EZconn Corp (Taiwan) Market Value
| 6442 Stock | TWD 161.00 1.50 0.94% |
| Symbol | EZconn |
EZconn Corp '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 EZconn Corp'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 EZconn Corp.
| 05/15/2022 |
| 05/04/2024 |
If you would invest 0.00 in EZconn Corp on May 15, 2022 and sell it all today you would earn a total of 0.00 from holding EZconn Corp or generate 0.0% return on investment in EZconn Corp over 720 days. EZconn Corp is related to or competes with PCL Technologies, CyberTAN Technology, Arcadyan Technology, Gemtek Technology, and Hitron Technologies. EZconn Corporation, together with its subsidiaries, manufactures and sells precision metal and optical fiber components ... More
EZconn Corp 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 EZconn Corp'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 EZconn Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.44 | |||
| Information Ratio | 0.2646 | |||
| Maximum Drawdown | 19.9 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 9.92 |
EZconn Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EZconn Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EZconn Corp's standard deviation. In reality, there are many statistical measures that can use EZconn Corp historical prices to predict the future EZconn Corp's volatility.| Risk Adjusted Performance | 0.1861 | |||
| Jensen Alpha | 1.39 | |||
| Total Risk Alpha | 1.01 | |||
| Sortino Ratio | 0.2945 | |||
| Treynor Ratio | (1.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EZconn Corp'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.
EZconn Corp Backtested Returns
EZconn Corp is very steady given 3 months investment horizon. EZconn Corp secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use EZconn Corp Downside Deviation of 4.44, mean deviation of 3.87, and Semi Deviation of 3.56 to evaluate company specific risk that cannot be diversified away. EZconn Corp holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.88, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning EZconn Corp are expected to decrease slowly. On the other hand, during market turmoil, EZconn Corp is expected to outperform it slightly. Use EZconn Corp mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on EZconn Corp.
Auto-correlation | 0.32 |
Below average predictability
EZconn Corp has below average predictability. Overlapping area represents the amount of predictability between EZconn Corp time series from 15th of May 2022 to 10th of May 2023 and 10th of May 2023 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 EZconn Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current EZconn Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 919.91 |
EZconn Corp lagged returns against current returns
Autocorrelation, which is EZconn Corp 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 EZconn Corp's stock expected returns. We can calculate the autocorrelation of EZconn Corp returns to help us make a trade decision. For example, suppose you find that EZconn Corp 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 |
EZconn Corp 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 EZconn Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EZconn Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EZconn Corp stock over time.
Current vs Lagged Prices |
| Timeline |
EZconn Corp Lagged Returns
When evaluating EZconn Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EZconn Corp stock have on its future price. EZconn Corp 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, EZconn Corp autocorrelation shows the relationship between EZconn Corp stock current value and its past values and can show if there is a momentum factor associated with investing in EZconn 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 EZconn Corp 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, EZconn Corp's short interest history, or implied volatility extrapolated from EZconn Corp options trading.
Thematic Opportunities
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Check out EZconn Corp Correlation, EZconn Corp Volatility and EZconn Corp Alpha and Beta module to complement your research on EZconn Corp. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for EZconn Stock analysis
When running EZconn Corp's price analysis, check to measure EZconn Corp'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 EZconn Corp is operating at the current time. Most of EZconn Corp's value examination focuses on studying past and present price action to predict the probability of EZconn Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EZconn Corp's price. Additionally, you may evaluate how the addition of EZconn Corp to your portfolios can decrease your overall portfolio volatility.
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EZconn Corp 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.