Taisol Electronics (Taiwan) Market Value
| 3338 Stock | TWD 65.20 1.30 1.95% |
| Symbol | Taisol |
Taisol Electronics '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 Taisol Electronics' 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 Taisol Electronics.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Taisol Electronics on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Taisol Electronics Co or generate 0.0% return on investment in Taisol Electronics over 30 days. Taisol Electronics is related to or competes with ITEQ Corp, Jentech Precision, Auras Technology, Chaun Choung, and Unimicron Technology. TaiSol Electronics Co., Ltd. designs, manufactures, and sells computer electrical and electronic connectors in Taiwan, C... More
Taisol Electronics 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 Taisol Electronics' 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 Taisol Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.31 |
Taisol Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taisol Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taisol Electronics' standard deviation. In reality, there are many statistical measures that can use Taisol Electronics historical prices to predict the future Taisol Electronics' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.25) |
Taisol Electronics Backtested Returns
Taisol Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0426, which indicates the firm had a -0.0426% return per unit of risk over the last 3 months. Taisol Electronics Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taisol Electronics' insignificant Risk Adjusted Performance, variance of 4.0, and Coefficient Of Variation of (9,098) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taisol Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Taisol Electronics is expected to be smaller as well. At this point, Taisol Electronics has a negative expected return of -0.085%. Please make sure to validate Taisol Electronics' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Taisol Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Taisol Electronics Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Taisol Electronics time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Taisol Electronics price movement. The serial correlation of -0.84 indicates that around 84.0% of current Taisol Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 11.02 |
Taisol Electronics lagged returns against current returns
Autocorrelation, which is Taisol Electronics 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 Taisol Electronics' stock expected returns. We can calculate the autocorrelation of Taisol Electronics returns to help us make a trade decision. For example, suppose you find that Taisol Electronics 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 |
Taisol Electronics 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 Taisol Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taisol Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taisol Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Taisol Electronics Lagged Returns
When evaluating Taisol Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taisol Electronics stock have on its future price. Taisol Electronics 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, Taisol Electronics autocorrelation shows the relationship between Taisol Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Taisol Electronics Co.
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 Taisol Stock Analysis
When running Taisol Electronics' price analysis, check to measure Taisol Electronics' 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 Taisol Electronics is operating at the current time. Most of Taisol Electronics' value examination focuses on studying past and present price action to predict the probability of Taisol Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taisol Electronics' price. Additionally, you may evaluate how the addition of Taisol Electronics to your portfolios can decrease your overall portfolio volatility.