RiTdisplay Corp (Taiwan) Market Value
| 8104 Stock | TWD 55.30 0.90 1.60% |
| Symbol | RiTdisplay |
RiTdisplay Corp '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 RiTdisplay Corp'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 RiTdisplay Corp.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in RiTdisplay Corp on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding RiTdisplay Corp or generate 0.0% return on investment in RiTdisplay Corp over 30 days. RiTdisplay Corp is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, and AU Optronics. RiTdisplay Corporation engages in the research and development, manufacture, and sale of organic light-emitting diodes i... More
RiTdisplay Corp 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 RiTdisplay Corp'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 RiTdisplay Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 16.28 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 6.7 |
RiTdisplay Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RiTdisplay Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RiTdisplay Corp's standard deviation. In reality, there are many statistical measures that can use RiTdisplay Corp historical prices to predict the future RiTdisplay Corp's volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.4153 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1321 | |||
| Treynor Ratio | 2.92 |
RiTdisplay Corp Backtested Returns
RiTdisplay Corp appears to be very steady, given 3 months investment horizon. RiTdisplay Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of standard deviation over the last 3 months. By analyzing RiTdisplay Corp's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please evaluate RiTdisplay Corp's Market Risk Adjusted Performance of 2.93, semi deviation of 2.06, and Risk Adjusted Performance of 0.1075 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RiTdisplay Corp holds a performance score of 13. The company holds a Beta of 0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, RiTdisplay Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding RiTdisplay Corp is expected to be smaller as well. Please check RiTdisplay Corp's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether RiTdisplay Corp's historical price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
RiTdisplay Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between RiTdisplay Corp time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 RiTdisplay Corp price movement. The serial correlation of -0.02 indicates that only 2.0% of current RiTdisplay Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 4.22 |
RiTdisplay Corp lagged returns against current returns
Autocorrelation, which is RiTdisplay Corp 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 RiTdisplay Corp's stock expected returns. We can calculate the autocorrelation of RiTdisplay Corp returns to help us make a trade decision. For example, suppose you find that RiTdisplay Corp 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 |
RiTdisplay Corp 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 RiTdisplay Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RiTdisplay Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RiTdisplay Corp stock over time.
Current vs Lagged Prices |
| Timeline |
RiTdisplay Corp Lagged Returns
When evaluating RiTdisplay Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RiTdisplay Corp stock have on its future price. RiTdisplay Corp 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, RiTdisplay Corp autocorrelation shows the relationship between RiTdisplay Corp stock current value and its past values and can show if there is a momentum factor associated with investing in RiTdisplay 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 RiTdisplay Stock Analysis
When running RiTdisplay Corp's price analysis, check to measure RiTdisplay Corp'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 RiTdisplay Corp is operating at the current time. Most of RiTdisplay Corp's value examination focuses on studying past and present price action to predict the probability of RiTdisplay Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RiTdisplay Corp's price. Additionally, you may evaluate how the addition of RiTdisplay Corp to your portfolios can decrease your overall portfolio volatility.