TSRC Corp (Taiwan) Market Value

2103 Stock  TWD 20.20  0.50  2.42%   
TSRC Corp's market value is the price at which a share of TSRC Corp trades on a public exchange. It measures the collective expectations of TSRC Corp investors about its performance. TSRC Corp is selling for under 20.20 as of the 22nd of December 2024; that is 2.42% down since the beginning of the trading day. The stock's lowest day price was 20.2.
With this module, you can estimate the performance of a buy and hold strategy of TSRC Corp and determine expected loss or profit from investing in TSRC Corp over a given investment horizon. Check out TSRC Corp Correlation, TSRC Corp Volatility and TSRC Corp Alpha and Beta module to complement your research on TSRC Corp.
Symbol

Please note, there is a significant difference between TSRC Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TSRC Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TSRC Corp'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.

TSRC 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 TSRC 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 TSRC Corp.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in TSRC Corp on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding TSRC Corp or generate 0.0% return on investment in TSRC Corp over 30 days. TSRC Corp is related to or competes with Formosa Plastics, Formosa Chemicals, China Steel, Formosa Petrochemical, and Cathay Financial. TSRC Corporation manufactures and markets synthetic rubber and elastomers, and applied materials in Taiwan and internati... More

TSRC 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 TSRC 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 TSRC Corp upside and downside potential and time the market with a certain degree of confidence.

TSRC Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for TSRC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TSRC Corp's standard deviation. In reality, there are many statistical measures that can use TSRC Corp historical prices to predict the future TSRC Corp's volatility.
Hype
Prediction
LowEstimatedHigh
18.8420.2021.56
Details
Intrinsic
Valuation
LowRealHigh
16.6918.0522.22
Details

TSRC Corp Backtested Returns

TSRC Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of standard deviation over the last 3 months. TSRC Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TSRC Corp's variance of 1.84, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TSRC Corp are expected to decrease at a much lower rate. During the bear market, TSRC Corp is likely to outperform the market. At this point, TSRC Corp has a negative expected return of -0.19%. Please make sure to validate TSRC Corp's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if TSRC Corp performance from the past will be repeated at some future point.

Auto-correlation

    
  0.95  

Excellent predictability

TSRC Corp has excellent predictability. Overlapping area represents the amount of predictability between TSRC Corp time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 TSRC Corp price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current TSRC Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.95
Spearman Rank Test0.92
Residual Average0.0
Price Variance0.54
TSRC ReturnsTSRC Lagged ReturnsDiversified AwayTSRC ReturnsTSRC Lagged ReturnsDiversified Away100%

TSRC Corp lagged returns against current returns

Autocorrelation, which is TSRC 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 TSRC Corp's stock expected returns. We can calculate the autocorrelation of TSRC Corp returns to help us make a trade decision. For example, suppose you find that TSRC 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   
JavaScript chart by amCharts 3.21.15Dec 09Dec 11Dec 13Dec 15Dec 17Dec 19Dec 21-8%-7%-6%-5%-4%-3%-2%-1%0% 101001K
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

TSRC 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 TSRC Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TSRC Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TSRC Corp stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Dec 09Dec 11Dec 13Dec 15Dec 17Dec 19Dec 2120.521.021.522.022.523.023.5
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

TSRC Corp Lagged Returns

When evaluating TSRC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TSRC Corp stock have on its future price. TSRC 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, TSRC Corp autocorrelation shows the relationship between TSRC Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TSRC Corp.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Nov 22Nov 26Nov 30DecDec 08Dec 12Dec 16Dec 2020.521.021.522.022.523.023.5
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Additional Tools for TSRC Stock Analysis

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

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