Logah Technology (Taiwan) Market Value
| 3593 Stock | TWD 11.20 0.05 0.45% |
| Symbol | Logah |
Logah Technology '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 Logah Technology'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 Logah Technology.
| 02/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Logah Technology on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Logah Technology Corp or generate 0.0% return on investment in Logah Technology over 90 days. Logah Technology is related to or competes with Aces Electronics, Nichidenbo Corp, Cheer Time, Edison Opto, and Powertech Industrial. Logah Technology Corp. engages in the design, development, and manufacture of professional precision molds, precision pl... More
Logah Technology 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 Logah Technology'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 Logah Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0262 | |||
| Maximum Drawdown | 16.26 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 4.63 |
Logah Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Logah Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Logah Technology's standard deviation. In reality, there are many statistical measures that can use Logah Technology historical prices to predict the future Logah Technology's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.087 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0328 | |||
| Treynor Ratio | 0.1811 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Logah Technology'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.
Logah Technology Corp Backtested Returns
Logah Technology Corp has Sharpe Ratio of -0.0687, which conveys that the firm had a -0.0687% return per unit of risk over the last 3 months. Logah Technology exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Logah Technology's Downside Deviation of 2.15, risk adjusted performance of 0.0376, and Mean Deviation of 1.6 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Logah Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Logah Technology is expected to be smaller as well. Logah Technology Corp has an expected return of -0.16%. Please make sure to verify Logah Technology Corp market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Logah Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Logah Technology Corp has modest predictability. Overlapping area represents the amount of predictability between Logah Technology time series from 4th of February 2024 to 20th of March 2024 and 20th of March 2024 to 4th 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 Logah Technology Corp price movement. The serial correlation of 0.55 indicates that about 55.0% of current Logah Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Logah Technology Corp lagged returns against current returns
Autocorrelation, which is Logah Technology 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 Logah Technology's stock expected returns. We can calculate the autocorrelation of Logah Technology returns to help us make a trade decision. For example, suppose you find that Logah Technology 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 |
Logah Technology 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 Logah Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Logah Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Logah Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Logah Technology Lagged Returns
When evaluating Logah Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Logah Technology stock have on its future price. Logah Technology 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, Logah Technology autocorrelation shows the relationship between Logah Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Logah Technology 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 Logah Technology 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, Logah Technology's short interest history, or implied volatility extrapolated from Logah Technology options trading.
Thematic Opportunities
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Check out Logah Technology Correlation, Logah Technology Volatility and Logah Technology Alpha and Beta module to complement your research on Logah Technology. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Logah Stock analysis
When running Logah Technology's price analysis, check to measure Logah Technology'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 Logah Technology is operating at the current time. Most of Logah Technology's value examination focuses on studying past and present price action to predict the probability of Logah Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Logah Technology's price. Additionally, you may evaluate how the addition of Logah Technology to your portfolios can decrease your overall portfolio volatility.
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Logah Technology 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.