Tah Tong (Taiwan) Market Value
| 1441 Stock | TWD 14.00 0.10 0.71% |
| Symbol | Tah |
Tah Tong '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 Tah Tong'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 Tah Tong.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Tah Tong on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Tah Tong Textile or generate 0.0% return on investment in Tah Tong over 180 days. Tah Tong is related to or competes with WinMate Communication, Sinopower Semiconductor, Winstek Semiconductor, Kworld Computer, Jetwell Computer, Far EasTone, and Davicom Semiconductor. Tah Tong Textile Co., Ltd. engages in the design, research, development, and trading of functional micro-fiber yarns and... More
Tah Tong 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 Tah Tong'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 Tah Tong Textile upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 6.28 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 1.72 |
Tah Tong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tah Tong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tah Tong's standard deviation. In reality, there are many statistical measures that can use Tah Tong historical prices to predict the future Tah Tong's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.56) |
Tah Tong Textile Backtested Returns
Tah Tong Textile owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Tah Tong Textile exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tah Tong's Coefficient Of Variation of (617.82), variance of 1.65, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tah Tong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tah Tong is expected to be smaller as well. At this point, Tah Tong Textile has a negative expected return of -0.2%. Please make sure to validate Tah Tong's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Tah Tong Textile performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Tah Tong Textile has good reverse predictability. Overlapping area represents the amount of predictability between Tah Tong time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Tah Tong Textile price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Tah Tong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Tah Tong Textile lagged returns against current returns
Autocorrelation, which is Tah Tong 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 Tah Tong's stock expected returns. We can calculate the autocorrelation of Tah Tong returns to help us make a trade decision. For example, suppose you find that Tah Tong 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 |
Tah Tong 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 Tah Tong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tah Tong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tah Tong stock over time.
Current vs Lagged Prices |
| Timeline |
Tah Tong Lagged Returns
When evaluating Tah Tong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tah Tong stock have on its future price. Tah Tong 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, Tah Tong autocorrelation shows the relationship between Tah Tong stock current value and its past values and can show if there is a momentum factor associated with investing in Tah Tong Textile.
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 Tah Stock Analysis
When running Tah Tong's price analysis, check to measure Tah Tong'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 Tah Tong is operating at the current time. Most of Tah Tong's value examination focuses on studying past and present price action to predict the probability of Tah Tong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tah Tong's price. Additionally, you may evaluate how the addition of Tah Tong to your portfolios can decrease your overall portfolio volatility.