Fulin Plastic (Taiwan) Market Value
| 1341 Stock | TWD 67.20 0.20 0.30% |
| Symbol | Fulin |
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.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Fulin Plastic on November 14, 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.
| Downside Deviation | 0.7563 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 1.34 |
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.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.01) |
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 0.0033, which denotes the company had a 0.0033% 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 Coefficient Of Variation of 5826.58, downside deviation of 0.7563, and Mean Deviation of 0.4264 to check if the risk estimate we provide is consistent with the expected return of 0.0022%. 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 | 0.22 |
Weak predictability
Fulin Plastic Industry has weak predictability. Overlapping area represents the amount of predictability between Fulin Plastic time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 0.22 indicates that over 22.0% of current Fulin Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
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 |
Also Currently Popular
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 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.