Kerry TJ (Taiwan) Market Value
| 2608 Stock | TWD 38.55 0.30 0.78% |
| Symbol | Kerry |
Kerry TJ '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 Kerry TJ'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 Kerry TJ.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Kerry TJ on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Kerry TJ Logistics or generate 0.0% return on investment in Kerry TJ over 90 days. Kerry TJ is related to or competes with U Ming, Evergreen International, Yang Ming, President Chain, and Wan Hai. Kerry TJ Logistics Company Limited provides integrated logistics services worldwide More
Kerry TJ 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 Kerry TJ'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 Kerry TJ Logistics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0896 | |||
| Maximum Drawdown | 2.72 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.9126 |
Kerry TJ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kerry TJ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kerry TJ's standard deviation. In reality, there are many statistical measures that can use Kerry TJ historical prices to predict the future Kerry TJ's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.0058 | |||
| Treynor Ratio | 1.91 |
Kerry TJ Logistics Backtested Returns
Kerry TJ Logistics has Sharpe Ratio of -0.0388, which conveys that the firm had a -0.0388 % return per unit of risk over the last 3 months. Kerry TJ exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kerry TJ's Risk Adjusted Performance of (0.09), standard deviation of 0.5346, and Mean Deviation of 0.4156 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.032, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kerry TJ are expected to decrease at a much lower rate. During the bear market, Kerry TJ is likely to outperform the market. At this point, Kerry TJ Logistics has a negative expected return of -0.0215%. Please make sure to verify Kerry TJ's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kerry TJ Logistics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Kerry TJ Logistics has modest reverse predictability. Overlapping area represents the amount of predictability between Kerry TJ time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Kerry TJ Logistics price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Kerry TJ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Kerry TJ Logistics lagged returns against current returns
Autocorrelation, which is Kerry TJ 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 Kerry TJ's stock expected returns. We can calculate the autocorrelation of Kerry TJ returns to help us make a trade decision. For example, suppose you find that Kerry TJ 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 |
Kerry TJ 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 Kerry TJ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kerry TJ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kerry TJ stock over time.
Current vs Lagged Prices |
| Timeline |
Kerry TJ Lagged Returns
When evaluating Kerry TJ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kerry TJ stock have on its future price. Kerry TJ 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, Kerry TJ autocorrelation shows the relationship between Kerry TJ stock current value and its past values and can show if there is a momentum factor associated with investing in Kerry TJ Logistics.
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 Kerry Stock Analysis
When running Kerry TJ's price analysis, check to measure Kerry TJ'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 Kerry TJ is operating at the current time. Most of Kerry TJ's value examination focuses on studying past and present price action to predict the probability of Kerry TJ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kerry TJ's price. Additionally, you may evaluate how the addition of Kerry TJ to your portfolios can decrease your overall portfolio volatility.