Lemtech Holdings (Taiwan) Market Value
| 4912 Stock | TWD 129.00 11.50 9.79% |
| Symbol | Lemtech |
Lemtech Holdings '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 Lemtech Holdings' 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 Lemtech Holdings.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Lemtech Holdings on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Lemtech Holdings Co or generate 0.0% return on investment in Lemtech Holdings over 30 days. Lemtech Holdings is related to or competes with Catcher Technology, Evergreen Steel, China Metal, and Chernan Metal. Lemtech Holdings Co., Limited manufactures and sells precision metal dies and metal stampings in Asia, Americas, and Eur... More
Lemtech Holdings 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 Lemtech Holdings' 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 Lemtech Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0775 | |||
| Maximum Drawdown | 7.05 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 4.04 |
Lemtech Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lemtech Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lemtech Holdings' standard deviation. In reality, there are many statistical measures that can use Lemtech Holdings historical prices to predict the future Lemtech Holdings' volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.2478 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0941 | |||
| Treynor Ratio | 0.6301 |
Lemtech Holdings Backtested Returns
Lemtech Holdings appears to be very steady, given 3 months investment horizon. Lemtech Holdings has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lemtech Holdings, which you can use to evaluate the volatility of the firm. Please exercise Lemtech Holdings' Downside Deviation of 2.05, risk adjusted performance of 0.1008, and Mean Deviation of 1.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lemtech Holdings holds a performance score of 13. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lemtech Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Lemtech Holdings is expected to be smaller as well. Please check Lemtech Holdings' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Lemtech Holdings' current price movements will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Lemtech Holdings Co has weak reverse predictability. Overlapping area represents the amount of predictability between Lemtech Holdings time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Lemtech Holdings price movement. The serial correlation of -0.22 indicates that over 22.0% of current Lemtech Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 63.6 |
Lemtech Holdings lagged returns against current returns
Autocorrelation, which is Lemtech Holdings 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 Lemtech Holdings' stock expected returns. We can calculate the autocorrelation of Lemtech Holdings returns to help us make a trade decision. For example, suppose you find that Lemtech Holdings 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 |
Lemtech Holdings 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 Lemtech Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lemtech Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lemtech Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Lemtech Holdings Lagged Returns
When evaluating Lemtech Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lemtech Holdings stock have on its future price. Lemtech Holdings 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, Lemtech Holdings autocorrelation shows the relationship between Lemtech Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Lemtech Holdings 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 Lemtech Stock Analysis
When running Lemtech Holdings' price analysis, check to measure Lemtech Holdings' 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 Lemtech Holdings is operating at the current time. Most of Lemtech Holdings' value examination focuses on studying past and present price action to predict the probability of Lemtech Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lemtech Holdings' price. Additionally, you may evaluate how the addition of Lemtech Holdings to your portfolios can decrease your overall portfolio volatility.