Drewloong Precision (Taiwan) Market Value
| 4572 Stock | TWD 151.00 3.00 1.95% |
| Symbol | Drewloong |
Drewloong Precision '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 Drewloong Precision'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 Drewloong Precision.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Drewloong Precision on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Drewloong Precision or generate 0.0% return on investment in Drewloong Precision over 30 days. Drewloong Precision is related to or competes with Zeng Hsing, Fortune Electric, Allis Electric, China Ecotek, and SCI Pharmtech. Drewloong Precision, Inc. produces and sells aero structural and engine parts, landing gear parts, and special tools to ... More
Drewloong Precision 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 Drewloong Precision'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 Drewloong Precision upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.19 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.58 |
Drewloong Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Drewloong Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Drewloong Precision's standard deviation. In reality, there are many statistical measures that can use Drewloong Precision historical prices to predict the future Drewloong Precision's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.24) |
Drewloong Precision Backtested Returns
Drewloong Precision secures Sharpe Ratio (or Efficiency) of -0.0993, which denotes the company had a -0.0993% return per unit of standard deviation over the last 3 months. Drewloong Precision exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Drewloong Precision's Standard Deviation of 1.11, mean deviation of 0.7321, and Coefficient Of Variation of (1,639) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Drewloong Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Drewloong Precision is expected to be smaller as well. At this point, Drewloong Precision has a negative expected return of -0.11%. Please make sure to confirm Drewloong Precision's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Drewloong Precision performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Drewloong Precision has very weak reverse predictability. Overlapping area represents the amount of predictability between Drewloong Precision time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Drewloong Precision price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Drewloong Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.66 |
Drewloong Precision lagged returns against current returns
Autocorrelation, which is Drewloong Precision 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 Drewloong Precision's stock expected returns. We can calculate the autocorrelation of Drewloong Precision returns to help us make a trade decision. For example, suppose you find that Drewloong Precision 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 |
Drewloong Precision 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 Drewloong Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Drewloong Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Drewloong Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Drewloong Precision Lagged Returns
When evaluating Drewloong Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Drewloong Precision stock have on its future price. Drewloong Precision 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, Drewloong Precision autocorrelation shows the relationship between Drewloong Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Drewloong Precision.
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 Drewloong Stock Analysis
When running Drewloong Precision's price analysis, check to measure Drewloong Precision'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 Drewloong Precision is operating at the current time. Most of Drewloong Precision's value examination focuses on studying past and present price action to predict the probability of Drewloong Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drewloong Precision's price. Additionally, you may evaluate how the addition of Drewloong Precision to your portfolios can decrease your overall portfolio volatility.