X Legend (Taiwan) Market Value
| 4994 Stock | TWD 108.50 1.50 1.40% |
| Symbol | 4994 |
X Legend '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 X Legend'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 X Legend.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in X Legend on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding X Legend Entertainment Co or generate 0.0% return on investment in X Legend over 180 days. X Legend is related to or competes with Abnova Taiwan, Cheng Mei, BizLink Holding, Lemtech Holdings, and Chia Chang. X-Legend Entertainment Co., Ltd., together with its subsidiaries, researches, develops, publishes, operates, markets, an... More
X Legend 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 X Legend'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 X Legend Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 1.99 |
X Legend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for X Legend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as X Legend's standard deviation. In reality, there are many statistical measures that can use X Legend historical prices to predict the future X Legend's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.65) |
X Legend Entertainment Backtested Returns
X Legend Entertainment shows Sharpe Ratio of -0.0447, which attests that the company had a -0.0447% return per unit of standard deviation over the last 3 months. X Legend Entertainment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out X Legend's Standard Deviation of 1.41, risk adjusted performance of (0.03), and Mean Deviation of 1.04 to validate the risk estimate we provide. The firm maintains a market beta of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, X Legend's returns are expected to increase less than the market. However, during the bear market, the loss of holding X Legend is expected to be smaller as well. At this point, X Legend Entertainment has a negative expected return of -0.0636%. Please make sure to check out X Legend's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if X Legend Entertainment performance from the past will be repeated at some future date.
Auto-correlation | 0.77 |
Good predictability
X Legend Entertainment Co has good predictability. Overlapping area represents the amount of predictability between X Legend time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 X Legend Entertainment price movement. The serial correlation of 0.77 indicates that around 77.0% of current X Legend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 32.81 |
X Legend Entertainment lagged returns against current returns
Autocorrelation, which is X Legend 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 X Legend's stock expected returns. We can calculate the autocorrelation of X Legend returns to help us make a trade decision. For example, suppose you find that X Legend 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 |
X Legend 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 X Legend stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if X Legend stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in X Legend stock over time.
Current vs Lagged Prices |
| Timeline |
X Legend Lagged Returns
When evaluating X Legend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of X Legend stock have on its future price. X Legend 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, X Legend autocorrelation shows the relationship between X Legend stock current value and its past values and can show if there is a momentum factor associated with investing in X Legend Entertainment 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 4994 Stock Analysis
When running X Legend's price analysis, check to measure X Legend'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 X Legend is operating at the current time. Most of X Legend's value examination focuses on studying past and present price action to predict the probability of X Legend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move X Legend's price. Additionally, you may evaluate how the addition of X Legend to your portfolios can decrease your overall portfolio volatility.