Cal Comp (Taiwan) Market Value
| 9105 Stock | TWD 7.83 0.01 0.13% |
| Symbol | Cal |
Cal Comp '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 Cal Comp'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 Cal Comp.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Cal Comp on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Cal Comp Electronics Public or generate 0.0% return on investment in Cal Comp over 720 days. Cal Comp is related to or competes with Asustek Computer, Micro Star, Compal Electronics, and Wistron Corp. Cal-Comp Electronics Public Company Limited provides electronics manufacturing, original design manufacturing, and origi... More
Cal Comp 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 Cal Comp'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 Cal Comp Electronics Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.1842 | |||
| Maximum Drawdown | 17.75 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 6.23 |
Cal Comp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cal Comp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cal Comp's standard deviation. In reality, there are many statistical measures that can use Cal Comp historical prices to predict the future Cal Comp's volatility.| Risk Adjusted Performance | 0.1683 | |||
| Jensen Alpha | 0.6756 | |||
| Total Risk Alpha | 0.2353 | |||
| Sortino Ratio | 0.2256 | |||
| Treynor Ratio | (4.08) |
Cal Comp Electronics Backtested Returns
Cal Comp appears to be slightly risky, given 3 months investment horizon. Cal Comp Electronics secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. By analyzing Cal Comp's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Cal Comp's Downside Deviation of 2.47, mean deviation of 2.16, and Risk Adjusted Performance of 0.1683 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cal Comp holds a performance score of 18. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cal Comp are expected to decrease at a much lower rate. During the bear market, Cal Comp is likely to outperform the market. Please check Cal Comp's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Cal Comp's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Cal Comp Electronics Public has good reverse predictability. Overlapping area represents the amount of predictability between Cal Comp time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Cal Comp Electronics price movement. The serial correlation of -0.51 indicates that about 51.0% of current Cal Comp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Cal Comp Electronics lagged returns against current returns
Autocorrelation, which is Cal Comp 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 Cal Comp's stock expected returns. We can calculate the autocorrelation of Cal Comp returns to help us make a trade decision. For example, suppose you find that Cal Comp 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 |
Cal Comp 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 Cal Comp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cal Comp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cal Comp stock over time.
Current vs Lagged Prices |
| Timeline |
Cal Comp Lagged Returns
When evaluating Cal Comp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cal Comp stock have on its future price. Cal Comp 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, Cal Comp autocorrelation shows the relationship between Cal Comp stock current value and its past values and can show if there is a momentum factor associated with investing in Cal Comp Electronics Public.
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 Cal Stock Analysis
When running Cal Comp's price analysis, check to measure Cal Comp'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 Cal Comp is operating at the current time. Most of Cal Comp's value examination focuses on studying past and present price action to predict the probability of Cal Comp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal Comp's price. Additionally, you may evaluate how the addition of Cal Comp to your portfolios can decrease your overall portfolio volatility.