Taiwan Cement (Taiwan) Market Value
| 1101B Stock | TWD 46.35 0.05 0.11% |
| Symbol | Taiwan |
Taiwan Cement '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 Taiwan Cement'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 Taiwan Cement.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Taiwan Cement on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Cement Corp or generate 0.0% return on investment in Taiwan Cement over 180 days. Taiwan Cement is related to or competes with Taiwan Cement, Asia Cement, Goldsun Building, Universal Cement, Huang Hsiang, and Chia Hsin. Taiwan Cement Corporation manufactures and markets cement, cement-related products, and ready mix concrete in Taiwan More
Taiwan Cement 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 Taiwan Cement'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 Taiwan Cement Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 0.6432 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.2155 |
Taiwan Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Cement's standard deviation. In reality, there are many statistical measures that can use Taiwan Cement historical prices to predict the future Taiwan Cement's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (4.91) |
Taiwan Cement Corp Backtested Returns
Taiwan Cement Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Taiwan Cement Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Cement's Risk Adjusted Performance of (0.21), coefficient of variation of (509.76), and Variance of 0.0173 to confirm the risk estimate we provide. The entity has a beta of 0.0073, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Cement's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Cement is expected to be smaller as well. At this point, Taiwan Cement Corp has a negative expected return of -0.0203%. Please make sure to validate Taiwan Cement's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Taiwan Cement Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Taiwan Cement Corp has weak predictability. Overlapping area represents the amount of predictability between Taiwan Cement time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Taiwan Cement Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Taiwan Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Taiwan Cement Corp lagged returns against current returns
Autocorrelation, which is Taiwan Cement 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 Taiwan Cement's stock expected returns. We can calculate the autocorrelation of Taiwan Cement returns to help us make a trade decision. For example, suppose you find that Taiwan Cement 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 |
Taiwan Cement 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 Taiwan Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Cement Lagged Returns
When evaluating Taiwan Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Cement stock have on its future price. Taiwan Cement 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, Taiwan Cement autocorrelation shows the relationship between Taiwan Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Cement 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 Taiwan Stock Analysis
When running Taiwan Cement's price analysis, check to measure Taiwan Cement'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 Taiwan Cement is operating at the current time. Most of Taiwan Cement's value examination focuses on studying past and present price action to predict the probability of Taiwan Cement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Cement's price. Additionally, you may evaluate how the addition of Taiwan Cement to your portfolios can decrease your overall portfolio volatility.