Billion Electric (Taiwan) Market Value
| 3027 Stock | TWD 34.10 1.05 2.99% |
| Symbol | Billion |
Billion Electric '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 Billion Electric'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 Billion Electric.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Billion Electric on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Billion Electric Co or generate 0.0% return on investment in Billion Electric over 720 days. Billion Electric is related to or competes with Edimax Technology, CyberTAN Technology, Action Electronics, Asia Vital, and Loop Telecommunicatio. Billion Electric Co., Ltd. designs, produces, and distributes power supplies, energy management solutions, and networkin... More
Billion Electric 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 Billion Electric'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 Billion Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 14.38 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.33 |
Billion Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Billion Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Billion Electric's standard deviation. In reality, there are many statistical measures that can use Billion Electric historical prices to predict the future Billion Electric's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 1.18 |
Billion Electric Backtested Returns
Billion Electric secures Sharpe Ratio (or Efficiency) of -0.0433, which signifies that the company had a -0.0433% return per unit of risk over the last 3 months. Billion Electric Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Billion Electric's Risk Adjusted Performance of (0.03), standard deviation of 2.65, and Mean Deviation of 1.78 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Billion Electric are expected to decrease at a much lower rate. During the bear market, Billion Electric is likely to outperform the market. At this point, Billion Electric has a negative expected return of -0.11%. Please make sure to confirm Billion Electric's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Billion Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Billion Electric Co has weak predictability. Overlapping area represents the amount of predictability between Billion Electric 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 Billion Electric price movement. The serial correlation of 0.23 indicates that over 23.0% of current Billion Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 15.9 |
Billion Electric lagged returns against current returns
Autocorrelation, which is Billion Electric 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 Billion Electric's stock expected returns. We can calculate the autocorrelation of Billion Electric returns to help us make a trade decision. For example, suppose you find that Billion Electric 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 |
Billion Electric 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 Billion Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Billion Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Billion Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Billion Electric Lagged Returns
When evaluating Billion Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Billion Electric stock have on its future price. Billion Electric 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, Billion Electric autocorrelation shows the relationship between Billion Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Billion Electric 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 Billion Stock Analysis
When running Billion Electric's price analysis, check to measure Billion Electric'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 Billion Electric is operating at the current time. Most of Billion Electric's value examination focuses on studying past and present price action to predict the probability of Billion Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Billion Electric's price. Additionally, you may evaluate how the addition of Billion Electric to your portfolios can decrease your overall portfolio volatility.