Lifestyle Global (Taiwan) Market Value
| 8066 Stock | TWD 26.60 0.05 0.19% |
| Symbol | Lifestyle |
Lifestyle Global '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 Lifestyle Global'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 Lifestyle Global.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Lifestyle Global on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Lifestyle Global Enterprise or generate 0.0% return on investment in Lifestyle Global over 30 days. Lifestyle Global is related to or competes with Tait Marketing, Elitegroup Computer, Dynamic Medical, U Media, Cameo Communications, Emerging Display, and TWOWAY Communications. Lifestyle Global Enterprise Inc. provides leather sofas and wooden furniture worldwide More
Lifestyle Global 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 Lifestyle Global'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 Lifestyle Global Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.15 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 0.9091 |
Lifestyle Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lifestyle Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lifestyle Global's standard deviation. In reality, there are many statistical measures that can use Lifestyle Global historical prices to predict the future Lifestyle Global's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.73) |
Lifestyle Global Ent Backtested Returns
Lifestyle Global Ent has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17 % return per unit of risk over the last 3 months. Lifestyle Global exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lifestyle Global's Risk Adjusted Performance of (0.14), standard deviation of 0.7463, and Mean Deviation of 0.5096 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lifestyle Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lifestyle Global is expected to be smaller as well. At this point, Lifestyle Global Ent has a negative expected return of -0.13%. Please make sure to verify Lifestyle Global's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Lifestyle Global Ent performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Lifestyle Global Enterprise has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Lifestyle Global time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 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 Lifestyle Global Ent price movement. The serial correlation of -0.73 indicates that around 73.0% of current Lifestyle Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Lifestyle Global Ent lagged returns against current returns
Autocorrelation, which is Lifestyle Global 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 Lifestyle Global's stock expected returns. We can calculate the autocorrelation of Lifestyle Global returns to help us make a trade decision. For example, suppose you find that Lifestyle Global 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 |
Lifestyle Global 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 Lifestyle Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lifestyle Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lifestyle Global stock over time.
Current vs Lagged Prices |
| Timeline |
Lifestyle Global Lagged Returns
When evaluating Lifestyle Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lifestyle Global stock have on its future price. Lifestyle Global 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, Lifestyle Global autocorrelation shows the relationship between Lifestyle Global stock current value and its past values and can show if there is a momentum factor associated with investing in Lifestyle Global Enterprise.
Regressed Prices |
| Timeline |
Pair Trading with Lifestyle Global
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 Lifestyle Global 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 Lifestyle Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Lifestyle Stock
| 0.77 | 9934 | Globe Union Industrial | PairCorr |
| 0.78 | 9935 | Ching Feng Home | PairCorr |
| 0.85 | 1626 | Airmate Cayman Inter | PairCorr |
| 0.95 | 6195 | Scan D | PairCorr |
Moving against Lifestyle Stock
The ability to find closely correlated positions to Lifestyle Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lifestyle Global 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 Lifestyle Global - 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 Lifestyle Global Enterprise to buy it.
The correlation of Lifestyle Global 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 Lifestyle Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lifestyle Global Ent 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 Lifestyle Global 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 Lifestyle Stock Analysis
When running Lifestyle Global's price analysis, check to measure Lifestyle Global'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 Lifestyle Global is operating at the current time. Most of Lifestyle Global's value examination focuses on studying past and present price action to predict the probability of Lifestyle Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lifestyle Global's price. Additionally, you may evaluate how the addition of Lifestyle Global to your portfolios can decrease your overall portfolio volatility.