Ligitek Electronics (Taiwan) Market Value
| 8111 Stock | TWD 46.15 1.50 3.36% |
| Symbol | Ligitek |
Ligitek Electronics '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 Ligitek Electronics' 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 Ligitek Electronics.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ligitek Electronics on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Ligitek Electronics Co or generate 0.0% return on investment in Ligitek Electronics over 30 days. Ligitek Electronics is related to or competes with Great Computer, Ma Kuang, Hannstar Display, RiTdisplay Corp, Wonderful, Union Insurance, and Shinkong Insurance. Ligitek Electronics Co., Ltd. designs, develops, manufactures, and sells a range of optoelectronic components for lighti... More
Ligitek Electronics 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 Ligitek Electronics' 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 Ligitek Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.162 | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 9.92 |
Ligitek Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ligitek Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ligitek Electronics' standard deviation. In reality, there are many statistical measures that can use Ligitek Electronics historical prices to predict the future Ligitek Electronics' volatility.| Risk Adjusted Performance | 0.1465 | |||
| Jensen Alpha | 0.7997 | |||
| Total Risk Alpha | 0.1294 | |||
| Sortino Ratio | 0.1996 | |||
| Treynor Ratio | 43.58 |
Ligitek Electronics Backtested Returns
Ligitek Electronics appears to be very steady, given 3 months investment horizon. Ligitek Electronics has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Ligitek Electronics' technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please exercise Ligitek Electronics' Downside Deviation of 3.44, mean deviation of 3.36, and Risk Adjusted Performance of 0.1465 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ligitek Electronics holds a performance score of 14. The company secures a Beta (Market Risk) of 0.0184, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Ligitek Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ligitek Electronics is expected to be smaller as well. Please check Ligitek Electronics' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Ligitek Electronics' current price movements will revert.
Auto-correlation | 0.37 |
Below average predictability
Ligitek Electronics Co has below average predictability. Overlapping area represents the amount of predictability between Ligitek Electronics time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Ligitek Electronics price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Ligitek Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 7.84 |
Ligitek Electronics lagged returns against current returns
Autocorrelation, which is Ligitek Electronics 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 Ligitek Electronics' stock expected returns. We can calculate the autocorrelation of Ligitek Electronics returns to help us make a trade decision. For example, suppose you find that Ligitek Electronics 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 |
Ligitek Electronics 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 Ligitek Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ligitek Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ligitek Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Ligitek Electronics Lagged Returns
When evaluating Ligitek Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ligitek Electronics stock have on its future price. Ligitek Electronics 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, Ligitek Electronics autocorrelation shows the relationship between Ligitek Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Ligitek Electronics Co.
Regressed Prices |
| Timeline |
Pair Trading with Ligitek Electronics
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 Ligitek Electronics 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 Ligitek Electronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Ligitek Stock
Moving against Ligitek Stock
The ability to find closely correlated positions to Ligitek Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ligitek Electronics 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 Ligitek Electronics - 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 Ligitek Electronics Co to buy it.
The correlation of Ligitek Electronics 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 Ligitek Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ligitek Electronics 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 Ligitek Electronics 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 Ligitek Stock Analysis
When running Ligitek Electronics' price analysis, check to measure Ligitek Electronics' 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 Ligitek Electronics is operating at the current time. Most of Ligitek Electronics' value examination focuses on studying past and present price action to predict the probability of Ligitek Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ligitek Electronics' price. Additionally, you may evaluate how the addition of Ligitek Electronics to your portfolios can decrease your overall portfolio volatility.