Radium Life (Taiwan) Market Value
| 2547 Stock | TWD 10.45 0.15 1.42% |
| Symbol | Radium |
Radium Life '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 Radium Life'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 Radium Life.
| 11/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Radium Life on November 9, 2023 and sell it all today you would earn a total of 0.00 from holding Radium Life Tech or generate 0.0% return on investment in Radium Life over 390 days. Radium Life is related to or competes with Highwealth Construction, Huaku Development, Huang Hsiang, Hung Sheng, and Cathay Real. Radium Life Technology Co., Ltd. develops real estate projects in Taiwan More
Radium Life 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 Radium Life'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 Radium Life Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.99 |
Radium Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radium Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radium Life's standard deviation. In reality, there are many statistical measures that can use Radium Life historical prices to predict the future Radium Life's volatility.| Risk Adjusted Performance | 0.0043 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.03) |
Radium Life Tech Backtested Returns
At this stage we consider Radium Stock to be not too volatile. Radium Life Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.0297, which implies the firm had a 0.0297% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Radium Life Tech, which you can use to evaluate the volatility of the company. Please check Radium Life's Coefficient Of Variation of (45,572), risk adjusted performance of 0.0043, and Variance of 3.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0547%. Radium Life has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Radium Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Radium Life is expected to be smaller as well. Radium Life Tech right now holds a risk of 1.84%. Please check Radium Life Tech mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Radium Life Tech will be following its historical price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Radium Life Tech has good reverse predictability. Overlapping area represents the amount of predictability between Radium Life time series from 9th of November 2023 to 22nd of May 2024 and 22nd of May 2024 to 3rd 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 Radium Life Tech price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Radium Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Radium Life Tech lagged returns against current returns
Autocorrelation, which is Radium Life 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 Radium Life's stock expected returns. We can calculate the autocorrelation of Radium Life returns to help us make a trade decision. For example, suppose you find that Radium Life 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 |
Radium Life 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 Radium Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radium Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radium Life stock over time.
Current vs Lagged Prices |
| Timeline |
Radium Life Lagged Returns
When evaluating Radium Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radium Life stock have on its future price. Radium Life 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, Radium Life autocorrelation shows the relationship between Radium Life stock current value and its past values and can show if there is a momentum factor associated with investing in Radium Life Tech.
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 Radium Stock Analysis
When running Radium Life's price analysis, check to measure Radium Life'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 Radium Life is operating at the current time. Most of Radium Life's value examination focuses on studying past and present price action to predict the probability of Radium Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radium Life's price. Additionally, you may evaluate how the addition of Radium Life to your portfolios can decrease your overall portfolio volatility.