Fulltech Fiber (Taiwan) Market Value
| 1815 Stock | TWD 26.80 0.10 0.37% |
| Symbol | Fulltech |
Fulltech Fiber '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 Fulltech Fiber'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 Fulltech Fiber.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Fulltech Fiber on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fulltech Fiber Glass or generate 0.0% return on investment in Fulltech Fiber over 30 days. Fulltech Fiber is related to or competes with Advantech, IEI Integration, Flytech Technology, Ennoconn Corp, and ADLINK Technology. Fulltech Fiber Glass Corp. produces and sells fiber glass yarn and fabrics in Taiwan More
Fulltech Fiber 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 Fulltech Fiber'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 Fulltech Fiber Glass upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.1073 | |||
| Maximum Drawdown | 14.17 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 7.96 |
Fulltech Fiber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fulltech Fiber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fulltech Fiber's standard deviation. In reality, there are many statistical measures that can use Fulltech Fiber historical prices to predict the future Fulltech Fiber's volatility.| Risk Adjusted Performance | 0.1005 | |||
| Jensen Alpha | 0.4107 | |||
| Total Risk Alpha | 0.3078 | |||
| Sortino Ratio | 0.131 | |||
| Treynor Ratio | (3.18) |
Fulltech Fiber Glass Backtested Returns
Fulltech Fiber appears to be not too volatile, given 3 months investment horizon. Fulltech Fiber Glass secures Sharpe Ratio (or Efficiency) of 0.0915, which denotes the company had a 0.0915% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fulltech Fiber Glass, which you can use to evaluate the volatility of the firm. Please utilize Fulltech Fiber's Mean Deviation of 2.62, coefficient of variation of 859.86, and Downside Deviation of 2.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fulltech Fiber holds a performance score of 7. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fulltech Fiber are expected to decrease at a much lower rate. During the bear market, Fulltech Fiber is likely to outperform the market. Please check Fulltech Fiber's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Fulltech Fiber's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Fulltech Fiber Glass has good predictability. Overlapping area represents the amount of predictability between Fulltech Fiber time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Fulltech Fiber Glass price movement. The serial correlation of 0.67 indicates that around 67.0% of current Fulltech Fiber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Fulltech Fiber Glass lagged returns against current returns
Autocorrelation, which is Fulltech Fiber 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 Fulltech Fiber's stock expected returns. We can calculate the autocorrelation of Fulltech Fiber returns to help us make a trade decision. For example, suppose you find that Fulltech Fiber 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 |
Fulltech Fiber 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 Fulltech Fiber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fulltech Fiber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fulltech Fiber stock over time.
Current vs Lagged Prices |
| Timeline |
Fulltech Fiber Lagged Returns
When evaluating Fulltech Fiber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fulltech Fiber stock have on its future price. Fulltech Fiber 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, Fulltech Fiber autocorrelation shows the relationship between Fulltech Fiber stock current value and its past values and can show if there is a momentum factor associated with investing in Fulltech Fiber Glass.
Regressed Prices |
| Timeline |
Pair Trading with Fulltech Fiber
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fulltech Fiber position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fulltech Fiber will appreciate offsetting losses from the drop in the long position's value.Moving against Fulltech Stock
| 0.88 | 5508 | Yungshin Construction | PairCorr |
| 0.81 | 4938 | Pegatron Corp | PairCorr |
| 0.79 | 8069 | E Ink Holdings | PairCorr |
| 0.79 | 5356 | Sirtec International | PairCorr |
| 0.77 | 2409 | AU Optronics | PairCorr |
The ability to find closely correlated positions to Fulltech Fiber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fulltech Fiber when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fulltech Fiber - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fulltech Fiber Glass to buy it.
The correlation of Fulltech Fiber is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fulltech Fiber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fulltech Fiber Glass moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fulltech Fiber can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Fulltech Stock Analysis
When running Fulltech Fiber's price analysis, check to measure Fulltech Fiber'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 Fulltech Fiber is operating at the current time. Most of Fulltech Fiber's value examination focuses on studying past and present price action to predict the probability of Fulltech Fiber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fulltech Fiber's price. Additionally, you may evaluate how the addition of Fulltech Fiber to your portfolios can decrease your overall portfolio volatility.