Lumax International (Taiwan) Market Value
| 6192 Stock | TWD 108.50 1.00 0.91% |
| Symbol | Lumax |
Lumax International '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 Lumax International'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 Lumax International.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Lumax International on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Lumax International Corp or generate 0.0% return on investment in Lumax International over 720 days. Lumax International is related to or competes with Syscom Computer, Jetwell Computer, Silicon Power, Sunfar Computer, RiTdisplay Corp, Dimension Computer, and Loop Telecommunicatio. Lumax International Corp., Ltd. engages in the wholesale of electronic materials in Taiwan and China More
Lumax International 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 Lumax International'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 Lumax International Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.65 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.31 |
Lumax International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lumax International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lumax International's standard deviation. In reality, there are many statistical measures that can use Lumax International historical prices to predict the future Lumax International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.31) |
Lumax International Corp Backtested Returns
Lumax International Corp has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Lumax International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lumax International's Mean Deviation of 1.11, risk adjusted performance of (0.05), and Standard Deviation of 1.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lumax International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lumax International is expected to be smaller as well. At this point, Lumax International Corp has a negative expected return of -0.15%. Please make sure to verify Lumax International's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Lumax International Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Lumax International Corp has modest predictability. Overlapping area represents the amount of predictability between Lumax International time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 Lumax International Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current Lumax International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 104.53 |
Lumax International Corp lagged returns against current returns
Autocorrelation, which is Lumax International 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 Lumax International's stock expected returns. We can calculate the autocorrelation of Lumax International returns to help us make a trade decision. For example, suppose you find that Lumax International 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 |
Lumax International 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 Lumax International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lumax International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lumax International stock over time.
Current vs Lagged Prices |
| Timeline |
Lumax International Lagged Returns
When evaluating Lumax International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lumax International stock have on its future price. Lumax International 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, Lumax International autocorrelation shows the relationship between Lumax International stock current value and its past values and can show if there is a momentum factor associated with investing in Lumax International Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Lumax Stock Analysis
When running Lumax International's price analysis, check to measure Lumax International'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 Lumax International is operating at the current time. Most of Lumax International's value examination focuses on studying past and present price action to predict the probability of Lumax International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumax International's price. Additionally, you may evaluate how the addition of Lumax International to your portfolios can decrease your overall portfolio volatility.