Radiant Opto (Taiwan) Market Value

6176 Stock  TWD 198.50  1.00  0.51%   
Radiant Opto's market value is the price at which a share of Radiant Opto trades on a public exchange. It measures the collective expectations of Radiant Opto Electronics Corp investors about its performance. Radiant Opto is selling for under 198.50 as of the 2nd of March 2025; that is 0.51% increase since the beginning of the trading day. The stock's lowest day price was 198.0.
With this module, you can estimate the performance of a buy and hold strategy of Radiant Opto Electronics Corp and determine expected loss or profit from investing in Radiant Opto over a given investment horizon. Check out Radiant Opto Correlation, Radiant Opto Volatility and Radiant Opto Alpha and Beta module to complement your research on Radiant Opto.
Symbol

Please note, there is a significant difference between Radiant Opto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Radiant Opto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Radiant Opto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Radiant Opto '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 Radiant Opto'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 Radiant Opto.
0.00
03/13/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/02/2025
0.00
If you would invest  0.00  in Radiant Opto on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding Radiant Opto Electronics Corp or generate 0.0% return on investment in Radiant Opto over 720 days. Radiant Opto is related to or competes with Powertech Technology, Catcher Technology, Novatek Microelectronics, Wistron Corp, and WPG Holdings. Radiant Opto-Electronics Corporation designs, manufactures, assembles, and markets backlight modules and light guide pla... More

Radiant Opto 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 Radiant Opto'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 Radiant Opto Electronics Corp upside and downside potential and time the market with a certain degree of confidence.

Radiant Opto Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Radiant Opto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radiant Opto's standard deviation. In reality, there are many statistical measures that can use Radiant Opto historical prices to predict the future Radiant Opto's volatility.
Hype
Prediction
LowEstimatedHigh
197.13198.50199.87
Details
Intrinsic
Valuation
LowRealHigh
195.51196.88218.35
Details
Naive
Forecast
LowNextHigh
197.01198.37199.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
190.73196.12201.50
Details

Radiant Opto Electro Backtested Returns

At this stage we consider Radiant Stock to be very steady. Radiant Opto Electro maintains Sharpe Ratio (i.e., Efficiency) of 0.0329, which implies the firm had a 0.0329 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Radiant Opto Electro, which you can use to evaluate the volatility of the company. Please check Radiant Opto's Coefficient Of Variation of 2005.98, semi deviation of 1.37, and Risk Adjusted Performance of 0.0413 to confirm if the risk estimate we provide is consistent with the expected return of 0.0449%. Radiant Opto has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Radiant Opto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Radiant Opto is expected to be smaller as well. Radiant Opto Electro right now holds a risk of 1.37%. Please check Radiant Opto Electro semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Radiant Opto Electro will be following its historical price patterns.

Auto-correlation

    
  0.42  

Average predictability

Radiant Opto Electronics Corp has average predictability. Overlapping area represents the amount of predictability between Radiant Opto 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 Radiant Opto Electro price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Radiant Opto price fluctuation can be explain by its past prices.
Correlation Coefficient0.42
Spearman Rank Test0.26
Residual Average0.0
Price Variance121.49

Radiant Opto Electro lagged returns against current returns

Autocorrelation, which is Radiant Opto 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 Radiant Opto's stock expected returns. We can calculate the autocorrelation of Radiant Opto returns to help us make a trade decision. For example, suppose you find that Radiant Opto 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  

Radiant Opto 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 Radiant Opto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radiant Opto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radiant Opto stock over time.
   Current vs Lagged Prices   
       Timeline  

Radiant Opto Lagged Returns

When evaluating Radiant Opto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radiant Opto stock have on its future price. Radiant Opto 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, Radiant Opto autocorrelation shows the relationship between Radiant Opto stock current value and its past values and can show if there is a momentum factor associated with investing in Radiant Opto Electronics Corp.
   Regressed Prices   
       Timeline  

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Additional Tools for Radiant Stock Analysis

When running Radiant Opto's price analysis, check to measure Radiant Opto'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 Radiant Opto is operating at the current time. Most of Radiant Opto's value examination focuses on studying past and present price action to predict the probability of Radiant Opto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Opto's price. Additionally, you may evaluate how the addition of Radiant Opto to your portfolios can decrease your overall portfolio volatility.