Jung Shing (Taiwan) Market Value
| 1617 Stock | TWD 15.80 0.05 0.32% |
| Symbol | Jung |
Jung Shing '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 Jung Shing'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 Jung Shing.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Jung Shing on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Jung Shing Wire or generate 0.0% return on investment in Jung Shing over 30 days. Jung Shing is related to or competes with Basso Industry, Kaulin Mfg, TYC Brother, Chung Hsin, and Kinik. Jung Shing Wire Co., Ltd. manufactures and sells magnet wires More
Jung Shing 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 Jung Shing'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 Jung Shing Wire upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.44 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.44 |
Jung Shing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jung Shing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jung Shing's standard deviation. In reality, there are many statistical measures that can use Jung Shing historical prices to predict the future Jung Shing's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (5.32) |
Jung Shing Wire Backtested Returns
Jung Shing Wire holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17 % return per unit of risk over the last 3 months. Jung Shing Wire exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jung Shing's Standard Deviation of 2.11, risk adjusted performance of (0.13), and Market Risk Adjusted Performance of (5.31) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.067, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jung Shing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jung Shing is expected to be smaller as well. At this point, Jung Shing Wire has a negative expected return of -0.36%. Please make sure to check out Jung Shing's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Jung Shing Wire performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Jung Shing Wire has insignificant predictability. Overlapping area represents the amount of predictability between Jung Shing time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 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 Jung Shing Wire price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Jung Shing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Jung Shing Wire lagged returns against current returns
Autocorrelation, which is Jung Shing 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 Jung Shing's stock expected returns. We can calculate the autocorrelation of Jung Shing returns to help us make a trade decision. For example, suppose you find that Jung Shing 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 |
Jung Shing 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 Jung Shing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jung Shing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jung Shing stock over time.
Current vs Lagged Prices |
| Timeline |
Jung Shing Lagged Returns
When evaluating Jung Shing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jung Shing stock have on its future price. Jung Shing 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, Jung Shing autocorrelation shows the relationship between Jung Shing stock current value and its past values and can show if there is a momentum factor associated with investing in Jung Shing Wire.
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 Jung Stock Analysis
When running Jung Shing's price analysis, check to measure Jung Shing'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 Jung Shing is operating at the current time. Most of Jung Shing's value examination focuses on studying past and present price action to predict the probability of Jung Shing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jung Shing's price. Additionally, you may evaluate how the addition of Jung Shing to your portfolios can decrease your overall portfolio volatility.