing Engineering Backtested Returns
Kung Sing Engineering has Sharpe Ratio of -0.0763, which conveys that the firm had a -0.0763% return per unit of risk over the last 3 months. Kung Sing exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kung Sing's Standard Deviation of 1.78, mean deviation of 1.29, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kung Sing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kung Sing is expected to be smaller as well. At this point, Kung Sing Engineering has a negative expected return of -0.13%. Please make sure to verify Kung Sing's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kung Sing Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Kung Sing Engineering has modest reverse predictability. Overlapping area represents the amount of predictability between Kung Sing time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Kung Sing Engineering price movement. The serial correlation of -0.48 indicates that about 48.0% of current Kung Sing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Kung Sing Engineering lagged returns against current returns
Autocorrelation, which is Kung Sing 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 Kung Sing's stock expected returns. We can calculate the autocorrelation of Kung Sing returns to help us make a trade decision. For example, suppose you find that Kung Sing 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 |
Kung Sing 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 Kung Sing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kung Sing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kung Sing stock over time.
Current vs Lagged Prices |
| Timeline |
Kung Sing Lagged Returns
When evaluating Kung Sing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kung Sing stock have on its future price. Kung Sing 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, Kung Sing autocorrelation shows the relationship between Kung Sing stock current value and its past values and can show if there is a momentum factor associated with investing in Kung Sing Engineering.
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 Kung Stock Analysis
When running Kung Sing's price analysis, check to measure Kung Sing'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 Kung Sing is operating at the current time. Most of Kung Sing's value examination focuses on studying past and present price action to predict the probability of Kung Sing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kung Sing's price. Additionally, you may evaluate how the addition of Kung Sing to your portfolios can decrease your overall portfolio volatility.