Taita Chemical (Taiwan) Market Value
| 1309 Stock | TWD 15.25 0.45 2.87% |
| Symbol | Taita |
Taita Chemical '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 Taita Chemical'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 Taita Chemical.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Taita Chemical on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Taita Chemical Co or generate 0.0% return on investment in Taita Chemical over 720 days. Taita Chemical is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Taita Chemical Company, Limited produces and sells styrenics in Taiwan, Mainland China, Hong Kong, and the United States More
Taita Chemical 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 Taita Chemical'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 Taita Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 3.78 |
Taita Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taita Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taita Chemical's standard deviation. In reality, there are many statistical measures that can use Taita Chemical historical prices to predict the future Taita Chemical's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 75.94 |
Taita Chemical Backtested Returns
Taita Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Taita Chemical Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taita Chemical's Variance of 6.4, coefficient of variation of (1,248), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.0028, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taita Chemical are expected to decrease at a much lower rate. During the bear market, Taita Chemical is likely to outperform the market. At this point, Taita Chemical has a negative expected return of -0.37%. Please make sure to validate Taita Chemical's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taita Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Taita Chemical Co has modest reverse predictability. Overlapping area represents the amount of predictability between Taita Chemical time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 Taita Chemical price movement. The serial correlation of -0.46 indicates that about 46.0% of current Taita Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
Taita Chemical lagged returns against current returns
Autocorrelation, which is Taita Chemical 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 Taita Chemical's stock expected returns. We can calculate the autocorrelation of Taita Chemical returns to help us make a trade decision. For example, suppose you find that Taita Chemical 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 |
Taita Chemical 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 Taita Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taita Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taita Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Taita Chemical Lagged Returns
When evaluating Taita Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taita Chemical stock have on its future price. Taita Chemical 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, Taita Chemical autocorrelation shows the relationship between Taita Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Taita Chemical 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 Taita Stock Analysis
When running Taita Chemical's price analysis, check to measure Taita Chemical'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 Taita Chemical is operating at the current time. Most of Taita Chemical's value examination focuses on studying past and present price action to predict the probability of Taita Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taita Chemical's price. Additionally, you may evaluate how the addition of Taita Chemical to your portfolios can decrease your overall portfolio volatility.