Taiwan Taffeta (Taiwan) Market Value
| 1454 Stock | TWD 15.70 0.05 0.32% |
| Symbol | Taiwan |
Taiwan Taffeta '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 Taiwan Taffeta'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 Taiwan Taffeta.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Taiwan Taffeta on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Taiwan Taffeta Fabric or generate 0.0% return on investment in Taiwan Taffeta over 30 days. Taiwan Taffeta is related to or competes with Wisher Industrial, Lan Fa, Tah Tong, Honmyue Enterprise, and Carnival Industrial. Taiwan Taffeta Fabric Co., Ltd. produces and sells polyester fabrics in Taiwan More
Taiwan Taffeta 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 Taiwan Taffeta'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 Taiwan Taffeta Fabric upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 17.43 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.02 |
Taiwan Taffeta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Taffeta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Taffeta's standard deviation. In reality, there are many statistical measures that can use Taiwan Taffeta historical prices to predict the future Taiwan Taffeta's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.0791 | |||
| Treynor Ratio | (0.33) |
Taiwan Taffeta Fabric Backtested Returns
Taiwan Taffeta Fabric owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0199, which indicates the firm had a -0.0199 % return per unit of risk over the last 3 months. Taiwan Taffeta Fabric exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Taffeta's Variance of 3.18, coefficient of variation of (3,228), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Taffeta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Taffeta is expected to be smaller as well. At this point, Taiwan Taffeta Fabric has a negative expected return of -0.0382%. Please make sure to validate Taiwan Taffeta's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Taffeta Fabric performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Taiwan Taffeta Fabric has very good predictability. Overlapping area represents the amount of predictability between Taiwan Taffeta time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 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 Taiwan Taffeta Fabric price movement. The serial correlation of 0.85 indicates that around 85.0% of current Taiwan Taffeta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Taiwan Taffeta Fabric lagged returns against current returns
Autocorrelation, which is Taiwan Taffeta 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 Taiwan Taffeta's stock expected returns. We can calculate the autocorrelation of Taiwan Taffeta returns to help us make a trade decision. For example, suppose you find that Taiwan Taffeta 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 |
Taiwan Taffeta 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 Taiwan Taffeta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Taffeta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Taffeta stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Taffeta Lagged Returns
When evaluating Taiwan Taffeta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Taffeta stock have on its future price. Taiwan Taffeta 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, Taiwan Taffeta autocorrelation shows the relationship between Taiwan Taffeta stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Taffeta Fabric.
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 Taiwan Stock Analysis
When running Taiwan Taffeta's price analysis, check to measure Taiwan Taffeta'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 Taiwan Taffeta is operating at the current time. Most of Taiwan Taffeta's value examination focuses on studying past and present price action to predict the probability of Taiwan Taffeta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Taffeta's price. Additionally, you may evaluate how the addition of Taiwan Taffeta to your portfolios can decrease your overall portfolio volatility.