Fulin Plastic (Taiwan) Market Value

1341 Stock  TWD 67.20  0.20  0.30%   
Fulin Plastic's market value is the price at which a share of Fulin Plastic trades on a public exchange. It measures the collective expectations of Fulin Plastic Industry investors about its performance. Fulin Plastic is selling for under 67.20 as of the 15th of December 2024; that is 0.3 percent decrease since the beginning of the trading day. The stock's lowest day price was 67.2.
With this module, you can estimate the performance of a buy and hold strategy of Fulin Plastic Industry and determine expected loss or profit from investing in Fulin Plastic over a given investment horizon. Check out Fulin Plastic Correlation, Fulin Plastic Volatility and Fulin Plastic Alpha and Beta module to complement your research on Fulin Plastic.
Symbol

Please note, there is a significant difference between Fulin Plastic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fulin Plastic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fulin Plastic'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.

Fulin Plastic '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 Fulin Plastic'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 Fulin Plastic.
0.00
11/15/2024
No Change 0.00  0.0 
In 30 days
12/15/2024
0.00
If you would invest  0.00  in Fulin Plastic on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fulin Plastic Industry or generate 0.0% return on investment in Fulin Plastic over 30 days. Fulin Plastic is related to or competes with Eclat Textile, Ruentex Industries, Shinkong Synthetic, Taiwan Paiho, and Baotek Industrial. Fulin Plastic Industry Holding Co., Ltd. engages in the production and sale of various polyvinyl chloride artificial lea... More

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

Fulin Plastic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fulin Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fulin Plastic's standard deviation. In reality, there are many statistical measures that can use Fulin Plastic historical prices to predict the future Fulin Plastic's volatility.
Hype
Prediction
LowEstimatedHigh
66.5467.2067.86
Details
Intrinsic
Valuation
LowRealHigh
65.6666.3273.92
Details
Naive
Forecast
LowNextHigh
66.2766.9467.60
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
66.5667.6668.77
Details

Fulin Plastic Industry Backtested Returns

At this stage we consider Fulin Stock to be very steady. Fulin Plastic Industry secures Sharpe Ratio (or Efficiency) of 0.0032, which denotes the company had a 0.0032% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fulin Plastic Industry, which you can use to evaluate the volatility of the firm. Please confirm Fulin Plastic's Mean Deviation of 0.4264, coefficient of variation of 5826.58, and Downside Deviation of 0.7563 to check if the risk estimate we provide is consistent with the expected return of 0.0021%. The firm shows a Beta (market volatility) of -0.0912, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fulin Plastic are expected to decrease at a much lower rate. During the bear market, Fulin Plastic is likely to outperform the market. Fulin Plastic Industry right now shows a risk of 0.66%. Please confirm Fulin Plastic Industry coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Fulin Plastic Industry will be following its price patterns.

Auto-correlation

    
  0.26  

Poor predictability

Fulin Plastic Industry has poor predictability. Overlapping area represents the amount of predictability between Fulin Plastic time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Fulin Plastic Industry price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Fulin Plastic price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test-0.52
Residual Average0.0
Price Variance0.2

Fulin Plastic Industry lagged returns against current returns

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

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

Fulin Plastic Lagged Returns

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

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Additional Tools for Fulin Stock Analysis

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