Lungyen Life (Taiwan) Market Value
| 5530 Stock | TWD 54.30 0.50 0.91% |
| Symbol | Lungyen |
Lungyen Life '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 Lungyen Life'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 Lungyen Life.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Lungyen Life on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Lungyen Life Service or generate 0.0% return on investment in Lungyen Life over 30 days. Lungyen Life is related to or competes with Da Lue, Lian Hwa, Wiwynn Corp, Asmedia Technology, Asustek Computer, and Jentech Precision. More
Lungyen Life 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 Lungyen Life'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 Lungyen Life Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.1137 | |||
| Maximum Drawdown | 8.61 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.96 |
Lungyen Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lungyen Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lungyen Life's standard deviation. In reality, there are many statistical measures that can use Lungyen Life historical prices to predict the future Lungyen Life's volatility.| Risk Adjusted Performance | 0.1112 | |||
| Jensen Alpha | 0.2045 | |||
| Total Risk Alpha | 0.1576 | |||
| Sortino Ratio | 0.1431 | |||
| Treynor Ratio | (1.70) |
Lungyen Life Service Backtested Returns
Lungyen Life appears to be very steady, given 3 months investment horizon. Lungyen Life Service has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lungyen Life, which you can use to evaluate the volatility of the firm. Please exercise Lungyen Life's Mean Deviation of 1.15, downside deviation of 1.26, and Risk Adjusted Performance of 0.1112 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lungyen Life holds a performance score of 10. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lungyen Life are expected to decrease at a much lower rate. During the bear market, Lungyen Life is likely to outperform the market. Please check Lungyen Life's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Lungyen Life's current price movements will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Lungyen Life Service has weak reverse predictability. Overlapping area represents the amount of predictability between Lungyen Life time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Lungyen Life Service price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Lungyen Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Lungyen Life Service lagged returns against current returns
Autocorrelation, which is Lungyen Life 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 Lungyen Life's stock expected returns. We can calculate the autocorrelation of Lungyen Life returns to help us make a trade decision. For example, suppose you find that Lungyen Life 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 |
Lungyen Life 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 Lungyen Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lungyen Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lungyen Life stock over time.
Current vs Lagged Prices |
| Timeline |
Lungyen Life Lagged Returns
When evaluating Lungyen Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lungyen Life stock have on its future price. Lungyen Life 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, Lungyen Life autocorrelation shows the relationship between Lungyen Life stock current value and its past values and can show if there is a momentum factor associated with investing in Lungyen Life Service.
Regressed Prices |
| Timeline |
Pair Trading with Lungyen Life
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lungyen Life position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lungyen Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Lungyen Stock
Moving against Lungyen Stock
The ability to find closely correlated positions to Lungyen Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lungyen Life when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lungyen Life - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lungyen Life Service to buy it.
The correlation of Lungyen Life is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lungyen Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lungyen Life Service moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lungyen Life can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Lungyen Stock Analysis
When running Lungyen Life's price analysis, check to measure Lungyen Life'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 Lungyen Life is operating at the current time. Most of Lungyen Life's value examination focuses on studying past and present price action to predict the probability of Lungyen Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lungyen Life's price. Additionally, you may evaluate how the addition of Lungyen Life to your portfolios can decrease your overall portfolio volatility.