Ta Jiang's market value is the price at which a share of Ta Jiang trades on a public exchange. It measures the collective expectations of Ta Jiang Co investors about its performance. Ta Jiang is selling for under 14.05 as of the 9th of January 2025; that is 3.77 percent decrease since the beginning of the trading day. The stock's lowest day price was 14.05. With this module, you can estimate the performance of a buy and hold strategy of Ta Jiang Co and determine expected loss or profit from investing in Ta Jiang over a given investment horizon. Check out Ta Jiang Correlation, Ta Jiang Volatility and Ta Jiang Alpha and Beta module to complement your research on Ta Jiang.
Please note, there is a significant difference between Ta Jiang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ta Jiang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ta Jiang'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.
Ta Jiang '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 Ta Jiang'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 Ta Jiang.
0.00
12/10/2024
No Change 0.00
0.0
In 31 days
01/09/2025
0.00
If you would invest 0.00 in Ta Jiang on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Ta Jiang Co or generate 0.0% return on investment in Ta Jiang over 30 days. Ta Jiang is related to or competes with De Licacy, Wisher Industrial, Tainan Enterprises, Nien Hsing, and Kwong Fong. Ta Jiang Co., Ltd. engages in the textile and construction businesses in Taiwan More
Ta Jiang 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 Ta Jiang'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 Ta Jiang Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ta Jiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ta Jiang's standard deviation. In reality, there are many statistical measures that can use Ta Jiang historical prices to predict the future Ta Jiang's volatility.
Ta Jiang retains Efficiency (Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of price deviation over the last 3 months. Ta Jiang exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ta Jiang's Risk Adjusted Performance of (0.16), standard deviation of 1.5, and Mean Deviation of 1.13 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ta Jiang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ta Jiang is expected to be smaller as well. At this point, Ta Jiang has a negative expected return of -0.26%. Please make sure to validate Ta Jiang's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Ta Jiang performance from the past will be repeated in the future.
Auto-correlation
0.65
Good predictability
Ta Jiang Co has good predictability. Overlapping area represents the amount of predictability between Ta Jiang time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 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 Ta Jiang price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Ta Jiang price fluctuation can be explain by its past prices.
Correlation Coefficient
0.65
Spearman Rank Test
0.55
Residual Average
0.0
Price Variance
0.07
Ta Jiang lagged returns against current returns
Autocorrelation, which is Ta Jiang 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 Ta Jiang's stock expected returns. We can calculate the autocorrelation of Ta Jiang returns to help us make a trade decision. For example, suppose you find that Ta Jiang 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
Ta Jiang 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 Ta Jiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ta Jiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ta Jiang stock over time.
Current vs Lagged Prices
Timeline
Ta Jiang Lagged Returns
When evaluating Ta Jiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ta Jiang stock have on its future price. Ta Jiang 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, Ta Jiang autocorrelation shows the relationship between Ta Jiang stock current value and its past values and can show if there is a momentum factor associated with investing in Ta Jiang Co.
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.
When running Ta Jiang's price analysis, check to measure Ta Jiang'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 Ta Jiang is operating at the current time. Most of Ta Jiang's value examination focuses on studying past and present price action to predict the probability of Ta Jiang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ta Jiang's price. Additionally, you may evaluate how the addition of Ta Jiang to your portfolios can decrease your overall portfolio volatility.