Evergreen Marine (Taiwan) Market Value
| 2603 Stock | TWD 220.00 10.50 4.56% |
| Symbol | Evergreen |
Evergreen Marine '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 Evergreen Marine'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 Evergreen Marine.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Evergreen Marine on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Evergreen Marine Corp or generate 0.0% return on investment in Evergreen Marine over 90 days. Evergreen Marine is related to or competes with Yang Ming, Wan Hai, Eva Airways, China Airlines, and China Steel. Evergreen Marine Corporation Ltd., together with its subsidiaries, engages in marine transportation, shipping agency, an... More
Evergreen Marine 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 Evergreen Marine'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 Evergreen Marine Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.056 | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.29 |
Evergreen Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evergreen Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evergreen Marine's standard deviation. In reality, there are many statistical measures that can use Evergreen Marine historical prices to predict the future Evergreen Marine's volatility.| Risk Adjusted Performance | 0.0113 | |||
| Jensen Alpha | 0.0085 | |||
| Total Risk Alpha | 0.2536 | |||
| Sortino Ratio | 0.0489 | |||
| Treynor Ratio | 0.0602 |
Evergreen Marine Corp Backtested Returns
Evergreen Marine Corp secures Sharpe Ratio (or Efficiency) of -0.0139, which denotes the company had a -0.0139 % return per unit of risk over the last 3 months. Evergreen Marine Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evergreen Marine's Downside Deviation of 2.29, coefficient of variation of 15349.81, and Mean Deviation of 1.42 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0504, which means not very significant fluctuations relative to the market. As returns on the market increase, Evergreen Marine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evergreen Marine is expected to be smaller as well. At this point, Evergreen Marine Corp has a negative expected return of -0.0276%. Please make sure to confirm Evergreen Marine's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Evergreen Marine Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Evergreen Marine Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Evergreen Marine time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Evergreen Marine Corp price movement. The serial correlation of -0.72 indicates that around 72.0% of current Evergreen Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 66.93 |
Evergreen Marine Corp lagged returns against current returns
Autocorrelation, which is Evergreen Marine 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 Evergreen Marine's stock expected returns. We can calculate the autocorrelation of Evergreen Marine returns to help us make a trade decision. For example, suppose you find that Evergreen Marine 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 |
Evergreen Marine 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 Evergreen Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evergreen Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evergreen Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Evergreen Marine Lagged Returns
When evaluating Evergreen Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evergreen Marine stock have on its future price. Evergreen Marine 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, Evergreen Marine autocorrelation shows the relationship between Evergreen Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Evergreen Marine 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 Evergreen Stock Analysis
When running Evergreen Marine's price analysis, check to measure Evergreen Marine'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 Evergreen Marine is operating at the current time. Most of Evergreen Marine's value examination focuses on studying past and present price action to predict the probability of Evergreen Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Marine's price. Additionally, you may evaluate how the addition of Evergreen Marine to your portfolios can decrease your overall portfolio volatility.