Eclat Textile (Taiwan) Market Value
| 1476 Stock | TWD 531.00 15.00 2.75% |
| Symbol | Eclat |
Eclat 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 Eclat 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 Eclat Textile.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Eclat Textile on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Eclat Textile Co or generate 0.0% return on investment in Eclat Textile over 30 days. Eclat Textile is related to or competes with Tainan Spinning, Chia Her, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Eclat Textile Co., Ltd. manufactures and sells knitted fabrics and garments in the Americas, Asia, Europe, the Middle Ea... More
Eclat 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 Eclat 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 Eclat Textile Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 2.65 |
Eclat Textile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eclat Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eclat Textile's standard deviation. In reality, there are many statistical measures that can use Eclat Textile historical prices to predict the future Eclat Textile's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0846 |
Eclat Textile Backtested Returns
At this stage we consider Eclat Stock to be very steady. Eclat Textile secures Sharpe Ratio (or Efficiency) of 0.0489, which denotes the company had a 0.0489% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eclat Textile Co, which you can use to evaluate the volatility of the firm. Please confirm Eclat Textile's Downside Deviation of 1.88, coefficient of variation of 4084.38, and Mean Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.0869%. Eclat Textile has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eclat Textile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eclat Textile is expected to be smaller as well. Eclat Textile right now shows a risk of 1.78%. Please confirm Eclat Textile coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Eclat Textile will be following its price patterns.
Auto-correlation | 0.41 |
Average predictability
Eclat Textile Co has average predictability. Overlapping area represents the amount of predictability between Eclat Textile time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Eclat Textile price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Eclat Textile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 53.33 |
Eclat Textile lagged returns against current returns
Autocorrelation, which is Eclat 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 Eclat Textile's stock expected returns. We can calculate the autocorrelation of Eclat Textile returns to help us make a trade decision. For example, suppose you find that Eclat 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 |
Eclat 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 Eclat Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eclat Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eclat Textile stock over time.
Current vs Lagged Prices |
| Timeline |
Eclat Textile Lagged Returns
When evaluating Eclat Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eclat Textile stock have on its future price. Eclat 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, Eclat Textile autocorrelation shows the relationship between Eclat Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Eclat Textile 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.Additional Tools for Eclat Stock Analysis
When running Eclat Textile's price analysis, check to measure Eclat 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 Eclat Textile is operating at the current time. Most of Eclat Textile's value examination focuses on studying past and present price action to predict the probability of Eclat 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 Eclat Textile's price. Additionally, you may evaluate how the addition of Eclat Textile to your portfolios can decrease your overall portfolio volatility.