Thinking Electronic (Taiwan) Market Value
| 2428 Stock | 159.00 1.00 0.62% |
| Symbol | Thinking |
Thinking Electronic '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 Thinking Electronic'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 Thinking Electronic.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Thinking Electronic on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Thinking Electronic Industrial or generate 0.0% return on investment in Thinking Electronic over 510 days. Thinking Electronic is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Thinking Electronic Industrial Co., Ltd. manufactures and sells various protective circuit components. More
Thinking Electronic 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 Thinking Electronic'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 Thinking Electronic Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.02 |
Thinking Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thinking Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thinking Electronic's standard deviation. In reality, there are many statistical measures that can use Thinking Electronic historical prices to predict the future Thinking Electronic's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.12) |
Thinking Electronic Backtested Returns
Thinking Electronic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0897, which indicates the firm had a -0.0897% return per unit of risk over the last 3 months. Thinking Electronic Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thinking Electronic's Variance of 1.77, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,476) to confirm the risk estimate we provide. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thinking Electronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thinking Electronic is expected to be smaller as well. At this point, Thinking Electronic has a negative expected return of -0.11%. Please make sure to validate Thinking Electronic's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Thinking Electronic performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Thinking Electronic Industrial has modest reverse predictability. Overlapping area represents the amount of predictability between Thinking Electronic time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Thinking Electronic price movement. The serial correlation of -0.5 indicates that about 50.0% of current Thinking Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 67.3 |
Thinking Electronic lagged returns against current returns
Autocorrelation, which is Thinking Electronic 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 Thinking Electronic's stock expected returns. We can calculate the autocorrelation of Thinking Electronic returns to help us make a trade decision. For example, suppose you find that Thinking Electronic 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 |
Thinking Electronic 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 Thinking Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thinking Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thinking Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Thinking Electronic Lagged Returns
When evaluating Thinking Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thinking Electronic stock have on its future price. Thinking Electronic 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, Thinking Electronic autocorrelation shows the relationship between Thinking Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Thinking Electronic Industrial.
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 Thinking Stock Analysis
When running Thinking Electronic's price analysis, check to measure Thinking Electronic'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 Thinking Electronic is operating at the current time. Most of Thinking Electronic's value examination focuses on studying past and present price action to predict the probability of Thinking Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thinking Electronic's price. Additionally, you may evaluate how the addition of Thinking Electronic to your portfolios can decrease your overall portfolio volatility.