Tecom (Taiwan) Market Value
| 2321 Stock | TWD 15.90 0.20 1.27% |
| Symbol | Tecom |
Tecom '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 Tecom'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 Tecom.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Tecom on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Tecom Co or generate 0.0% return on investment in Tecom over 30 days. Tecom is related to or competes with Microelectronics, D Link, CMC Magnetics, Accton Technology, and Ritek Corp. Tecom Co., Ltd. manufactures and markets telecommunications equipment for enterprise, carrier, and consumer markets in T... More
Tecom 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 Tecom'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 Tecom Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.0302 | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (5.57) | |||
| Potential Upside | 7.27 |
Tecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecom's standard deviation. In reality, there are many statistical measures that can use Tecom historical prices to predict the future Tecom's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | 0.239 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0321 | |||
| Treynor Ratio | (0.50) |
Tecom Backtested Returns
At this stage we consider Tecom Stock to be somewhat reliable. Tecom owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0331, which indicates the firm had a 0.0331% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tecom Co, which you can use to evaluate the volatility of the company. Please validate Tecom's Risk Adjusted Performance of 0.0494, semi deviation of 2.86, and Coefficient Of Variation of 1754.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Tecom has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tecom are expected to decrease at a much lower rate. During the bear market, Tecom is likely to outperform the market. Tecom right now has a risk of 3.78%. Please validate Tecom mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Tecom will be following its existing price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Tecom Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Tecom time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Tecom price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Tecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Tecom lagged returns against current returns
Autocorrelation, which is Tecom 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 Tecom's stock expected returns. We can calculate the autocorrelation of Tecom returns to help us make a trade decision. For example, suppose you find that Tecom 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 |
Tecom 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 Tecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecom stock over time.
Current vs Lagged Prices |
| Timeline |
Tecom Lagged Returns
When evaluating Tecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecom stock have on its future price. Tecom 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, Tecom autocorrelation shows the relationship between Tecom stock current value and its past values and can show if there is a momentum factor associated with investing in Tecom Co.
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 Tecom Stock Analysis
When running Tecom's price analysis, check to measure Tecom'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 Tecom is operating at the current time. Most of Tecom's value examination focuses on studying past and present price action to predict the probability of Tecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tecom's price. Additionally, you may evaluate how the addition of Tecom to your portfolios can decrease your overall portfolio volatility.