Tyntek Corp (Taiwan) Market Value
| 2426 Stock | TWD 22.05 0.95 4.13% |
| Symbol | Tyntek |
Tyntek 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 Tyntek 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 Tyntek Corp.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Tyntek Corp on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Tyntek Corp or generate 0.0% return on investment in Tyntek Corp over 180 days. Tyntek Corp is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. The company offers visible LED, ultra HB LED, infrared LED, InGaAsInP, and GaPGaP regulator chips SI products, such as S... More
Tyntek 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 Tyntek 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 Tyntek Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.0115 | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 6.62 |
Tyntek Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tyntek Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tyntek Corp's standard deviation. In reality, there are many statistical measures that can use Tyntek Corp historical prices to predict the future Tyntek Corp's volatility.| Risk Adjusted Performance | 0.037 | |||
| Jensen Alpha | 0.0988 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0134 | |||
| Treynor Ratio | 0.3701 |
Tyntek Corp Backtested Returns
Tyntek Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0039, which indicates the firm had a -0.0039% return per unit of risk over the last 3 months. Tyntek Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tyntek Corp's Coefficient Of Variation of 2490.75, semi deviation of 2.78, and Risk Adjusted Performance of 0.037 to confirm the risk estimate we provide. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tyntek Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tyntek Corp is expected to be smaller as well. At this point, Tyntek Corp has a negative expected return of -0.0133%. Please make sure to validate Tyntek Corp's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Tyntek Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Tyntek Corp has below average predictability. Overlapping area represents the amount of predictability between Tyntek Corp time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Tyntek Corp price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Tyntek Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.62 |
Tyntek Corp lagged returns against current returns
Autocorrelation, which is Tyntek 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 Tyntek Corp's stock expected returns. We can calculate the autocorrelation of Tyntek Corp returns to help us make a trade decision. For example, suppose you find that Tyntek 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 |
Tyntek 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 Tyntek Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tyntek Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tyntek Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Tyntek Corp Lagged Returns
When evaluating Tyntek Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tyntek Corp stock have on its future price. Tyntek 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, Tyntek Corp autocorrelation shows the relationship between Tyntek Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Tyntek 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 Tyntek Stock Analysis
When running Tyntek Corp's price analysis, check to measure Tyntek 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 Tyntek Corp is operating at the current time. Most of Tyntek Corp's value examination focuses on studying past and present price action to predict the probability of Tyntek 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 Tyntek Corp's price. Additionally, you may evaluate how the addition of Tyntek Corp to your portfolios can decrease your overall portfolio volatility.