Kingcan Holdings (Taiwan) Market Value
| 8411 Stock | TWD 12.50 0.65 4.94% |
| Symbol | Kingcan |
Kingcan Holdings '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 Kingcan Holdings' 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 Kingcan Holdings.
| 12/22/2023 |
| 12/16/2024 |
If you would invest 0.00 in Kingcan Holdings on December 22, 2023 and sell it all today you would earn a total of 0.00 from holding Kingcan Holdings or generate 0.0% return on investment in Kingcan Holdings over 360 days. Kingcan Holdings is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Kingcan Holdings Limited researches and develops, produces, and sells metal packaging and food cans, and related raw mat... More
Kingcan Holdings 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 Kingcan Holdings' 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 Kingcan Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.12 |
Kingcan Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingcan Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingcan Holdings' standard deviation. In reality, there are many statistical measures that can use Kingcan Holdings historical prices to predict the future Kingcan Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.2317 |
Kingcan Holdings Backtested Returns
Kingcan Holdings has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Kingcan Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kingcan Holdings' Standard Deviation of 1.15, mean deviation of 0.6908, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kingcan Holdings are expected to decrease at a much lower rate. During the bear market, Kingcan Holdings is likely to outperform the market. At this point, Kingcan Holdings has a negative expected return of -0.17%. Please make sure to verify Kingcan Holdings' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Kingcan Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Kingcan Holdings has poor predictability. Overlapping area represents the amount of predictability between Kingcan Holdings time series from 22nd of December 2023 to 19th of June 2024 and 19th of June 2024 to 16th 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 Kingcan Holdings price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Kingcan Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Kingcan Holdings lagged returns against current returns
Autocorrelation, which is Kingcan Holdings 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 Kingcan Holdings' stock expected returns. We can calculate the autocorrelation of Kingcan Holdings returns to help us make a trade decision. For example, suppose you find that Kingcan Holdings 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 |
Kingcan Holdings 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 Kingcan Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingcan Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingcan Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Kingcan Holdings Lagged Returns
When evaluating Kingcan Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingcan Holdings stock have on its future price. Kingcan Holdings 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, Kingcan Holdings autocorrelation shows the relationship between Kingcan Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Kingcan Holdings.
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 Kingcan Stock Analysis
When running Kingcan Holdings' price analysis, check to measure Kingcan Holdings' 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 Kingcan Holdings is operating at the current time. Most of Kingcan Holdings' value examination focuses on studying past and present price action to predict the probability of Kingcan Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingcan Holdings' price. Additionally, you may evaluate how the addition of Kingcan Holdings to your portfolios can decrease your overall portfolio volatility.