Federal Corp (Taiwan) Market Value
| 2102 Stock | TWD 19.40 0.25 1.27% |
| Symbol | Federal |
Federal Corp '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 Federal Corp'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 Federal Corp.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in Federal Corp on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Federal Corp or generate 0.0% return on investment in Federal Corp over 720 days. Federal Corp is related to or competes with Nankang Rubber, Kenda Rubber, Formosan Rubber, Yulon, and Chung Hwa. Federal Corporation produces and sells tires in Taiwan and internationally More
Federal Corp 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 Federal Corp'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 Federal Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.93 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.39 |
Federal Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federal Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federal Corp's standard deviation. In reality, there are many statistical measures that can use Federal Corp historical prices to predict the future Federal Corp's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 1.7 |
Federal Corp Backtested Returns
Federal Corp secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Federal Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Federal Corp's Standard Deviation of 1.15, variance of 1.32, and Mean Deviation of 0.8244 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0955, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Federal Corp are expected to decrease at a much lower rate. During the bear market, Federal Corp is likely to outperform the market. At this point, Federal Corp has a negative expected return of -0.18%. Please make sure to confirm Federal Corp's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Federal Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Federal Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Federal Corp time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Federal Corp price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Federal Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
Federal Corp lagged returns against current returns
Autocorrelation, which is Federal Corp 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 Federal Corp's stock expected returns. We can calculate the autocorrelation of Federal Corp returns to help us make a trade decision. For example, suppose you find that Federal Corp 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 |
Federal Corp 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 Federal Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federal Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federal Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Federal Corp Lagged Returns
When evaluating Federal Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federal Corp stock have on its future price. Federal Corp 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, Federal Corp autocorrelation shows the relationship between Federal Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Federal Corp.
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 Federal Stock Analysis
When running Federal Corp's price analysis, check to measure Federal Corp'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 Federal Corp is operating at the current time. Most of Federal Corp's value examination focuses on studying past and present price action to predict the probability of Federal Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Federal Corp's price. Additionally, you may evaluate how the addition of Federal Corp to your portfolios can decrease your overall portfolio volatility.