Bright Led (Taiwan) Market Value
| 3031 Stock | TWD 21.80 0.20 0.91% |
| Symbol | Bright |
Bright Led '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 Bright Led'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 Bright Led.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Bright Led on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Bright Led Electronics or generate 0.0% return on investment in Bright Led over 720 days. Bright Led is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Innolux Corp, Nan Ya, and Chunghwa Telecom. Bright LED Electronics Corp. manufactures and sells LED products More
Bright Led 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 Bright Led'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 Bright Led Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0113 | |||
| Maximum Drawdown | 16.35 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 7.86 |
Bright Led Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bright Led's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bright Led's standard deviation. In reality, there are many statistical measures that can use Bright Led historical prices to predict the future Bright Led's volatility.| Risk Adjusted Performance | 0.0461 | |||
| Jensen Alpha | 0.1088 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0148 | |||
| Treynor Ratio | 0.414 |
Bright Led Electronics Backtested Returns
Bright Led appears to be not too volatile, given 3 months investment horizon. Bright Led Electronics secures Sharpe Ratio (or Efficiency) of 0.0737, which signifies that the company had a 0.0737% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bright Led Electronics, which you can use to evaluate the volatility of the firm. Please makes use of Bright Led's Risk Adjusted Performance of 0.0461, downside deviation of 2.42, and Mean Deviation of 2.21 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bright Led holds a performance score of 5. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bright Led's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bright Led is expected to be smaller as well. Please check Bright Led's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Bright Led's price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Bright Led Electronics has average predictability. Overlapping area represents the amount of predictability between Bright Led time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Bright Led Electronics price movement. The serial correlation of 0.49 indicates that about 49.0% of current Bright Led price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
Bright Led Electronics lagged returns against current returns
Autocorrelation, which is Bright Led 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 Bright Led's stock expected returns. We can calculate the autocorrelation of Bright Led returns to help us make a trade decision. For example, suppose you find that Bright Led 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 |
Bright Led 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 Bright Led stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bright Led stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bright Led stock over time.
Current vs Lagged Prices |
| Timeline |
Bright Led Lagged Returns
When evaluating Bright Led's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bright Led stock have on its future price. Bright Led 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, Bright Led autocorrelation shows the relationship between Bright Led stock current value and its past values and can show if there is a momentum factor associated with investing in Bright Led 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 Bright Stock Analysis
When running Bright Led's price analysis, check to measure Bright Led'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 Bright Led is operating at the current time. Most of Bright Led's value examination focuses on studying past and present price action to predict the probability of Bright Led's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Led's price. Additionally, you may evaluate how the addition of Bright Led to your portfolios can decrease your overall portfolio volatility.