Nien Made (Taiwan) Market Value
| 8464 Stock | TWD 396.00 2.00 0.51% |
| Symbol | Nien |
Nien Made '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 Nien Made'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 Nien Made.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Nien Made on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Nien Made Enterprise or generate 0.0% return on investment in Nien Made over 30 days. Nien Made is related to or competes with Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, Kinko Optical, and Giant Manufacturing. Nien Made Enterprise Co., LTD. engages in the research, development, design, manufacture, and sale of various types of w... More
Nien Made 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 Nien Made'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 Nien Made Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.84 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.88 |
Nien Made Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nien Made's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nien Made's standard deviation. In reality, there are many statistical measures that can use Nien Made historical prices to predict the future Nien Made's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.5687 |
Nien Made Enterprise Backtested Returns
Nien Made Enterprise 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. Nien Made exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nien Made's Risk Adjusted Performance of (0.09), standard deviation of 2.19, and Mean Deviation of 1.49 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.49, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nien Made are expected to decrease at a much lower rate. During the bear market, Nien Made is likely to outperform the market. At this point, Nien Made Enterprise has a negative expected return of -0.37%. Please make sure to verify Nien Made's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Nien Made Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Nien Made Enterprise has below average predictability. Overlapping area represents the amount of predictability between Nien Made time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Nien Made Enterprise price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Nien Made price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 22.49 |
Nien Made Enterprise lagged returns against current returns
Autocorrelation, which is Nien Made 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 Nien Made's stock expected returns. We can calculate the autocorrelation of Nien Made returns to help us make a trade decision. For example, suppose you find that Nien Made 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 |
Nien Made 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 Nien Made stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nien Made stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nien Made stock over time.
Current vs Lagged Prices |
| Timeline |
Nien Made Lagged Returns
When evaluating Nien Made's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nien Made stock have on its future price. Nien Made 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, Nien Made autocorrelation shows the relationship between Nien Made stock current value and its past values and can show if there is a momentum factor associated with investing in Nien Made Enterprise.
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 Nien Stock Analysis
When running Nien Made's price analysis, check to measure Nien Made'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 Nien Made is operating at the current time. Most of Nien Made's value examination focuses on studying past and present price action to predict the probability of Nien Made's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nien Made's price. Additionally, you may evaluate how the addition of Nien Made to your portfolios can decrease your overall portfolio volatility.