Zig Sheng (Taiwan) Market Value
| 1455 Stock | TWD 10.25 0.15 1.44% |
| Symbol | Zig |
Zig Sheng '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 Zig Sheng'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 Zig Sheng.
| 02/03/2025 |
| 03/05/2025 |
If you would invest 0.00 in Zig Sheng on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Zig Sheng Industrial or generate 0.0% return on investment in Zig Sheng over 30 days. Zig Sheng is related to or competes with Lealea Enterprise, Tainan Spinning, Li Peng, Shinkong Synthetic, and Yi Jinn. Zig Sheng Industrial Co., Ltd. engages in chemical material and fiber businesses in Taiwan More
Zig Sheng 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 Zig Sheng'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 Zig Sheng Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0787 | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.63 |
Zig Sheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zig Sheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zig Sheng's standard deviation. In reality, there are many statistical measures that can use Zig Sheng historical prices to predict the future Zig Sheng's volatility.| Risk Adjusted Performance | 0.022 | |||
| Jensen Alpha | 0.0052 | |||
| Total Risk Alpha | 0.1824 | |||
| Sortino Ratio | 0.0841 | |||
| Treynor Ratio | (0.12) |
Zig Sheng Industrial Backtested Returns
At this stage we consider Zig Stock to be not too volatile. Zig Sheng Industrial shows Sharpe Ratio of 0.0371, which attests that the company had a 0.0371 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zig Sheng Industrial, which you can use to evaluate the volatility of the company. Please check out Zig Sheng's Downside Deviation of 1.31, market risk adjusted performance of (0.11), and Mean Deviation of 0.9688 to validate if the risk estimate we provide is consistent with the expected return of 0.056%. Zig Sheng has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zig Sheng are expected to decrease at a much lower rate. During the bear market, Zig Sheng is likely to outperform the market. Zig Sheng Industrial right now maintains a risk of 1.51%. Please check out Zig Sheng Industrial market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Zig Sheng Industrial will be following its historical returns.
Auto-correlation | 0.65 |
Good predictability
Zig Sheng Industrial has good predictability. Overlapping area represents the amount of predictability between Zig Sheng time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 Zig Sheng Industrial price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Zig Sheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Zig Sheng Industrial lagged returns against current returns
Autocorrelation, which is Zig Sheng 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 Zig Sheng's stock expected returns. We can calculate the autocorrelation of Zig Sheng returns to help us make a trade decision. For example, suppose you find that Zig Sheng 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 |
Zig Sheng 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 Zig Sheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zig Sheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zig Sheng stock over time.
Current vs Lagged Prices |
| Timeline |
Zig Sheng Lagged Returns
When evaluating Zig Sheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zig Sheng stock have on its future price. Zig Sheng 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, Zig Sheng autocorrelation shows the relationship between Zig Sheng stock current value and its past values and can show if there is a momentum factor associated with investing in Zig Sheng Industrial.
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 Zig Stock Analysis
When running Zig Sheng's price analysis, check to measure Zig Sheng'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 Zig Sheng is operating at the current time. Most of Zig Sheng's value examination focuses on studying past and present price action to predict the probability of Zig Sheng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zig Sheng's price. Additionally, you may evaluate how the addition of Zig Sheng to your portfolios can decrease your overall portfolio volatility.