Leatec Fine (Taiwan) Market Value
| 6127 Stock | TWD 25.40 0.10 0.40% |
| Symbol | Leatec |
Leatec Fine '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 Leatec Fine'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 Leatec Fine.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Leatec Fine on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Leatec Fine Ceramics or generate 0.0% return on investment in Leatec Fine over 30 days. Leatec Fine is related to or competes with Taiwan Semiconductor, MediaTek, United Microelectronics, Novatek Microelectronics, GlobalWafers, Realtek Semiconductor, and Global Unichip. LEATEC Fine Ceramics Co., Ltd. manufacturers and sells chip alumina fine ceramic substrates in Taiwan More
Leatec Fine 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 Leatec Fine'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 Leatec Fine Ceramics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.29 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 4.28 |
Leatec Fine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leatec Fine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leatec Fine's standard deviation. In reality, there are many statistical measures that can use Leatec Fine historical prices to predict the future Leatec Fine's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.1193 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leatec Fine'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.
Leatec Fine Ceramics Backtested Returns
Leatec Fine Ceramics has Sharpe Ratio of -0.0573, which conveys that the firm had a -0.0573% return per unit of risk over the last 3 months. Leatec Fine exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leatec Fine's Mean Deviation of 1.66, standard deviation of 2.29, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Leatec Fine are expected to decrease at a much lower rate. During the bear market, Leatec Fine is likely to outperform the market. Leatec Fine Ceramics has an expected return of -0.13%. Please make sure to verify Leatec Fine Ceramics mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Leatec Fine Ceramics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Leatec Fine Ceramics has insignificant predictability. Overlapping area represents the amount of predictability between Leatec Fine time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 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 Leatec Fine Ceramics price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Leatec Fine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Leatec Fine Ceramics lagged returns against current returns
Autocorrelation, which is Leatec Fine 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 Leatec Fine's stock expected returns. We can calculate the autocorrelation of Leatec Fine returns to help us make a trade decision. For example, suppose you find that Leatec Fine 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 |
Leatec Fine 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 Leatec Fine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leatec Fine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leatec Fine stock over time.
Current vs Lagged Prices |
| Timeline |
Leatec Fine Lagged Returns
When evaluating Leatec Fine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leatec Fine stock have on its future price. Leatec Fine 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, Leatec Fine autocorrelation shows the relationship between Leatec Fine stock current value and its past values and can show if there is a momentum factor associated with investing in Leatec Fine Ceramics.
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 Leatec Fine 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, Leatec Fine's short interest history, or implied volatility extrapolated from Leatec Fine options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Leatec Fine Correlation, Leatec Fine Volatility and Leatec Fine Alpha and Beta module to complement your research on Leatec Fine. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Leatec Stock analysis
When running Leatec Fine's price analysis, check to measure Leatec Fine'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 Leatec Fine is operating at the current time. Most of Leatec Fine's value examination focuses on studying past and present price action to predict the probability of Leatec Fine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leatec Fine's price. Additionally, you may evaluate how the addition of Leatec Fine to your portfolios can decrease your overall portfolio volatility.
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Leatec Fine 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.