Kinko Optical (Taiwan) Market Value
| 6209 Stock | TWD 24.80 0.35 1.43% |
| Symbol | Kinko |
Kinko Optical '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 Kinko Optical'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 Kinko Optical.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Kinko Optical on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Kinko Optical Co or generate 0.0% return on investment in Kinko Optical over 360 days. Kinko Optical is related to or competes with Asia Optical, Genius Electronic, Altek Corp, Hannstar Display, and LARGAN Precision. Kinko Optical Co., Ltd. designs, develops, produces, and sells optical components and optical lens worldwide More
Kinko Optical 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 Kinko Optical'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 Kinko Optical Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.98 |
Kinko Optical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinko Optical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinko Optical's standard deviation. In reality, there are many statistical measures that can use Kinko Optical historical prices to predict the future Kinko Optical's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.53) |
Kinko Optical Backtested Returns
Kinko Optical has Sharpe Ratio of -0.0015, which conveys that the firm had a -0.0015% return per unit of risk over the last 3 months. Kinko Optical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kinko Optical's Standard Deviation of 1.36, risk adjusted performance of (0.07), and Mean Deviation of 1.08 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kinko Optical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinko Optical is expected to be smaller as well. At this point, Kinko Optical has a negative expected return of -0.0019%. Please make sure to verify Kinko Optical's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kinko Optical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Kinko Optical Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Kinko Optical time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Kinko Optical price movement. The serial correlation of -0.03 indicates that only 3.0% of current Kinko Optical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 5.8 |
Kinko Optical lagged returns against current returns
Autocorrelation, which is Kinko Optical 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 Kinko Optical's stock expected returns. We can calculate the autocorrelation of Kinko Optical returns to help us make a trade decision. For example, suppose you find that Kinko Optical 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 |
Kinko Optical 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 Kinko Optical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinko Optical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinko Optical stock over time.
Current vs Lagged Prices |
| Timeline |
Kinko Optical Lagged Returns
When evaluating Kinko Optical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinko Optical stock have on its future price. Kinko Optical 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, Kinko Optical autocorrelation shows the relationship between Kinko Optical stock current value and its past values and can show if there is a momentum factor associated with investing in Kinko Optical 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 Kinko Stock Analysis
When running Kinko Optical's price analysis, check to measure Kinko Optical'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 Kinko Optical is operating at the current time. Most of Kinko Optical's value examination focuses on studying past and present price action to predict the probability of Kinko Optical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinko Optical's price. Additionally, you may evaluate how the addition of Kinko Optical to your portfolios can decrease your overall portfolio volatility.