Kworld Computer (Taiwan) Market Value
| 3287 Stock | TWD 50.10 5.50 9.89% |
| Symbol | Kworld |
Kworld Computer '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 Kworld Computer'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 Kworld Computer.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Kworld Computer on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kworld Computer Co or generate 0.0% return on investment in Kworld Computer over 30 days. Kworld Computer is related to or competes with Answer Technology, Dimension Computer, and . More
Kworld Computer 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 Kworld Computer'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 Kworld Computer Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.97 | |||
| Information Ratio | 0.0693 | |||
| Maximum Drawdown | 19.94 | |||
| Value At Risk | (5.72) | |||
| Potential Upside | 9.92 |
Kworld Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kworld Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kworld Computer's standard deviation. In reality, there are many statistical measures that can use Kworld Computer historical prices to predict the future Kworld Computer's volatility.| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | 0.4521 | |||
| Total Risk Alpha | 0.0411 | |||
| Sortino Ratio | 0.078 | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kworld Computer'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.
Kworld Computer Backtested Returns
Kworld Computer appears to be not too volatile, given 3 months investment horizon. Kworld Computer has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Kworld Computer's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Kworld Computer's Risk Adjusted Performance of 0.0611, mean deviation of 3.28, and Downside Deviation of 3.97 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kworld Computer holds a performance score of 8. The company secures a Beta (Market Risk) of -2.16, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Kworld Computer are expected to decrease by larger amounts. On the other hand, during market turmoil, Kworld Computer is expected to outperform it. Please check Kworld Computer's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Kworld Computer's current price movements will revert.
Auto-correlation | 0.34 |
Below average predictability
Kworld Computer Co has below average predictability. Overlapping area represents the amount of predictability between Kworld Computer time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Kworld Computer price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Kworld Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 33.7 |
Kworld Computer lagged returns against current returns
Autocorrelation, which is Kworld Computer 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 Kworld Computer's stock expected returns. We can calculate the autocorrelation of Kworld Computer returns to help us make a trade decision. For example, suppose you find that Kworld Computer 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 |
Kworld Computer 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 Kworld Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kworld Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kworld Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Kworld Computer Lagged Returns
When evaluating Kworld Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kworld Computer stock have on its future price. Kworld Computer 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, Kworld Computer autocorrelation shows the relationship between Kworld Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Kworld Computer Co.
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 Kworld Computer 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, Kworld Computer's short interest history, or implied volatility extrapolated from Kworld Computer options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Kworld Computer Correlation, Kworld Computer Volatility and Kworld Computer Alpha and Beta module to complement your research on Kworld Computer. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Kworld Stock analysis
When running Kworld Computer's price analysis, check to measure Kworld Computer'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 Kworld Computer is operating at the current time. Most of Kworld Computer's value examination focuses on studying past and present price action to predict the probability of Kworld Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kworld Computer's price. Additionally, you may evaluate how the addition of Kworld Computer to your portfolios can decrease your overall portfolio volatility.
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Kworld Computer 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.