Innolux Corp (Taiwan) Market Value
| 3481 Stock | TWD 15.15 0.15 1.00% |
| Symbol | Innolux |
Innolux Corp '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 Innolux Corp'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 Innolux Corp.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Innolux Corp on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Innolux Corp or generate 0.0% return on investment in Innolux Corp over 360 days. Innolux Corp is related to or competes with United Microelectronics, and Winbond Electronics. Innolux Corporation, together with its subsidiaries, researches, designs, develops, manufactures, and sells TFT-LCD pane... More
Innolux Corp 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 Innolux Corp'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 Innolux Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 12.56 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.03 |
Innolux Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innolux Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innolux Corp's standard deviation. In reality, there are many statistical measures that can use Innolux Corp historical prices to predict the future Innolux Corp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.11) |
Innolux Corp Backtested Returns
At this stage we consider Innolux Stock to be not too volatile. Innolux Corp holds Efficiency (Sharpe) Ratio of 0.003, which attests that the entity had a 0.003% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Innolux Corp, which you can use to evaluate the volatility of the firm. Please check out Innolux Corp's Market Risk Adjusted Performance of (0.10), risk adjusted performance of (0.02), and Standard Deviation of 2.13 to validate if the risk estimate we provide is consistent with the expected return of 0.0063%. The company retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Innolux Corp returns are very sensitive to returns on the market. As the market goes up or down, Innolux Corp is expected to follow. Innolux Corp right now retains a risk of 2.12%. Please check out Innolux Corp standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Innolux Corp will be following its current trending patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Innolux Corp has insignificant predictability. Overlapping area represents the amount of predictability between Innolux Corp time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Innolux Corp price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Innolux Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Innolux Corp lagged returns against current returns
Autocorrelation, which is Innolux Corp 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 Innolux Corp's stock expected returns. We can calculate the autocorrelation of Innolux Corp returns to help us make a trade decision. For example, suppose you find that Innolux Corp 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 |
Innolux Corp 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 Innolux Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innolux Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innolux Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Innolux Corp Lagged Returns
When evaluating Innolux Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innolux Corp stock have on its future price. Innolux Corp 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, Innolux Corp autocorrelation shows the relationship between Innolux Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Innolux Corp.
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 Innolux Stock Analysis
When running Innolux Corp's price analysis, check to measure Innolux Corp'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 Innolux Corp is operating at the current time. Most of Innolux Corp's value examination focuses on studying past and present price action to predict the probability of Innolux Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innolux Corp's price. Additionally, you may evaluate how the addition of Innolux Corp to your portfolios can decrease your overall portfolio volatility.