ECloudvalley Digital (Taiwan) Market Value
| 6689 Stock | 109.00 1.00 0.91% |
| Symbol | ECloudvalley |
ECloudvalley Digital '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 ECloudvalley Digital'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 ECloudvalley Digital.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in ECloudvalley Digital on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding eCloudvalley Digital Technology or generate 0.0% return on investment in ECloudvalley Digital over 30 days. ECloudvalley Digital is related to or competes with Phoenix Silicon, Mercuries Life, Eastern Media, Mechema Chemicals, U Tech, Asmedia Technology, and Shinkong Synthetic. More
ECloudvalley Digital 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 ECloudvalley Digital'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 eCloudvalley Digital Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0514 | |||
| Maximum Drawdown | 11.59 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.75 |
ECloudvalley Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECloudvalley Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECloudvalley Digital's standard deviation. In reality, there are many statistical measures that can use ECloudvalley Digital historical prices to predict the future ECloudvalley Digital's volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.2008 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0798 | |||
| Treynor Ratio | 0.8761 |
eCloudvalley Digital Backtested Returns
ECloudvalley Digital appears to be very steady, given 3 months investment horizon. eCloudvalley Digital secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for eCloudvalley Digital Technology, which you can use to evaluate the volatility of the entity. Please utilize ECloudvalley Digital's Downside Deviation of 1.46, semi deviation of 1.15, and Risk Adjusted Performance of 0.0836 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ECloudvalley Digital holds a performance score of 7. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, ECloudvalley Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding ECloudvalley Digital is expected to be smaller as well. Please check ECloudvalley Digital's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether ECloudvalley Digital's price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
eCloudvalley Digital Technology has very weak predictability. Overlapping area represents the amount of predictability between ECloudvalley Digital time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 eCloudvalley Digital price movement. The serial correlation of 0.17 indicates that over 17.0% of current ECloudvalley Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 66.73 |
eCloudvalley Digital lagged returns against current returns
Autocorrelation, which is ECloudvalley Digital 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 ECloudvalley Digital's stock expected returns. We can calculate the autocorrelation of ECloudvalley Digital returns to help us make a trade decision. For example, suppose you find that ECloudvalley Digital 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 |
ECloudvalley Digital 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 ECloudvalley Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECloudvalley Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECloudvalley Digital stock over time.
Current vs Lagged Prices |
| Timeline |
ECloudvalley Digital Lagged Returns
When evaluating ECloudvalley Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECloudvalley Digital stock have on its future price. ECloudvalley Digital 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, ECloudvalley Digital autocorrelation shows the relationship between ECloudvalley Digital stock current value and its past values and can show if there is a momentum factor associated with investing in eCloudvalley Digital Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
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 ECloudvalley Stock Analysis
When running ECloudvalley Digital's price analysis, check to measure ECloudvalley Digital'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 ECloudvalley Digital is operating at the current time. Most of ECloudvalley Digital's value examination focuses on studying past and present price action to predict the probability of ECloudvalley Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECloudvalley Digital's price. Additionally, you may evaluate how the addition of ECloudvalley Digital to your portfolios can decrease your overall portfolio volatility.