FarGlory Hotel (Taiwan) Market Value
| 2712 Stock | TWD 24.75 0.20 0.80% |
| Symbol | FarGlory |
FarGlory Hotel '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 FarGlory Hotel'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 FarGlory Hotel.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in FarGlory Hotel on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding FarGlory Hotel Co or generate 0.0% return on investment in FarGlory Hotel over 360 days. FarGlory Hotel is related to or competes with Ambassador Hotel, First Hotel, FDC International, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Farglory Hotel Co., Ltd. engages in the operation of Farglory Hotel in Hualien, Taiwan More
FarGlory Hotel 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 FarGlory Hotel'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 FarGlory Hotel Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.91 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.34 |
FarGlory Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FarGlory Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FarGlory Hotel's standard deviation. In reality, there are many statistical measures that can use FarGlory Hotel historical prices to predict the future FarGlory Hotel's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.29) |
FarGlory Hotel Backtested Returns
FarGlory Hotel secures Sharpe Ratio (or Efficiency) of -0.0651, which denotes the company had a -0.0651% return per unit of risk over the last 3 months. FarGlory Hotel Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FarGlory Hotel's Mean Deviation of 0.7646, standard deviation of 1.4, and Variance of 1.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, FarGlory Hotel's returns are expected to increase less than the market. However, during the bear market, the loss of holding FarGlory Hotel is expected to be smaller as well. At this point, FarGlory Hotel has a negative expected return of -0.0938%. Please make sure to confirm FarGlory Hotel's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if FarGlory Hotel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
FarGlory Hotel Co has very good predictability. Overlapping area represents the amount of predictability between FarGlory Hotel time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 FarGlory Hotel price movement. The serial correlation of 0.84 indicates that around 84.0% of current FarGlory Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 3.31 |
FarGlory Hotel lagged returns against current returns
Autocorrelation, which is FarGlory Hotel 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 FarGlory Hotel's stock expected returns. We can calculate the autocorrelation of FarGlory Hotel returns to help us make a trade decision. For example, suppose you find that FarGlory Hotel 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 |
FarGlory Hotel 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 FarGlory Hotel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FarGlory Hotel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FarGlory Hotel stock over time.
Current vs Lagged Prices |
| Timeline |
FarGlory Hotel Lagged Returns
When evaluating FarGlory Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FarGlory Hotel stock have on its future price. FarGlory Hotel 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, FarGlory Hotel autocorrelation shows the relationship between FarGlory Hotel stock current value and its past values and can show if there is a momentum factor associated with investing in FarGlory Hotel Co.
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 FarGlory Stock Analysis
When running FarGlory Hotel's price analysis, check to measure FarGlory Hotel'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 FarGlory Hotel is operating at the current time. Most of FarGlory Hotel's value examination focuses on studying past and present price action to predict the probability of FarGlory Hotel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FarGlory Hotel's price. Additionally, you may evaluate how the addition of FarGlory Hotel to your portfolios can decrease your overall portfolio volatility.