Celxpert Energy (Taiwan) Market Value
| 3323 Stock | TWD 24.45 0.30 1.21% |
| Symbol | Celxpert |
Celxpert Energy '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 Celxpert Energy'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 Celxpert Energy.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Celxpert Energy on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Celxpert Energy or generate 0.0% return on investment in Celxpert Energy over 30 days. Celxpert Energy is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, Yageo Corp, Pegatron Corp, AU Optronics, and Innolux Corp. Celxpert Energy Corporation develops and sells battery packs in Taiwan More
Celxpert Energy 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 Celxpert Energy'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 Celxpert Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.3 |
Celxpert Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celxpert Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celxpert Energy's standard deviation. In reality, there are many statistical measures that can use Celxpert Energy historical prices to predict the future Celxpert Energy's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 1.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Celxpert Energy'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.
Celxpert Energy Backtested Returns
Celxpert Energy secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Celxpert Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Celxpert Energy's Risk Adjusted Performance of (0.09), standard deviation of 1.33, and Mean Deviation of 0.9709 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Celxpert Energy are expected to decrease at a much lower rate. During the bear market, Celxpert Energy is likely to outperform the market. Celxpert Energy has an expected return of -0.17%. Please make sure to confirm Celxpert Energy coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Celxpert Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Celxpert Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Celxpert Energy time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th 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 Celxpert Energy price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Celxpert Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Celxpert Energy lagged returns against current returns
Autocorrelation, which is Celxpert Energy 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 Celxpert Energy's stock expected returns. We can calculate the autocorrelation of Celxpert Energy returns to help us make a trade decision. For example, suppose you find that Celxpert Energy 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 |
Celxpert Energy 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 Celxpert Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celxpert Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celxpert Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Celxpert Energy Lagged Returns
When evaluating Celxpert Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celxpert Energy stock have on its future price. Celxpert Energy 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, Celxpert Energy autocorrelation shows the relationship between Celxpert Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Celxpert Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Celxpert Energy Correlation, Celxpert Energy Volatility and Celxpert Energy Alpha and Beta module to complement your research on Celxpert Energy. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Celxpert Stock analysis
When running Celxpert Energy's price analysis, check to measure Celxpert Energy'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 Celxpert Energy is operating at the current time. Most of Celxpert Energy's value examination focuses on studying past and present price action to predict the probability of Celxpert Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celxpert Energy's price. Additionally, you may evaluate how the addition of Celxpert Energy to your portfolios can decrease your overall portfolio volatility.
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Celxpert Energy 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.