Ennoconn Corp (Taiwan) Market Value
| 6414 Stock | TWD 345.50 3.50 1.00% |
| Symbol | Ennoconn |
Ennoconn 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 Ennoconn 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 Ennoconn Corp.
| 04/18/2023 |
| 07/11/2024 |
If you would invest 0.00 in Ennoconn Corp on April 18, 2023 and sell it all today you would earn a total of 0.00 from holding Ennoconn Corp or generate 0.0% return on investment in Ennoconn Corp over 450 days. Ennoconn Corp is related to or competes with Symtek Automation, Leader Electronics, Information Technology, Cathay Financial, Hiwin Mikrosystem, ATrack Technology, and Chong Hong. Ennoconn Corporation designs and develops industrial mother boards in Taiwan and internationally More
Ennoconn 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 Ennoconn 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 Ennoconn Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.06 |
Ennoconn Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ennoconn Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ennoconn Corp's standard deviation. In reality, there are many statistical measures that can use Ennoconn Corp historical prices to predict the future Ennoconn Corp's volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0015 | |||
| Treynor Ratio | (0.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ennoconn Corp'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.
Ennoconn Corp Backtested Returns
At this stage we consider Ennoconn Stock to be very steady. Ennoconn Corp secures Sharpe Ratio (or Efficiency) of 0.0128, which denotes the company had a 0.0128% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ennoconn Corp, which you can use to evaluate the volatility of the firm. Please confirm Ennoconn Corp's Mean Deviation of 1.37, downside deviation of 1.79, and Coefficient Of Variation of 5041.87 to check if the risk estimate we provide is consistent with the expected return of 0.0235%. Ennoconn Corp has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0893, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ennoconn Corp are expected to decrease at a much lower rate. During the bear market, Ennoconn Corp is likely to outperform the market. Ennoconn Corp right now shows a risk of 1.84%. Please confirm Ennoconn Corp downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Ennoconn Corp will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Ennoconn Corp has insignificant predictability. Overlapping area represents the amount of predictability between Ennoconn Corp time series from 18th of April 2023 to 29th of November 2023 and 29th of November 2023 to 11th of July 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 Ennoconn Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Ennoconn Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 865.44 |
Ennoconn Corp lagged returns against current returns
Autocorrelation, which is Ennoconn 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 Ennoconn Corp's stock expected returns. We can calculate the autocorrelation of Ennoconn Corp returns to help us make a trade decision. For example, suppose you find that Ennoconn 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 |
Ennoconn 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 Ennoconn Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ennoconn Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ennoconn Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Ennoconn Corp Lagged Returns
When evaluating Ennoconn Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ennoconn Corp stock have on its future price. Ennoconn 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, Ennoconn Corp autocorrelation shows the relationship between Ennoconn Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Ennoconn 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 Ennoconn Stock Analysis
When running Ennoconn Corp's price analysis, check to measure Ennoconn 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 Ennoconn Corp is operating at the current time. Most of Ennoconn Corp's value examination focuses on studying past and present price action to predict the probability of Ennoconn 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 Ennoconn Corp's price. Additionally, you may evaluate how the addition of Ennoconn Corp to your portfolios can decrease your overall portfolio volatility.