Far Eastern (Taiwan) Market Value
| 1402 Stock | TWD 33.40 0.70 2.05% |
| Symbol | Far |
Far Eastern '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 Far Eastern'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 Far Eastern.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Far Eastern on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Far Eastern New or generate 0.0% return on investment in Far Eastern over 30 days. Far Eastern is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Far Eastern New Century Corporation manufactures and sells polyester materials, and semi-finished and finished textiles ... More
Far Eastern 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 Far Eastern'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 Far Eastern New upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 1.75 |
Far Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Far Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Far Eastern's standard deviation. In reality, there are many statistical measures that can use Far Eastern historical prices to predict the future Far Eastern's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.4095 |
Far Eastern New Backtested Returns
Far Eastern New secures Sharpe Ratio (or Efficiency) of -0.0626, which denotes the company had a -0.0626% return per unit of risk over the last 3 months. Far Eastern New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Far Eastern's Variance of 2.35, mean deviation of 1.17, and Standard Deviation of 1.53 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Far Eastern are expected to decrease at a much lower rate. During the bear market, Far Eastern is likely to outperform the market. At this point, Far Eastern New has a negative expected return of -0.098%. Please make sure to confirm Far Eastern's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Far Eastern New performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Far Eastern New has modest predictability. Overlapping area represents the amount of predictability between Far Eastern time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Far Eastern New price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Far Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.75 |
Far Eastern New lagged returns against current returns
Autocorrelation, which is Far Eastern 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 Far Eastern's stock expected returns. We can calculate the autocorrelation of Far Eastern returns to help us make a trade decision. For example, suppose you find that Far Eastern 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 |
Far Eastern 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 Far Eastern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Far Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Far Eastern stock over time.
Current vs Lagged Prices |
| Timeline |
Far Eastern Lagged Returns
When evaluating Far Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Far Eastern stock have on its future price. Far Eastern 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, Far Eastern autocorrelation shows the relationship between Far Eastern stock current value and its past values and can show if there is a momentum factor associated with investing in Far Eastern New.
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 Far Stock Analysis
When running Far Eastern's price analysis, check to measure Far Eastern'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 Far Eastern is operating at the current time. Most of Far Eastern's value examination focuses on studying past and present price action to predict the probability of Far Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Far Eastern's price. Additionally, you may evaluate how the addition of Far Eastern to your portfolios can decrease your overall portfolio volatility.