Everlight Electronics (Taiwan) Market Value
| 2393 Stock | TWD 77.30 0.30 0.39% |
| Symbol | Everlight |
Everlight 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 Everlight 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 Everlight Electronics.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Everlight Electronics on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Everlight Electronics Co or generate 0.0% return on investment in Everlight Electronics over 720 days. Everlight Electronics is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Everlight Electronics Co., Ltd. provides LEDs, lamps, lighting components, LED lighting modules, opto-couplers, and infr... More
Everlight 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 Everlight 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 Everlight Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 2.82 |
Everlight Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everlight Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everlight Electronics' standard deviation. In reality, there are many statistical measures that can use Everlight Electronics historical prices to predict the future Everlight Electronics' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.40) |
Everlight Electronics Backtested Returns
Everlight Electronics secures Sharpe Ratio (or Efficiency) of -0.0419, which denotes the company had a -0.0419% return per unit of risk over the last 3 months. Everlight Electronics Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everlight Electronics' Variance of 3.89, standard deviation of 1.97, and Mean Deviation of 1.53 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Everlight Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Everlight Electronics is expected to be smaller as well. At this point, Everlight Electronics has a negative expected return of -0.0833%. Please make sure to confirm Everlight Electronics' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Everlight Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Everlight Electronics Co has excellent predictability. Overlapping area represents the amount of predictability between Everlight Electronics time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Everlight Electronics price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Everlight Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 160.79 |
Everlight Electronics lagged returns against current returns
Autocorrelation, which is Everlight 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 Everlight Electronics' stock expected returns. We can calculate the autocorrelation of Everlight Electronics returns to help us make a trade decision. For example, suppose you find that Everlight 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 |
Everlight 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 Everlight Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everlight Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everlight Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Everlight Electronics Lagged Returns
When evaluating Everlight Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everlight Electronics stock have on its future price. Everlight 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, Everlight Electronics autocorrelation shows the relationship between Everlight Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Everlight Electronics 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 Everlight Stock Analysis
When running Everlight Electronics' price analysis, check to measure Everlight 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 Everlight Electronics is operating at the current time. Most of Everlight Electronics' value examination focuses on studying past and present price action to predict the probability of Everlight Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everlight Electronics' price. Additionally, you may evaluate how the addition of Everlight Electronics to your portfolios can decrease your overall portfolio volatility.