Transcend Information (Taiwan) Market Value
| 2451 Stock | TWD 93.70 0.50 0.53% |
| Symbol | Transcend |
Transcend Information '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 Transcend Information'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 Transcend Information.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Transcend Information on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Transcend Information or generate 0.0% return on investment in Transcend Information over 30 days. Transcend Information is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Transcend Information, Inc. engages in the design, development, manufacture, marketing, and sale of digital storage, mul... More
Transcend Information 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 Transcend Information'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 Transcend Information upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.2 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 1.84 |
Transcend Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transcend Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transcend Information's standard deviation. In reality, there are many statistical measures that can use Transcend Information historical prices to predict the future Transcend Information's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.34) |
Transcend Information Backtested Returns
Transcend Information owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0628, which indicates the firm had a -0.0628% return per unit of risk over the last 3 months. Transcend Information exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transcend Information's Variance of 1.63, coefficient of variation of (1,631), and Risk Adjusted Performance of (0.04) 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, Transcend Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transcend Information is expected to be smaller as well. At this point, Transcend Information has a negative expected return of -0.0805%. Please make sure to validate Transcend Information's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Transcend Information performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Transcend Information has virtually no predictability. Overlapping area represents the amount of predictability between Transcend Information time series from 13th of November 2024 to 28th of November 2024 and 28th of November 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 Transcend Information price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Transcend Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 |
Transcend Information lagged returns against current returns
Autocorrelation, which is Transcend Information 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 Transcend Information's stock expected returns. We can calculate the autocorrelation of Transcend Information returns to help us make a trade decision. For example, suppose you find that Transcend Information 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 |
Transcend Information 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 Transcend Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transcend Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transcend Information stock over time.
Current vs Lagged Prices |
| Timeline |
Transcend Information Lagged Returns
When evaluating Transcend Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transcend Information stock have on its future price. Transcend Information 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, Transcend Information autocorrelation shows the relationship between Transcend Information stock current value and its past values and can show if there is a momentum factor associated with investing in Transcend Information.
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 Transcend Stock Analysis
When running Transcend Information's price analysis, check to measure Transcend Information'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 Transcend Information is operating at the current time. Most of Transcend Information's value examination focuses on studying past and present price action to predict the probability of Transcend Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transcend Information's price. Additionally, you may evaluate how the addition of Transcend Information to your portfolios can decrease your overall portfolio volatility.