Delpha Construction (Taiwan) Market Value
| 2530 Stock | TWD 48.90 0.70 1.41% |
| Symbol | Delpha |
Delpha Construction '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 Delpha Construction'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 Delpha Construction.
| 05/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in Delpha Construction on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Delpha Construction Co or generate 0.0% return on investment in Delpha Construction over 30 days. Delpha Construction is related to or competes with BES Engineering, Kindom Construction, Hung Sheng, Cathay Real, and Da Cin. Delpha Construction Co., Ltd., together with its subsidiaries, constructs commercial buildings More
Delpha Construction 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 Delpha Construction'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 Delpha Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.1507 | |||
| Maximum Drawdown | 14.6 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 4.96 |
Delpha Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delpha Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delpha Construction's standard deviation. In reality, there are many statistical measures that can use Delpha Construction historical prices to predict the future Delpha Construction's volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.4148 | |||
| Total Risk Alpha | 0.3697 | |||
| Sortino Ratio | 0.1403 | |||
| Treynor Ratio | (0.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delpha Construction's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Delpha Construction Backtested Returns
Delpha Construction appears to be very steady, given 3 months investment horizon. Delpha Construction secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Delpha Construction Co, which you can use to evaluate the volatility of the firm. Please utilize Delpha Construction's Mean Deviation of 1.94, coefficient of variation of 632.84, and Downside Deviation of 2.85 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Delpha Construction holds a performance score of 11. The firm shows a Beta (market volatility) of -0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Delpha Construction are expected to decrease at a much lower rate. During the bear market, Delpha Construction is likely to outperform the market. Please check Delpha Construction's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Delpha Construction's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Delpha Construction Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Delpha Construction time series from 6th of May 2024 to 21st of May 2024 and 21st of May 2024 to 5th of June 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 Delpha Construction price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Delpha Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Delpha Construction lagged returns against current returns
Autocorrelation, which is Delpha Construction 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 Delpha Construction's stock expected returns. We can calculate the autocorrelation of Delpha Construction returns to help us make a trade decision. For example, suppose you find that Delpha Construction 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 |
Delpha Construction 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 Delpha Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delpha Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delpha Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Delpha Construction Lagged Returns
When evaluating Delpha Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delpha Construction stock have on its future price. Delpha Construction 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, Delpha Construction autocorrelation shows the relationship between Delpha Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Delpha Construction Co.
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 Delpha Stock Analysis
When running Delpha Construction's price analysis, check to measure Delpha Construction'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 Delpha Construction is operating at the current time. Most of Delpha Construction's value examination focuses on studying past and present price action to predict the probability of Delpha Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delpha Construction's price. Additionally, you may evaluate how the addition of Delpha Construction to your portfolios can decrease your overall portfolio volatility.