Louisa Professional (Taiwan) Market Value
| 2758 Stock | 98.30 1.00 1.01% |
| Symbol | Louisa |
Louisa Professional '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 Louisa Professional'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 Louisa Professional.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Louisa Professional on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Louisa Professional Coffee or generate 0.0% return on investment in Louisa Professional over 180 days. Louisa Professional is related to or competes with Hi Lai, An Shin, Ruentex Development, Symtek Automation, CTCI Corp, and Information Technology. More
Louisa Professional 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 Louisa Professional'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 Louisa Professional Coffee upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 7.12 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.83 |
Louisa Professional Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Louisa Professional's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Louisa Professional's standard deviation. In reality, there are many statistical measures that can use Louisa Professional historical prices to predict the future Louisa Professional's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.64) |
Louisa Professional Backtested Returns
Louisa Professional has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Louisa Professional exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Louisa Professional's Standard Deviation of 1.16, mean deviation of 0.8303, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Louisa Professional's returns are expected to increase less than the market. However, during the bear market, the loss of holding Louisa Professional is expected to be smaller as well. At this point, Louisa Professional has a negative expected return of -0.2%. Please make sure to verify Louisa Professional's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Louisa Professional performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Louisa Professional Coffee has average predictability. Overlapping area represents the amount of predictability between Louisa Professional time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Louisa Professional price movement. The serial correlation of 0.48 indicates that about 48.0% of current Louisa Professional price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 16.0 |
Louisa Professional lagged returns against current returns
Autocorrelation, which is Louisa Professional 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 Louisa Professional's stock expected returns. We can calculate the autocorrelation of Louisa Professional returns to help us make a trade decision. For example, suppose you find that Louisa Professional 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 |
Louisa Professional 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 Louisa Professional stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Louisa Professional stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Louisa Professional stock over time.
Current vs Lagged Prices |
| Timeline |
Louisa Professional Lagged Returns
When evaluating Louisa Professional's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Louisa Professional stock have on its future price. Louisa Professional 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, Louisa Professional autocorrelation shows the relationship between Louisa Professional stock current value and its past values and can show if there is a momentum factor associated with investing in Louisa Professional Coffee.
Regressed Prices |
| Timeline |
Pair Trading with Louisa Professional
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Louisa Professional position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Louisa Professional will appreciate offsetting losses from the drop in the long position's value.Moving together with Louisa Stock
Moving against Louisa Stock
| 0.74 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.73 | 2881A | Fubon Financial Holding | PairCorr |
| 0.69 | 2891 | CTBC Financial Holding | PairCorr |
| 0.65 | 2755 | YoungQin International | PairCorr |
| 0.62 | 2723 | Gourmet Master | PairCorr |
The ability to find closely correlated positions to Louisa Professional could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Louisa Professional when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Louisa Professional - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Louisa Professional Coffee to buy it.
The correlation of Louisa Professional is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Louisa Professional moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Louisa Professional moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Louisa Professional can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Louisa Stock Analysis
When running Louisa Professional's price analysis, check to measure Louisa Professional'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 Louisa Professional is operating at the current time. Most of Louisa Professional's value examination focuses on studying past and present price action to predict the probability of Louisa Professional's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Louisa Professional's price. Additionally, you may evaluate how the addition of Louisa Professional to your portfolios can decrease your overall portfolio volatility.