Rexon Industrial (Taiwan) Market Value
| 1515 Stock | TWD 50.50 1.20 2.32% |
| Symbol | Rexon |
Rexon Industrial '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 Rexon Industrial'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 Rexon Industrial.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Rexon Industrial on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Rexon Industrial Corp or generate 0.0% return on investment in Rexon Industrial over 30 days. Rexon Industrial is related to or competes with GenMont Biotech, Min Aik, Promise Technology, Chainqui Construction, and New Palace. ,Ltd designs, manufactures, and sells bench power tools in the United States, Canada, Europe, Japan, and other Asian mar... More
Rexon Industrial 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 Rexon Industrial'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 Rexon Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.0374 | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.43 |
Rexon Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rexon Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rexon Industrial's standard deviation. In reality, there are many statistical measures that can use Rexon Industrial historical prices to predict the future Rexon Industrial's volatility.| Risk Adjusted Performance | 0.0469 | |||
| Jensen Alpha | 0.1161 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0391 | |||
| Treynor Ratio | 0.2775 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rexon Industrial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rexon Industrial Corp Backtested Returns
Rexon Industrial appears to be very steady, given 3 months investment horizon. Rexon Industrial Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Rexon Industrial Corp, which you can use to evaluate the volatility of the company. Please evaluate Rexon Industrial's Coefficient Of Variation of 1623.89, risk adjusted performance of 0.0469, and Semi Deviation of 2.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rexon Industrial holds a performance score of 8. The company holds a Beta of 0.51, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rexon Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rexon Industrial is expected to be smaller as well. Please check Rexon Industrial's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Rexon Industrial's historical price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Rexon Industrial Corp has good reverse predictability. Overlapping area represents the amount of predictability between Rexon Industrial time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Rexon Industrial Corp price movement. The serial correlation of -0.51 indicates that about 51.0% of current Rexon Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
Rexon Industrial Corp lagged returns against current returns
Autocorrelation, which is Rexon Industrial 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 Rexon Industrial's stock expected returns. We can calculate the autocorrelation of Rexon Industrial returns to help us make a trade decision. For example, suppose you find that Rexon Industrial 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 |
Rexon Industrial 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 Rexon Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rexon Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rexon Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Rexon Industrial Lagged Returns
When evaluating Rexon Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rexon Industrial stock have on its future price. Rexon Industrial 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, Rexon Industrial autocorrelation shows the relationship between Rexon Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Rexon Industrial Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Rexon Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Rexon Industrial's short interest history, or implied volatility extrapolated from Rexon Industrial options trading.
Thematic Opportunities
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Check out Rexon Industrial Correlation, Rexon Industrial Volatility and Rexon Industrial Alpha and Beta module to complement your research on Rexon Industrial. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Rexon Stock analysis
When running Rexon Industrial's price analysis, check to measure Rexon Industrial'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 Rexon Industrial is operating at the current time. Most of Rexon Industrial's value examination focuses on studying past and present price action to predict the probability of Rexon Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rexon Industrial's price. Additionally, you may evaluate how the addition of Rexon Industrial to your portfolios can decrease your overall portfolio volatility.
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Rexon Industrial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.