Luo Lih (Taiwan) Market Value
| 6666 Stock | 49.85 0.85 1.68% |
| Symbol | Luo |
Luo Lih '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 Luo Lih'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 Luo Lih.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Luo Lih on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Luo Lih Fen or generate 0.0% return on investment in Luo Lih over 30 days. Luo Lih is related to or competes with Ruentex Development, Symtek Automation, CTCI Corp, Information Technology, Kinko Optical, Giant Manufacturing, and Great Taipei. More
Luo Lih 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 Luo Lih'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 Luo Lih Fen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.64 |
Luo Lih Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luo Lih's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luo Lih's standard deviation. In reality, there are many statistical measures that can use Luo Lih historical prices to predict the future Luo Lih's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.8765 |
Luo Lih Fen Backtested Returns
Luo Lih Fen has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Luo Lih exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Luo Lih's Risk Adjusted Performance of (0.06), mean deviation of 1.26, and Standard Deviation of 1.99 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Luo Lih are expected to decrease at a much lower rate. During the bear market, Luo Lih is likely to outperform the market. At this point, Luo Lih Fen has a negative expected return of -0.22%. Please make sure to verify Luo Lih's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Luo Lih Fen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Luo Lih Fen has modest predictability. Overlapping area represents the amount of predictability between Luo Lih time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 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 Luo Lih Fen price movement. The serial correlation of 0.54 indicates that about 54.0% of current Luo Lih price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 4.98 |
Luo Lih Fen lagged returns against current returns
Autocorrelation, which is Luo Lih 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 Luo Lih's stock expected returns. We can calculate the autocorrelation of Luo Lih returns to help us make a trade decision. For example, suppose you find that Luo Lih 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 |
Luo Lih 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 Luo Lih stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luo Lih stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luo Lih stock over time.
Current vs Lagged Prices |
| Timeline |
Luo Lih Lagged Returns
When evaluating Luo Lih's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luo Lih stock have on its future price. Luo Lih 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, Luo Lih autocorrelation shows the relationship between Luo Lih stock current value and its past values and can show if there is a momentum factor associated with investing in Luo Lih Fen.
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 Luo Stock Analysis
When running Luo Lih's price analysis, check to measure Luo Lih'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 Luo Lih is operating at the current time. Most of Luo Lih's value examination focuses on studying past and present price action to predict the probability of Luo Lih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luo Lih's price. Additionally, you may evaluate how the addition of Luo Lih to your portfolios can decrease your overall portfolio volatility.