Formosa International (Taiwan) Market Value
| 2707 Stock | TWD 191.00 1.00 0.53% |
| Symbol | Formosa |
Formosa International '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 Formosa International'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 Formosa International.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Formosa International on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Formosa International Hotels or generate 0.0% return on investment in Formosa International over 720 days. Formosa International is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Formosa International Hotels Corporation operates in the hotel industry in Taiwan and internationally More
Formosa International 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 Formosa International'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 Formosa International Hotels upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.5 |
Formosa International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosa International's standard deviation. In reality, there are many statistical measures that can use Formosa International historical prices to predict the future Formosa International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.7679 |
Formosa International Backtested Returns
Formosa International secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Formosa International Hotels exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa International's Mean Deviation of 0.5739, variance of 0.582, and Standard Deviation of 0.7629 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0803, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formosa International are expected to decrease at a much lower rate. During the bear market, Formosa International is likely to outperform the market. At this point, Formosa International has a negative expected return of -0.0798%. Please make sure to confirm Formosa International's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Formosa International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Formosa International Hotels has good predictability. Overlapping area represents the amount of predictability between Formosa International time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 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 Formosa International price movement. The serial correlation of 0.73 indicates that around 73.0% of current Formosa International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 172.79 |
Formosa International lagged returns against current returns
Autocorrelation, which is Formosa International 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 Formosa International's stock expected returns. We can calculate the autocorrelation of Formosa International returns to help us make a trade decision. For example, suppose you find that Formosa International 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 |
Formosa International 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 Formosa International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosa International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosa International stock over time.
Current vs Lagged Prices |
| Timeline |
Formosa International Lagged Returns
When evaluating Formosa International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosa International stock have on its future price. Formosa International 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, Formosa International autocorrelation shows the relationship between Formosa International stock current value and its past values and can show if there is a momentum factor associated with investing in Formosa International Hotels.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Formosa Stock Analysis
When running Formosa International's price analysis, check to measure Formosa International'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 Formosa International is operating at the current time. Most of Formosa International's value examination focuses on studying past and present price action to predict the probability of Formosa International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa International's price. Additionally, you may evaluate how the addition of Formosa International to your portfolios can decrease your overall portfolio volatility.