Tong Yang (Taiwan) Market Value

1319 Stock  TWD 116.50  3.50  3.10%   
Tong Yang's market value is the price at which a share of Tong Yang trades on a public exchange. It measures the collective expectations of Tong Yang Industry investors about its performance. Tong Yang is selling for under 116.50 as of the 4th of March 2025; that is 3.10 percent increase since the beginning of the trading day. The stock's lowest day price was 113.0.
With this module, you can estimate the performance of a buy and hold strategy of Tong Yang Industry and determine expected loss or profit from investing in Tong Yang over a given investment horizon. Check out Tong Yang Correlation, Tong Yang Volatility and Tong Yang Alpha and Beta module to complement your research on Tong Yang.
Symbol

Please note, there is a significant difference between Tong Yang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tong Yang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tong Yang's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Tong Yang '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 Tong Yang'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 Tong Yang.
0.00
02/02/2025
No Change 0.00  0.0 
In 31 days
03/04/2025
0.00
If you would invest  0.00  in Tong Yang on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Tong Yang Industry or generate 0.0% return on investment in Tong Yang over 30 days. Tong Yang is related to or competes with TYC Brother, Hota Industrial, Yulon, Far Eastern, and Asia Cement. ,Ltd. manufactures and sells automobile and motorcycle components in Taiwan, China, the United States, and Europe More

Tong Yang 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 Tong Yang'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 Tong Yang Industry upside and downside potential and time the market with a certain degree of confidence.

Tong Yang Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tong Yang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tong Yang's standard deviation. In reality, there are many statistical measures that can use Tong Yang historical prices to predict the future Tong Yang's volatility.
Hype
Prediction
LowEstimatedHigh
114.42116.50118.58
Details
Intrinsic
Valuation
LowRealHigh
112.80114.88116.96
Details
Naive
Forecast
LowNextHigh
112.67114.75116.83
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
107.54113.16118.78
Details

Tong Yang Industry Backtested Returns

At this stage we consider Tong Stock to be very steady. Tong Yang Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tong Yang Industry, which you can use to evaluate the volatility of the company. Please validate Tong Yang's Semi Deviation of 1.61, coefficient of variation of 2149.45, and Risk Adjusted Performance of 0.041 to confirm if the risk estimate we provide is consistent with the expected return of 0.0132%. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tong Yang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tong Yang is expected to be smaller as well. Tong Yang Industry right now has a risk of 2.08%. Please validate Tong Yang coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Tong Yang will be following its existing price patterns.

Auto-correlation

    
  0.14  

Insignificant predictability

Tong Yang Industry has insignificant predictability. Overlapping area represents the amount of predictability between Tong Yang time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tong Yang Industry price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Tong Yang price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test0.3
Residual Average0.0
Price Variance4.41

Tong Yang Industry lagged returns against current returns

Autocorrelation, which is Tong Yang 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 Tong Yang's stock expected returns. We can calculate the autocorrelation of Tong Yang returns to help us make a trade decision. For example, suppose you find that Tong Yang 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  

Tong Yang 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 Tong Yang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tong Yang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tong Yang stock over time.
   Current vs Lagged Prices   
       Timeline  

Tong Yang Lagged Returns

When evaluating Tong Yang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tong Yang stock have on its future price. Tong Yang 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, Tong Yang autocorrelation shows the relationship between Tong Yang stock current value and its past values and can show if there is a momentum factor associated with investing in Tong Yang Industry.
   Regressed Prices   
       Timeline  

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Additional Tools for Tong Stock Analysis

When running Tong Yang's price analysis, check to measure Tong Yang'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 Tong Yang is operating at the current time. Most of Tong Yang's value examination focuses on studying past and present price action to predict the probability of Tong Yang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Yang's price. Additionally, you may evaluate how the addition of Tong Yang to your portfolios can decrease your overall portfolio volatility.