National Aerospace (Taiwan) Market Value
| 3004 Stock | TWD 89.80 0.10 0.11% |
| Symbol | National |
National Aerospace '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 National Aerospace'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 National Aerospace.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in National Aerospace on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding National Aerospace Fasteners or generate 0.0% return on investment in National Aerospace over 30 days. National Aerospace is related to or competes with Yang Ming, Evergreen Marine, Eva Airways, and U Ming. National Aerospace Fasteners Corporation researches, designs, manufactures, and sells fastener products for the aerospac... More
National Aerospace 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 National Aerospace'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 National Aerospace Fasteners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.3 |
National Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Aerospace's standard deviation. In reality, there are many statistical measures that can use National Aerospace historical prices to predict the future National Aerospace's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.10) |
National Aerospace Backtested Returns
National Aerospace has Sharpe Ratio of -0.0351, which conveys that the firm had a -0.0351% return per unit of risk over the last 3 months. National Aerospace exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify National Aerospace's Standard Deviation of 1.12, risk adjusted performance of (0.02), and Mean Deviation of 0.737 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, National Aerospace's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Aerospace is expected to be smaller as well. At this point, National Aerospace has a negative expected return of -0.0394%. Please make sure to verify National Aerospace's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if National Aerospace performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
National Aerospace Fasteners has good reverse predictability. Overlapping area represents the amount of predictability between National Aerospace time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 National Aerospace price movement. The serial correlation of -0.53 indicates that about 53.0% of current National Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
National Aerospace lagged returns against current returns
Autocorrelation, which is National Aerospace 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 National Aerospace's stock expected returns. We can calculate the autocorrelation of National Aerospace returns to help us make a trade decision. For example, suppose you find that National Aerospace 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 |
National Aerospace 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 National Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
National Aerospace Lagged Returns
When evaluating National Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Aerospace stock have on its future price. National Aerospace 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, National Aerospace autocorrelation shows the relationship between National Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in National Aerospace Fasteners.
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 National Stock Analysis
When running National Aerospace's price analysis, check to measure National Aerospace'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 National Aerospace is operating at the current time. Most of National Aerospace's value examination focuses on studying past and present price action to predict the probability of National Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Aerospace's price. Additionally, you may evaluate how the addition of National Aerospace to your portfolios can decrease your overall portfolio volatility.