Liton Technology (Taiwan) Market Value
| 6175 Stock | TWD 38.35 0.60 1.54% |
| Symbol | Liton |
Liton Technology '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 Liton Technology'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 Liton Technology.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Liton Technology on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Liton Technology or generate 0.0% return on investment in Liton Technology over 30 days. Liton Technology is related to or competes with Prosperity Dielectrics, Lelon Electronics, Wafer Works, INPAQ Technology, and Kaimei Electronic. More
Liton Technology 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 Liton Technology'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 Liton Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 11.87 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 4.3 |
Liton Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Liton Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Liton Technology's standard deviation. In reality, there are many statistical measures that can use Liton Technology historical prices to predict the future Liton Technology's volatility.| Risk Adjusted Performance | 0.0404 | |||
| Jensen Alpha | 0.0732 | |||
| Total Risk Alpha | 0.0193 | |||
| Sortino Ratio | 0.034 | |||
| Treynor Ratio | 0.181 |
Liton Technology Backtested Returns
At this stage we consider Liton Stock to be very steady. Liton Technology has Sharpe Ratio of 0.0419, which conveys that the firm had a 0.0419% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Liton Technology, which you can use to evaluate the volatility of the firm. Please verify Liton Technology's Mean Deviation of 1.5, downside deviation of 1.78, and Risk Adjusted Performance of 0.0404 to check out if the risk estimate we provide is consistent with the expected return of 0.0942%. Liton Technology has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Liton Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Liton Technology is expected to be smaller as well. Liton Technology right now secures a risk of 2.25%. Please verify Liton Technology total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Liton Technology will be following its current price movements.
Auto-correlation | -0.85 |
Excellent reverse predictability
Liton Technology has excellent reverse predictability. Overlapping area represents the amount of predictability between Liton Technology time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Liton Technology price movement. The serial correlation of -0.85 indicates that around 85.0% of current Liton Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 3.49 |
Liton Technology lagged returns against current returns
Autocorrelation, which is Liton Technology 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 Liton Technology's stock expected returns. We can calculate the autocorrelation of Liton Technology returns to help us make a trade decision. For example, suppose you find that Liton Technology 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 |
Liton Technology 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 Liton Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Liton Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Liton Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Liton Technology Lagged Returns
When evaluating Liton Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Liton Technology stock have on its future price. Liton Technology 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, Liton Technology autocorrelation shows the relationship between Liton Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Liton Technology.
Regressed Prices |
| Timeline |
Pair Trading with Liton Technology
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 Liton Technology 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 Liton Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Liton Stock
| 0.68 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.66 | 3228 | RDC Semiconductor | PairCorr |
| 0.64 | 6409 | Voltronic Power Tech | PairCorr |
| 0.54 | 8942 | Xxentria Technology | PairCorr |
| 0.51 | 6291 | Analog Integrations | PairCorr |
The ability to find closely correlated positions to Liton Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Liton Technology 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 Liton Technology - 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 Liton Technology to buy it.
The correlation of Liton Technology 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 Liton Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liton 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 Liton Technology 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 Liton Stock Analysis
When running Liton Technology's price analysis, check to measure Liton Technology'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 Liton Technology is operating at the current time. Most of Liton Technology's value examination focuses on studying past and present price action to predict the probability of Liton Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Liton Technology's price. Additionally, you may evaluate how the addition of Liton Technology to your portfolios can decrease your overall portfolio volatility.