Taiwan Glass (Taiwan) Market Value
| 1802 Stock | TWD 20.15 0.05 0.25% |
| Symbol | Taiwan |
Taiwan Glass '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 Taiwan Glass' 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 Taiwan Glass.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Taiwan Glass on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Glass Ind or generate 0.0% return on investment in Taiwan Glass over 180 days. Taiwan Glass is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Information Technology, and Kinko Optical. The companys products consist of flat glass, including float glass and processed glass auto glass photoelectric glass, s... More
Taiwan Glass 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 Taiwan Glass' 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 Taiwan Glass Ind upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0767 | |||
| Maximum Drawdown | 14.92 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 6.72 |
Taiwan Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Glass' standard deviation. In reality, there are many statistical measures that can use Taiwan Glass historical prices to predict the future Taiwan Glass' volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.3176 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1034 | |||
| Treynor Ratio | 1.3 |
Taiwan Glass Ind Backtested Returns
Taiwan Glass appears to be not too volatile, given 3 months investment horizon. Taiwan Glass Ind owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Taiwan Glass Ind, which you can use to evaluate the volatility of the company. Please review Taiwan Glass' Risk Adjusted Performance of 0.102, semi deviation of 1.86, and Coefficient Of Variation of 808.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taiwan Glass holds a performance score of 10. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Glass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Glass is expected to be smaller as well. Please check Taiwan Glass' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Taiwan Glass' existing price patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Taiwan Glass Ind has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Taiwan Glass time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Taiwan Glass Ind price movement. The serial correlation of -0.74 indicates that around 74.0% of current Taiwan Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.75 |
Taiwan Glass Ind lagged returns against current returns
Autocorrelation, which is Taiwan Glass 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 Taiwan Glass' stock expected returns. We can calculate the autocorrelation of Taiwan Glass returns to help us make a trade decision. For example, suppose you find that Taiwan Glass 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 |
Taiwan Glass 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 Taiwan Glass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Glass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Glass stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Glass Lagged Returns
When evaluating Taiwan Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Glass stock have on its future price. Taiwan Glass 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, Taiwan Glass autocorrelation shows the relationship between Taiwan Glass stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Glass Ind.
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 Taiwan Stock Analysis
When running Taiwan Glass' price analysis, check to measure Taiwan Glass' 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 Taiwan Glass is operating at the current time. Most of Taiwan Glass' value examination focuses on studying past and present price action to predict the probability of Taiwan Glass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Glass' price. Additionally, you may evaluate how the addition of Taiwan Glass to your portfolios can decrease your overall portfolio volatility.