Everest Textile (Taiwan) Market Value

1460 Stock  TWD 6.94  0.09  1.28%   
Everest Textile's market value is the price at which a share of Everest Textile trades on a public exchange. It measures the collective expectations of Everest Textile Co investors about its performance. Everest Textile is selling for under 6.94 as of the 17th of December 2024; that is 1.28 percent decrease since the beginning of the trading day. The stock's lowest day price was 6.94.
With this module, you can estimate the performance of a buy and hold strategy of Everest Textile Co and determine expected loss or profit from investing in Everest Textile over a given investment horizon. Check out Everest Textile Correlation, Everest Textile Volatility and Everest Textile Alpha and Beta module to complement your research on Everest Textile.
Symbol

Please note, there is a significant difference between Everest Textile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Everest Textile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everest Textile'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.

Everest Textile '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 Everest Textile'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 Everest Textile.
0.00
12/28/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/17/2024
0.00
If you would invest  0.00  in Everest Textile on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Everest Textile Co or generate 0.0% return on investment in Everest Textile over 720 days. Everest Textile is related to or competes with Far Eastern, Zig Sheng, Eclat Textile, Formosa Taffeta, and De Licacy. Everest Textile Co., Ltd. manufactures and sells textile products and garments under the EVERTEK brand in Taiwan, the Un... More

Everest Textile 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 Everest Textile'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 Everest Textile Co upside and downside potential and time the market with a certain degree of confidence.

Everest Textile Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Everest Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everest Textile's standard deviation. In reality, there are many statistical measures that can use Everest Textile historical prices to predict the future Everest Textile's volatility.
Hype
Prediction
LowEstimatedHigh
6.206.947.68
Details
Intrinsic
Valuation
LowRealHigh
4.885.627.63
Details

Everest Textile Backtested Returns

Everest Textile secures Sharpe Ratio (or Efficiency) of -0.0618, which denotes the company had a -0.0618% return per unit of risk over the last 3 months. Everest Textile Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everest Textile's Variance of 0.5592, standard deviation of 0.7478, and Mean Deviation of 0.4987 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0573, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Everest Textile are expected to decrease at a much lower rate. During the bear market, Everest Textile is likely to outperform the market. At this point, Everest Textile has a negative expected return of -0.0467%. Please make sure to confirm Everest Textile's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Everest Textile performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.72  

Good predictability

Everest Textile Co has good predictability. Overlapping area represents the amount of predictability between Everest Textile time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Everest Textile price movement. The serial correlation of 0.72 indicates that around 72.0% of current Everest Textile price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.02
Residual Average0.0
Price Variance0.21

Everest Textile lagged returns against current returns

Autocorrelation, which is Everest Textile 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 Everest Textile's stock expected returns. We can calculate the autocorrelation of Everest Textile returns to help us make a trade decision. For example, suppose you find that Everest Textile 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  

Everest Textile 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 Everest Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everest Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everest Textile stock over time.
   Current vs Lagged Prices   
       Timeline  

Everest Textile Lagged Returns

When evaluating Everest Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everest Textile stock have on its future price. Everest Textile 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, Everest Textile autocorrelation shows the relationship between Everest Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Everest Textile Co.
   Regressed Prices   
       Timeline  

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Additional Tools for Everest Stock Analysis

When running Everest Textile's price analysis, check to measure Everest Textile'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 Everest Textile is operating at the current time. Most of Everest Textile's value examination focuses on studying past and present price action to predict the probability of Everest Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everest Textile's price. Additionally, you may evaluate how the addition of Everest Textile to your portfolios can decrease your overall portfolio volatility.