Ta Ya (Taiwan) Market Value

1609 Stock  TWD 42.85  1.15  2.61%   
Ta Ya's market value is the price at which a share of Ta Ya trades on a public exchange. It measures the collective expectations of Ta Ya Electric investors about its performance. Ta Ya is selling for under 42.85 as of the 14th of December 2024; that is 2.61 percent decrease since the beginning of the trading day. The stock's lowest day price was 42.8.
With this module, you can estimate the performance of a buy and hold strategy of Ta Ya Electric and determine expected loss or profit from investing in Ta Ya over a given investment horizon. Check out Ta Ya Correlation, Ta Ya Volatility and Ta Ya Alpha and Beta module to complement your research on Ta Ya.
Symbol

Please note, there is a significant difference between Ta Ya's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ta Ya is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ta Ya'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 Ya '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 Ya'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 Ya.
0.00
06/17/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/14/2024
0.00
If you would invest  0.00  in Ta Ya on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Ta Ya Electric or generate 0.0% return on investment in Ta Ya over 180 days. Ta Ya is related to or competes with Walsin Lihwa, Hua Eng, Hong Tai, Chung Hsin, and USI Corp. Ta Ya Electric Wire Cable Co., Ltd engages in the manufacture and sale of electric wires and cables in Taiwan and rest o... More

Ta Ya 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 Ya'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 Ya Electric upside and downside potential and time the market with a certain degree of confidence.

Ta Ya Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ta Ya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ta Ya's standard deviation. In reality, there are many statistical measures that can use Ta Ya historical prices to predict the future Ta Ya's volatility.
Hype
Prediction
LowEstimatedHigh
41.4642.8544.24
Details
Intrinsic
Valuation
LowRealHigh
37.1838.5747.14
Details

Ta Ya Electric Backtested Returns

Ta Ya Electric 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 Ya exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ta Ya's Risk Adjusted Performance of (0.07), standard deviation of 1.42, and Mean Deviation of 1.13 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ta Ya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ta Ya is expected to be smaller as well. At this point, Ta Ya Electric has a negative expected return of -0.23%. Please make sure to validate Ta Ya's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ta Ya Electric performance from the past will be repeated in the future.

Auto-correlation

    
  0.34  

Below average predictability

Ta Ya Electric has below average predictability. Overlapping area represents the amount of predictability between Ta Ya time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Ta Ya Electric price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Ta Ya price fluctuation can be explain by its past prices.
Correlation Coefficient0.34
Spearman Rank Test0.27
Residual Average0.0
Price Variance5.13

Ta Ya Electric lagged returns against current returns

Autocorrelation, which is Ta Ya 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 Ya's stock expected returns. We can calculate the autocorrelation of Ta Ya returns to help us make a trade decision. For example, suppose you find that Ta Ya 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 Ya 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 Ya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ta Ya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ta Ya stock over time.
   Current vs Lagged Prices   
       Timeline  

Ta Ya Lagged Returns

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

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Additional Tools for 1609 Stock Analysis

When running Ta Ya's price analysis, check to measure Ta Ya'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 Ya is operating at the current time. Most of Ta Ya's value examination focuses on studying past and present price action to predict the probability of Ta Ya'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 Ya's price. Additionally, you may evaluate how the addition of Ta Ya to your portfolios can decrease your overall portfolio volatility.