Lealea Enterprise (Taiwan) Market Value
| 1444 Stock | TWD 9.18 0.03 0.33% |
| Symbol | Lealea |
Lealea Enterprise '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 Lealea Enterprise'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 Lealea Enterprise.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Lealea Enterprise on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Lealea Enterprise Co or generate 0.0% return on investment in Lealea Enterprise over 30 days. Lealea Enterprise is related to or competes with Li Peng, Tainan Spinning, USI Corp, UPC Technology, and China Petrochemical. Lealea Enterprise Co., Ltd. produces and sells polyester DTY to provide raw materials to textile manufacturers in Taiwan... More
Lealea Enterprise 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 Lealea Enterprise'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 Lealea Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.5 |
Lealea Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lealea Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lealea Enterprise's standard deviation. In reality, there are many statistical measures that can use Lealea Enterprise historical prices to predict the future Lealea Enterprise's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.26) |
Lealea Enterprise Backtested Returns
Lealea Enterprise has Sharpe Ratio of -0.0291, which conveys that the firm had a -0.0291% return per unit of risk over the last 3 months. Lealea Enterprise exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lealea Enterprise's Risk Adjusted Performance of (0.03), standard deviation of 1.06, and Mean Deviation of 0.715 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lealea Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lealea Enterprise is expected to be smaller as well. At this point, Lealea Enterprise has a negative expected return of -0.0313%. Please make sure to verify Lealea Enterprise's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Lealea Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Lealea Enterprise Co has below average predictability. Overlapping area represents the amount of predictability between Lealea Enterprise 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 Lealea Enterprise price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Lealea Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Lealea Enterprise lagged returns against current returns
Autocorrelation, which is Lealea Enterprise 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 Lealea Enterprise's stock expected returns. We can calculate the autocorrelation of Lealea Enterprise returns to help us make a trade decision. For example, suppose you find that Lealea Enterprise 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 |
Lealea Enterprise 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 Lealea Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lealea Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lealea Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Lealea Enterprise Lagged Returns
When evaluating Lealea Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lealea Enterprise stock have on its future price. Lealea Enterprise 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, Lealea Enterprise autocorrelation shows the relationship between Lealea Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Lealea Enterprise Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Lealea Stock Analysis
When running Lealea Enterprise's price analysis, check to measure Lealea Enterprise'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 Lealea Enterprise is operating at the current time. Most of Lealea Enterprise's value examination focuses on studying past and present price action to predict the probability of Lealea Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lealea Enterprise's price. Additionally, you may evaluate how the addition of Lealea Enterprise to your portfolios can decrease your overall portfolio volatility.