Lanner Electronics (Taiwan) Market Value
| 6245 Stock | TWD 93.30 0.70 0.74% |
| Symbol | Lanner |
Lanner Electronics '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 Lanner Electronics' 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 Lanner Electronics.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Lanner Electronics on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Lanner Electronics or generate 0.0% return on investment in Lanner Electronics over 180 days. Lanner Electronics is related to or competes with Advantech, Phison Electronics, Axiomtek, and Simplo Technology. Lanner Electronics Inc. provides design, engineering, and manufacturing services for advanced network appliances and rug... More
Lanner Electronics 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 Lanner Electronics' 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 Lanner Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.75 |
Lanner Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lanner Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lanner Electronics' standard deviation. In reality, there are many statistical measures that can use Lanner Electronics historical prices to predict the future Lanner Electronics' volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | 0.0097 | |||
| Sortino Ratio | 0.0185 | |||
| Treynor Ratio | 0.2083 |
Lanner Electronics Backtested Returns
At this stage we consider Lanner Stock to be very steady. Lanner Electronics has Sharpe Ratio of 0.0621, which conveys that the firm had a 0.0621% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lanner Electronics, which you can use to evaluate the volatility of the firm. Please verify Lanner Electronics' Risk Adjusted Performance of 0.0382, downside deviation of 1.27, and Mean Deviation of 0.9518 to check out if the risk estimate we provide is consistent with the expected return of 0.0801%. Lanner Electronics has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lanner Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Lanner Electronics is expected to be smaller as well. Lanner Electronics right now secures a risk of 1.29%. Please verify Lanner Electronics information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Lanner Electronics will be following its current price movements.
Auto-correlation | -0.01 |
Very weak reverse predictability
Lanner Electronics has very weak reverse predictability. Overlapping area represents the amount of predictability between Lanner Electronics time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Lanner Electronics price movement. The serial correlation of -0.01 indicates that just 1.0% of current Lanner Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.47 |
Lanner Electronics lagged returns against current returns
Autocorrelation, which is Lanner Electronics 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 Lanner Electronics' stock expected returns. We can calculate the autocorrelation of Lanner Electronics returns to help us make a trade decision. For example, suppose you find that Lanner Electronics 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 |
Lanner Electronics 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 Lanner Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lanner Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lanner Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Lanner Electronics Lagged Returns
When evaluating Lanner Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lanner Electronics stock have on its future price. Lanner Electronics 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, Lanner Electronics autocorrelation shows the relationship between Lanner Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Lanner Electronics.
Regressed Prices |
| Timeline |
Pair Trading with Lanner Electronics
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 Lanner Electronics 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 Lanner Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against Lanner Stock
The ability to find closely correlated positions to Lanner Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lanner Electronics 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 Lanner Electronics - 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 Lanner Electronics to buy it.
The correlation of Lanner Electronics 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 Lanner Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lanner Electronics 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 Lanner Electronics 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 Lanner Stock Analysis
When running Lanner Electronics' price analysis, check to measure Lanner Electronics' 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 Lanner Electronics is operating at the current time. Most of Lanner Electronics' value examination focuses on studying past and present price action to predict the probability of Lanner Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lanner Electronics' price. Additionally, you may evaluate how the addition of Lanner Electronics to your portfolios can decrease your overall portfolio volatility.