Leader Electronics (Taiwan) Market Value
| 3058 Stock | TWD 17.35 0.90 4.93% |
| Symbol | Leader |
Leader 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 Leader 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 Leader Electronics.
| 09/13/2022 |
| 08/03/2024 |
If you would invest 0.00 in Leader Electronics on September 13, 2022 and sell it all today you would earn a total of 0.00 from holding Leader Electronics or generate 0.0% return on investment in Leader Electronics over 690 days. Leader Electronics is related to or competes with Wan Hai, Eva Airways, and China Steel. Leader Electronics Inc. provides power adapters and transformers in Taiwan and internationally More
Leader 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 Leader 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 Leader Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.43 |
Leader Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leader Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leader Electronics' standard deviation. In reality, there are many statistical measures that can use Leader Electronics historical prices to predict the future Leader Electronics' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 1.45 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leader Electronics' 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.
Leader Electronics Backtested Returns
Leader Electronics has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Leader Electronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leader Electronics' Standard Deviation of 1.9, risk adjusted performance of (0.1), and Mean Deviation of 1.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Leader Electronics are expected to decrease at a much lower rate. During the bear market, Leader Electronics is likely to outperform the market. At this point, Leader Electronics has a negative expected return of -0.25%. Please make sure to verify Leader Electronics' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Leader Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Leader Electronics has below average predictability. Overlapping area represents the amount of predictability between Leader Electronics time series from 13th of September 2022 to 24th of August 2023 and 24th of August 2023 to 3rd of August 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 Leader Electronics price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Leader Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.52 |
Leader Electronics lagged returns against current returns
Autocorrelation, which is Leader 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 Leader Electronics' stock expected returns. We can calculate the autocorrelation of Leader Electronics returns to help us make a trade decision. For example, suppose you find that Leader 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 |
Leader 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 Leader Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leader Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leader Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Leader Electronics Lagged Returns
When evaluating Leader Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leader Electronics stock have on its future price. Leader 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, Leader Electronics autocorrelation shows the relationship between Leader Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Leader Electronics.
Regressed Prices |
| Timeline |
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Additional Tools for Leader Stock Analysis
When running Leader Electronics' price analysis, check to measure Leader 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 Leader Electronics is operating at the current time. Most of Leader Electronics' value examination focuses on studying past and present price action to predict the probability of Leader Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leader Electronics' price. Additionally, you may evaluate how the addition of Leader Electronics to your portfolios can decrease your overall portfolio volatility.