Eastern Media (Taiwan) Market Value
| 2614 Stock | TWD 17.40 0.10 0.58% |
| Symbol | Eastern |
Eastern Media '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 Eastern Media'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 Eastern Media.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Eastern Media on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Eastern Media International or generate 0.0% return on investment in Eastern Media over 30 days. Eastern Media is related to or competes with Yang Ming, Wan Hai, U Ming, Taiwan Navigation, and China Airlines. Eastern Media International Corporation, together with its subsidiaries, provides loading and unloading of grains and si... More
Eastern Media 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 Eastern Media'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 Eastern Media International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.51 |
Eastern Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Media's standard deviation. In reality, there are many statistical measures that can use Eastern Media historical prices to predict the future Eastern Media's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.50) |
Eastern Media Intern Backtested Returns
Eastern Media Intern secures Sharpe Ratio (or Efficiency) of -0.052, which denotes the company had a -0.052 % return per unit of risk over the last 3 months. Eastern Media International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eastern Media's Variance of 1.23, standard deviation of 1.11, and Mean Deviation of 0.7981 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Eastern Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern Media is expected to be smaller as well. At this point, Eastern Media Intern has a negative expected return of -0.0542%. Please make sure to confirm Eastern Media's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Eastern Media Intern performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Eastern Media International has virtually no predictability. Overlapping area represents the amount of predictability between Eastern Media time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Eastern Media Intern price movement. The serial correlation of 0.02 indicates that only 2.0% of current Eastern Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastern Media Intern lagged returns against current returns
Autocorrelation, which is Eastern Media 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 Eastern Media's stock expected returns. We can calculate the autocorrelation of Eastern Media returns to help us make a trade decision. For example, suppose you find that Eastern Media 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 |
Eastern Media 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 Eastern Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Media stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Media Lagged Returns
When evaluating Eastern Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Media stock have on its future price. Eastern Media 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, Eastern Media autocorrelation shows the relationship between Eastern Media stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Media International.
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 Eastern Stock Analysis
When running Eastern Media's price analysis, check to measure Eastern Media'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 Eastern Media is operating at the current time. Most of Eastern Media's value examination focuses on studying past and present price action to predict the probability of Eastern Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Media's price. Additionally, you may evaluate how the addition of Eastern Media to your portfolios can decrease your overall portfolio volatility.