Kwong Fong (Taiwan) Market Value
| 1416 Stock | TWD 12.80 0.10 0.78% |
| Symbol | Kwong |
Kwong Fong '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 Kwong Fong'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 Kwong Fong.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Kwong Fong on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Kwong Fong Industries or generate 0.0% return on investment in Kwong Fong over 30 days. Kwong Fong is related to or competes with Sunspring Metal, First Copper, Shinkong Insurance, Central Reinsurance, First Insurance, C Media, and Union Insurance. Kwong Fong Industries Corporation, together with its subsidiaries, primarily engages in the construction and textile bus... More
Kwong Fong 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 Kwong Fong'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 Kwong Fong Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.56 |
Kwong Fong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kwong Fong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kwong Fong's standard deviation. In reality, there are many statistical measures that can use Kwong Fong historical prices to predict the future Kwong Fong's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0034 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.1164 |
Kwong Fong Industries Backtested Returns
At this stage we consider Kwong Stock to be not too volatile. Kwong Fong Industries has Sharpe Ratio of 0.0022, which conveys that the firm had a 0.0022% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Kwong Fong, which you can use to evaluate the volatility of the firm. Please verify Kwong Fong's Mean Deviation of 1.22, insignificant risk adjusted performance, and Standard Deviation of 1.8 to check out if the risk estimate we provide is consistent with the expected return of 0.004%. The company secures a Beta (Market Risk) of -0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kwong Fong are expected to decrease at a much lower rate. During the bear market, Kwong Fong is likely to outperform the market. Kwong Fong Industries right now secures a risk of 1.82%. Please verify Kwong Fong Industries total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Kwong Fong Industries will be following its current price movements.
Auto-correlation | 0.29 |
Poor predictability
Kwong Fong Industries has poor predictability. Overlapping area represents the amount of predictability between Kwong Fong time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Kwong Fong Industries price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Kwong Fong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Kwong Fong Industries lagged returns against current returns
Autocorrelation, which is Kwong Fong 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 Kwong Fong's stock expected returns. We can calculate the autocorrelation of Kwong Fong returns to help us make a trade decision. For example, suppose you find that Kwong Fong 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 |
Kwong Fong 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 Kwong Fong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kwong Fong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kwong Fong stock over time.
Current vs Lagged Prices |
| Timeline |
Kwong Fong Lagged Returns
When evaluating Kwong Fong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kwong Fong stock have on its future price. Kwong Fong 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, Kwong Fong autocorrelation shows the relationship between Kwong Fong stock current value and its past values and can show if there is a momentum factor associated with investing in Kwong Fong Industries.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Kwong Stock Analysis
When running Kwong Fong's price analysis, check to measure Kwong Fong'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 Kwong Fong is operating at the current time. Most of Kwong Fong's value examination focuses on studying past and present price action to predict the probability of Kwong Fong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kwong Fong's price. Additionally, you may evaluate how the addition of Kwong Fong to your portfolios can decrease your overall portfolio volatility.