Merry Electronics (Taiwan) Market Value
| 2439 Stock | TWD 106.00 1.00 0.95% |
| Symbol | Merry |
Merry 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 Merry 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 Merry Electronics.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Merry Electronics on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Merry Electronics Co or generate 0.0% return on investment in Merry Electronics over 210 days. Merry Electronics is related to or competes with Iron Force, Highlight Tech, Maxigen Biotech, Sunnic Technology, Sunny Friend, Microtips Technology, and Chicony Power. Merry Electronics Co., Ltd. designs and manufactures electroacoustic, wireless, and battery products primarily in China,... More
Merry 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 Merry 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 Merry Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 3.29 |
Merry Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merry Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merry Electronics' standard deviation. In reality, there are many statistical measures that can use Merry Electronics historical prices to predict the future Merry Electronics' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (3.50) |
Merry Electronics Backtested Returns
Merry Electronics has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19% return per unit of risk over the last 3 months. Merry Electronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merry Electronics' Standard Deviation of 2.16, mean deviation of 1.67, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0821, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Merry Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Merry Electronics is expected to be smaller as well. At this point, Merry Electronics has a negative expected return of -0.4%. Please make sure to verify Merry Electronics' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Merry Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Merry Electronics Co has poor reverse predictability. Overlapping area represents the amount of predictability between Merry Electronics time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Merry Electronics price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Merry Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 137.18 |
Merry Electronics lagged returns against current returns
Autocorrelation, which is Merry 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 Merry Electronics' stock expected returns. We can calculate the autocorrelation of Merry Electronics returns to help us make a trade decision. For example, suppose you find that Merry 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 |
Merry 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 Merry Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merry Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merry Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Merry Electronics Lagged Returns
When evaluating Merry Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merry Electronics stock have on its future price. Merry 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, Merry Electronics autocorrelation shows the relationship between Merry Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Merry 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 Merry Stock Analysis
When running Merry Electronics' price analysis, check to measure Merry 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 Merry Electronics is operating at the current time. Most of Merry Electronics' value examination focuses on studying past and present price action to predict the probability of Merry Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merry Electronics' price. Additionally, you may evaluate how the addition of Merry Electronics to your portfolios can decrease your overall portfolio volatility.