LK Engineering (Taiwan) Market Value
| 6139 Stock | TWD 274.00 3.50 1.26% |
| Symbol | 6139 |
LK Engineering '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 LK Engineering'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 LK Engineering.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in LK Engineering on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding LK Engineering Co or generate 0.0% return on investment in LK Engineering over 720 days. LK Engineering is related to or competes with United Integrated, Topco Scientific, Marketech International, Asia Optical, and CyberTAN Technology. LK Engineering Co., Ltd. operates as a cleanroom constructor in high-tech semiconductor industry in Taiwan and internati... More
LK Engineering 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 LK Engineering'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 LK Engineering Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.1842 | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 3.88 |
LK Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LK Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LK Engineering's standard deviation. In reality, there are many statistical measures that can use LK Engineering historical prices to predict the future LK Engineering's volatility.| Risk Adjusted Performance | 0.1383 | |||
| Jensen Alpha | 0.4102 | |||
| Total Risk Alpha | 0.4787 | |||
| Sortino Ratio | 0.1965 | |||
| Treynor Ratio | 2.21 |
LK Engineering Backtested Returns
LK Engineering appears to be very steady, given 3 months investment horizon. LK Engineering retains Efficiency (Sharpe Ratio) of 0.14, which conveys that the firm had a 0.14 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for LK Engineering, which you can use to evaluate the volatility of the firm. Please exercise LK Engineering's Market Risk Adjusted Performance of 2.22, standard deviation of 2.33, and Mean Deviation of 1.77 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LK Engineering holds a performance score of 11. The company owns a Beta (Systematic Risk) of 0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LK Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding LK Engineering is expected to be smaller as well. Please check LK Engineering's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether LK Engineering's current price history will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
LK Engineering Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between LK Engineering time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 LK Engineering price movement. The serial correlation of -0.11 indicates that less than 11.0% of current LK Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 824.57 |
LK Engineering lagged returns against current returns
Autocorrelation, which is LK Engineering 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 LK Engineering's stock expected returns. We can calculate the autocorrelation of LK Engineering returns to help us make a trade decision. For example, suppose you find that LK Engineering 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 |
LK Engineering 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 LK Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LK Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LK Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
LK Engineering Lagged Returns
When evaluating LK Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LK Engineering stock have on its future price. LK Engineering 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, LK Engineering autocorrelation shows the relationship between LK Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in LK Engineering Co.
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 6139 Stock Analysis
When running LK Engineering's price analysis, check to measure LK Engineering'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 LK Engineering is operating at the current time. Most of LK Engineering's value examination focuses on studying past and present price action to predict the probability of LK Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LK Engineering's price. Additionally, you may evaluate how the addition of LK Engineering to your portfolios can decrease your overall portfolio volatility.