Taisun Enterprise (Taiwan) Market Value
| 1218 Stock | TWD 20.95 0.05 0.24% |
| Symbol | Taisun |
Taisun Enterprise '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 Taisun Enterprise'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 Taisun Enterprise.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Taisun Enterprise on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Taisun Enterprise Co or generate 0.0% return on investment in Taisun Enterprise over 30 days. Taisun Enterprise is related to or competes with AGV Products, Wei Chuan, Chia Hsin, Grand Pacific, and USI Corp. Taisun Enterprise Co., Ltd. operates in the food and beverage industry in Taiwan More
Taisun Enterprise 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 Taisun Enterprise'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 Taisun Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8693 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.44 |
Taisun Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taisun Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taisun Enterprise's standard deviation. In reality, there are many statistical measures that can use Taisun Enterprise historical prices to predict the future Taisun Enterprise's volatility.| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0511 |
Taisun Enterprise Backtested Returns
At this stage we consider Taisun Stock to be very steady. Taisun Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0826, which indicates the firm had a 0.0826% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taisun Enterprise Co, which you can use to evaluate the volatility of the company. Please validate Taisun Enterprise's Risk Adjusted Performance of 0.0172, coefficient of variation of 4847.95, and Semi Deviation of 0.7308 to confirm if the risk estimate we provide is consistent with the expected return of 0.0658%. Taisun Enterprise has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taisun Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taisun Enterprise is expected to be smaller as well. Taisun Enterprise right now has a risk of 0.8%. Please validate Taisun Enterprise mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Taisun Enterprise will be following its existing price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Taisun Enterprise Co has modest reverse predictability. Overlapping area represents the amount of predictability between Taisun Enterprise time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Taisun Enterprise price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Taisun Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Taisun Enterprise lagged returns against current returns
Autocorrelation, which is Taisun Enterprise 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 Taisun Enterprise's stock expected returns. We can calculate the autocorrelation of Taisun Enterprise returns to help us make a trade decision. For example, suppose you find that Taisun Enterprise 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 |
Taisun Enterprise 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 Taisun Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taisun Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taisun Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Taisun Enterprise Lagged Returns
When evaluating Taisun Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taisun Enterprise stock have on its future price. Taisun Enterprise 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, Taisun Enterprise autocorrelation shows the relationship between Taisun Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Taisun Enterprise 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 Taisun Stock Analysis
When running Taisun Enterprise's price analysis, check to measure Taisun Enterprise'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 Taisun Enterprise is operating at the current time. Most of Taisun Enterprise's value examination focuses on studying past and present price action to predict the probability of Taisun Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taisun Enterprise's price. Additionally, you may evaluate how the addition of Taisun Enterprise to your portfolios can decrease your overall portfolio volatility.