Ligitek Electronics (Taiwan) Market Value
| 8111 Stock | TWD 23.95 0.05 0.21% |
| Symbol | Ligitek |
Ligitek Electronics '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 Ligitek Electronics' 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 Ligitek Electronics.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Ligitek Electronics on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ligitek Electronics Co or generate 0.0% return on investment in Ligitek Electronics over 30 days. Ligitek Electronics is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, Yageo Corp, Pegatron Corp, AU Optronics, and Innolux Corp. Ligitek Electronics Co., Ltd. designs, develops, manufactures, and sells a range of optoelectronic components for lighti... More
Ligitek Electronics 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 Ligitek Electronics' 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 Ligitek Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.089 | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 6.36 |
Ligitek Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ligitek Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ligitek Electronics' standard deviation. In reality, there are many statistical measures that can use Ligitek Electronics historical prices to predict the future Ligitek Electronics' volatility.| Risk Adjusted Performance | 0.0798 | |||
| Jensen Alpha | 0.3109 | |||
| Total Risk Alpha | 0.0791 | |||
| Sortino Ratio | 0.0904 | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ligitek Electronics' 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.
Ligitek Electronics Backtested Returns
Ligitek Electronics appears to be not too volatile, given 3 months investment horizon. Ligitek Electronics has Sharpe Ratio of 0.096, which conveys that the firm had a 0.096% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ligitek Electronics, which you can use to evaluate the volatility of the firm. Please exercise Ligitek Electronics' Downside Deviation of 2.45, risk adjusted performance of 0.0798, and Mean Deviation of 1.77 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ligitek Electronics holds a performance score of 7. The company secures a Beta (Market Risk) of -0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ligitek Electronics are expected to decrease at a much lower rate. During the bear market, Ligitek Electronics is likely to outperform the market. Please check Ligitek Electronics' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Ligitek Electronics' current price movements will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Ligitek Electronics Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ligitek Electronics 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 Ligitek Electronics price movement. The serial correlation of -0.8 indicates that around 80.0% of current Ligitek Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Ligitek Electronics lagged returns against current returns
Autocorrelation, which is Ligitek Electronics 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 Ligitek Electronics' stock expected returns. We can calculate the autocorrelation of Ligitek Electronics returns to help us make a trade decision. For example, suppose you find that Ligitek Electronics 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 |
Ligitek Electronics 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 Ligitek Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ligitek Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ligitek Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Ligitek Electronics Lagged Returns
When evaluating Ligitek Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ligitek Electronics stock have on its future price. Ligitek Electronics 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, Ligitek Electronics autocorrelation shows the relationship between Ligitek Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Ligitek Electronics 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 Ligitek Electronics 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, Ligitek Electronics' short interest history, or implied volatility extrapolated from Ligitek Electronics options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Ligitek Electronics Correlation, Ligitek Electronics Volatility and Ligitek Electronics Alpha and Beta module to complement your research on Ligitek Electronics. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Ligitek Stock analysis
When running Ligitek Electronics' price analysis, check to measure Ligitek Electronics' 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 Ligitek Electronics is operating at the current time. Most of Ligitek Electronics' value examination focuses on studying past and present price action to predict the probability of Ligitek Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ligitek Electronics' price. Additionally, you may evaluate how the addition of Ligitek Electronics to your portfolios can decrease your overall portfolio volatility.
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Ligitek Electronics 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.