Makalot Industrial (Taiwan) Market Value
| 1477 Stock | TWD 315.50 4.00 1.25% |
| Symbol | Makalot |
Makalot Industrial '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 Makalot Industrial'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 Makalot Industrial.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Makalot Industrial on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Makalot Industrial Co or generate 0.0% return on investment in Makalot Industrial over 30 days. Makalot Industrial is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Makalot Industrial Co., Ltd. manufactures and sells apparel in Taiwan and internationally More
Makalot Industrial 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 Makalot Industrial'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 Makalot Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 13.08 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 3.44 |
Makalot Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Makalot Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Makalot Industrial's standard deviation. In reality, there are many statistical measures that can use Makalot Industrial historical prices to predict the future Makalot Industrial's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.28) |
Makalot Industrial Backtested Returns
Makalot Industrial has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Makalot Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Makalot Industrial's Standard Deviation of 2.25, risk adjusted performance of (0.09), and Mean Deviation of 1.55 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.08, which conveys a somewhat significant risk relative to the market. Makalot Industrial returns are very sensitive to returns on the market. As the market goes up or down, Makalot Industrial is expected to follow. At this point, Makalot Industrial has a negative expected return of -0.3%. Please make sure to verify Makalot Industrial's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Makalot Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Makalot Industrial Co has below average predictability. Overlapping area represents the amount of predictability between Makalot Industrial time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Makalot Industrial price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Makalot Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 66.91 |
Makalot Industrial lagged returns against current returns
Autocorrelation, which is Makalot Industrial 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 Makalot Industrial's stock expected returns. We can calculate the autocorrelation of Makalot Industrial returns to help us make a trade decision. For example, suppose you find that Makalot Industrial 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 |
Makalot Industrial 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 Makalot Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Makalot Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Makalot Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Makalot Industrial Lagged Returns
When evaluating Makalot Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Makalot Industrial stock have on its future price. Makalot Industrial 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, Makalot Industrial autocorrelation shows the relationship between Makalot Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Makalot Industrial Co.
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 Makalot Stock Analysis
When running Makalot Industrial's price analysis, check to measure Makalot Industrial'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 Makalot Industrial is operating at the current time. Most of Makalot Industrial's value examination focuses on studying past and present price action to predict the probability of Makalot Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Makalot Industrial's price. Additionally, you may evaluate how the addition of Makalot Industrial to your portfolios can decrease your overall portfolio volatility.