Les Enphants (Taiwan) Market Value
| 2911 Stock | TWD 8.66 0.01 0.12% |
| Symbol | Les |
Les Enphants '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 Les Enphants' 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 Les Enphants.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Les Enphants on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Les Enphants Co or generate 0.0% return on investment in Les Enphants over 30 days. Les Enphants is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Les Enphants Co., Ltd., together with its subsidiaries, operates as a retailer of childrens wear and accessories More
Les Enphants 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 Les Enphants' 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 Les Enphants Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 17.48 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.01 |
Les Enphants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Les Enphants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Les Enphants' standard deviation. In reality, there are many statistical measures that can use Les Enphants historical prices to predict the future Les Enphants' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 0.6221 |
Les Enphants Backtested Returns
Les Enphants has Sharpe Ratio of -0.0521, which conveys that the firm had a -0.0521% return per unit of risk over the last 3 months. Les Enphants exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Les Enphants' Mean Deviation of 1.33, standard deviation of 2.47, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Les Enphants are expected to decrease at a much lower rate. During the bear market, Les Enphants is likely to outperform the market. At this point, Les Enphants has a negative expected return of -0.13%. Please make sure to verify Les Enphants' jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Les Enphants performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Les Enphants Co has very good predictability. Overlapping area represents the amount of predictability between Les Enphants time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Les Enphants price movement. The serial correlation of 0.82 indicates that around 82.0% of current Les Enphants price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Les Enphants lagged returns against current returns
Autocorrelation, which is Les Enphants 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 Les Enphants' stock expected returns. We can calculate the autocorrelation of Les Enphants returns to help us make a trade decision. For example, suppose you find that Les Enphants 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 |
Les Enphants 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 Les Enphants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Les Enphants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Les Enphants stock over time.
Current vs Lagged Prices |
| Timeline |
Les Enphants Lagged Returns
When evaluating Les Enphants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Les Enphants stock have on its future price. Les Enphants 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, Les Enphants autocorrelation shows the relationship between Les Enphants stock current value and its past values and can show if there is a momentum factor associated with investing in Les Enphants Co.
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 Les Stock Analysis
When running Les Enphants' price analysis, check to measure Les Enphants' 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 Les Enphants is operating at the current time. Most of Les Enphants' value examination focuses on studying past and present price action to predict the probability of Les Enphants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Les Enphants' price. Additionally, you may evaluate how the addition of Les Enphants to your portfolios can decrease your overall portfolio volatility.