Radiant Opto (Taiwan) Market Value
| 6176 Stock | TWD 190.50 0.50 0.26% |
| Symbol | Radiant |
Radiant Opto '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 Radiant Opto'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 Radiant Opto.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Radiant Opto on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Radiant Opto Electronics Corp or generate 0.0% return on investment in Radiant Opto over 30 days. Radiant Opto is related to or competes with United Microelectronics, and Winbond Electronics. Radiant Opto-Electronics Corporation designs, manufactures, assembles, and markets backlight modules and light guide pla... More
Radiant Opto 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 Radiant Opto'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 Radiant Opto Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.55 |
Radiant Opto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radiant Opto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radiant Opto's standard deviation. In reality, there are many statistical measures that can use Radiant Opto historical prices to predict the future Radiant Opto's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.0293 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4402 |
Radiant Opto Electro Backtested Returns
Radiant Opto Electro maintains Sharpe Ratio (i.e., Efficiency) of -0.0348, which implies the firm had a -0.0348% return per unit of risk over the last 3 months. Radiant Opto Electro exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Radiant Opto's Risk Adjusted Performance of 0.028, coefficient of variation of 3416.95, and Semi Deviation of 1.59 to confirm the risk estimate we provide. The company holds a Beta of 0.0937, which implies not very significant fluctuations relative to the market. As returns on the market increase, Radiant Opto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Radiant Opto is expected to be smaller as well. At this point, Radiant Opto Electro has a negative expected return of -0.0591%. Please make sure to check Radiant Opto's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Radiant Opto Electro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Radiant Opto Electronics Corp has good predictability. Overlapping area represents the amount of predictability between Radiant Opto time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Radiant Opto Electro price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Radiant Opto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 6.07 |
Radiant Opto Electro lagged returns against current returns
Autocorrelation, which is Radiant Opto 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 Radiant Opto's stock expected returns. We can calculate the autocorrelation of Radiant Opto returns to help us make a trade decision. For example, suppose you find that Radiant Opto 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 |
Radiant Opto 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 Radiant Opto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radiant Opto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radiant Opto stock over time.
Current vs Lagged Prices |
| Timeline |
Radiant Opto Lagged Returns
When evaluating Radiant Opto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radiant Opto stock have on its future price. Radiant Opto 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, Radiant Opto autocorrelation shows the relationship between Radiant Opto stock current value and its past values and can show if there is a momentum factor associated with investing in Radiant Opto Electronics Corp.
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 Radiant Stock Analysis
When running Radiant Opto's price analysis, check to measure Radiant Opto'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 Radiant Opto is operating at the current time. Most of Radiant Opto's value examination focuses on studying past and present price action to predict the probability of Radiant Opto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Opto's price. Additionally, you may evaluate how the addition of Radiant Opto to your portfolios can decrease your overall portfolio volatility.