King Yuan (Taiwan) Market Value
| 2449 Stock | TWD 126.50 3.00 2.43% |
| Symbol | King |
King Yuan '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 King Yuan'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 King Yuan.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in King Yuan on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding King Yuan Electronics or generate 0.0% return on investment in King Yuan over 720 days. King Yuan is related to or competes with Taiwan Semiconductor, Yang Ming, ASE Industrial, AU Optronics, Innolux Corp, United Microelectronics, and Nan Ya. King Yuan ELECTRONICS CO., LTD. engages in the testing of back-end integrated circuit packaging for the semiconductor in... More
King Yuan 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 King Yuan'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 King Yuan Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.89 |
King Yuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for King Yuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as King Yuan's standard deviation. In reality, there are many statistical measures that can use King Yuan historical prices to predict the future King Yuan's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0559 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2935 |
King Yuan Electronics Backtested Returns
At this stage we consider King Stock to be very steady. King Yuan Electronics has Sharpe Ratio of 0.0536, which conveys that the firm had a 0.0536% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for King Yuan, which you can use to evaluate the volatility of the firm. Please verify King Yuan's Mean Deviation of 1.98, risk adjusted performance of 0.0381, and Downside Deviation of 2.56 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. King Yuan has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, King Yuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding King Yuan is expected to be smaller as well. King Yuan Electronics right now secures a risk of 2.74%. Please verify King Yuan Electronics downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if King Yuan Electronics will be following its current price movements.
Auto-correlation | 0.84 |
Very good predictability
King Yuan Electronics has very good predictability. Overlapping area represents the amount of predictability between King Yuan time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 King Yuan Electronics price movement. The serial correlation of 0.84 indicates that around 84.0% of current King Yuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 275.38 |
King Yuan Electronics lagged returns against current returns
Autocorrelation, which is King Yuan 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 King Yuan's stock expected returns. We can calculate the autocorrelation of King Yuan returns to help us make a trade decision. For example, suppose you find that King Yuan 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 |
King Yuan 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 King Yuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if King Yuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in King Yuan stock over time.
Current vs Lagged Prices |
| Timeline |
King Yuan Lagged Returns
When evaluating King Yuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of King Yuan stock have on its future price. King Yuan 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, King Yuan autocorrelation shows the relationship between King Yuan stock current value and its past values and can show if there is a momentum factor associated with investing in King Yuan Electronics.
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 King Stock Analysis
When running King Yuan's price analysis, check to measure King Yuan'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 King Yuan is operating at the current time. Most of King Yuan's value examination focuses on studying past and present price action to predict the probability of King Yuan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move King Yuan's price. Additionally, you may evaluate how the addition of King Yuan to your portfolios can decrease your overall portfolio volatility.