Taiwan Mask (Taiwan) Market Value
| 2338 Stock | 51.60 0.90 1.71% |
| Symbol | Taiwan |
Taiwan Mask '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 Mask'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 Taiwan Mask.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Taiwan Mask on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Mask Corp or generate 0.0% return on investment in Taiwan Mask over 30 days. Taiwan Mask is related to or competes with Macronix International, Mosel Vitelic, Winbond Electronics, Silicon Integrated, and Accton Technology. Taiwan Mask Corporationration engages in the research, design, development, and production of reticles and photomasks in the field of semiconductor industry worldwide. More
Taiwan Mask 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 Mask'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 Taiwan Mask Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.86 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.89 |
Taiwan Mask Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Mask's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Mask's standard deviation. In reality, there are many statistical measures that can use Taiwan Mask historical prices to predict the future Taiwan Mask's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.24) |
Taiwan Mask Corp Backtested Returns
Taiwan Mask Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0928, which indicates the firm had a -0.0928% return per unit of risk over the last 3 months. Taiwan Mask Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Mask's Risk Adjusted Performance of (0.04), coefficient of variation of (1,787), and Variance of 2.56 to confirm the risk estimate we provide. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taiwan Mask's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Mask is expected to be smaller as well. At this point, Taiwan Mask Corp has a negative expected return of -0.15%. Please make sure to validate Taiwan Mask's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Mask Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Taiwan Mask Corp has modest predictability. Overlapping area represents the amount of predictability between Taiwan Mask time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Mask Corp price movement. The serial correlation of 0.51 indicates that about 51.0% of current Taiwan Mask price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Taiwan Mask Corp lagged returns against current returns
Autocorrelation, which is Taiwan Mask 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 Mask's stock expected returns. We can calculate the autocorrelation of Taiwan Mask returns to help us make a trade decision. For example, suppose you find that Taiwan Mask 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 Mask 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 Mask stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Mask stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Mask stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Mask Lagged Returns
When evaluating Taiwan Mask's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Mask stock have on its future price. Taiwan Mask 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 Mask autocorrelation shows the relationship between Taiwan Mask stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Mask 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 Taiwan Stock Analysis
When running Taiwan Mask's price analysis, check to measure Taiwan Mask'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 Taiwan Mask is operating at the current time. Most of Taiwan Mask's value examination focuses on studying past and present price action to predict the probability of Taiwan Mask's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Mask's price. Additionally, you may evaluate how the addition of Taiwan Mask to your portfolios can decrease your overall portfolio volatility.