Cameo Communications (Taiwan) Market Value
| 6142 Stock | TWD 11.70 0.60 4.88% |
| Symbol | Cameo |
Cameo Communications '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 Cameo Communications' 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 Cameo Communications.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Cameo Communications on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Cameo Communications or generate 0.0% return on investment in Cameo Communications over 540 days. Cameo Communications is related to or competes with Gemtek Technology, CyberTAN Technology, Alpha Networks, D Link, and Wistron NeWeb. Cameo Communications, Inc. manufactures and assembles computer network communication equipment and communication product... More
Cameo Communications 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 Cameo Communications' 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 Cameo Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.09 |
Cameo Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cameo Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cameo Communications' standard deviation. In reality, there are many statistical measures that can use Cameo Communications historical prices to predict the future Cameo Communications' volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | 0.2355 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0398 | |||
| Treynor Ratio | (3.87) |
Cameo Communications Backtested Returns
Cameo Communications appears to be somewhat reliable, given 3 months investment horizon. Cameo Communications secures Sharpe Ratio (or Efficiency) of 0.0757, which signifies that the company had a 0.0757% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cameo Communications, which you can use to evaluate the volatility of the firm. Please makes use of Cameo Communications' Mean Deviation of 2.21, downside deviation of 2.84, and Risk Adjusted Performance of 0.0673 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cameo Communications holds a performance score of 5. The firm shows a Beta (market volatility) of -0.0591, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cameo Communications are expected to decrease at a much lower rate. During the bear market, Cameo Communications is likely to outperform the market. Please check Cameo Communications' 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 Cameo Communications' price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Cameo Communications has modest reverse predictability. Overlapping area represents the amount of predictability between Cameo Communications time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Cameo Communications price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Cameo Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Cameo Communications lagged returns against current returns
Autocorrelation, which is Cameo Communications 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 Cameo Communications' stock expected returns. We can calculate the autocorrelation of Cameo Communications returns to help us make a trade decision. For example, suppose you find that Cameo Communications 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 |
Cameo Communications 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 Cameo Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cameo Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cameo Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Cameo Communications Lagged Returns
When evaluating Cameo Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cameo Communications stock have on its future price. Cameo Communications 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, Cameo Communications autocorrelation shows the relationship between Cameo Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Cameo Communications.
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 Cameo Stock Analysis
When running Cameo Communications' price analysis, check to measure Cameo Communications' 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 Cameo Communications is operating at the current time. Most of Cameo Communications' value examination focuses on studying past and present price action to predict the probability of Cameo Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cameo Communications' price. Additionally, you may evaluate how the addition of Cameo Communications to your portfolios can decrease your overall portfolio volatility.