Double Bond (Taiwan) Market Value
| 4764 Stock | TWD 43.30 0.20 0.46% |
| Symbol | Double |
Double Bond '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 Double Bond'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 Double Bond.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Double Bond on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Double Bond Chemical or generate 0.0% return on investment in Double Bond over 30 days. Double Bond is related to or competes with Nan Ya, China Petrochemical, Eternal Materials, TSRC Corp, Nantex Industry, International CSRC, and Nan Pao. Co., Ltd. manufactures and sells fine chemicals with focus on the polymer and UV-coating industries in Taiwan and intern... More
Double Bond 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 Double Bond'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 Double Bond Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.23 |
Double Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Double Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Double Bond's standard deviation. In reality, there are many statistical measures that can use Double Bond historical prices to predict the future Double Bond's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.52 |
Double Bond Chemical Backtested Returns
Double Bond Chemical secures Sharpe Ratio (or Efficiency) of -0.0296, which denotes the company had a -0.0296% return per unit of risk over the last 3 months. Double Bond Chemical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Double Bond's Mean Deviation of 0.9327, variance of 1.75, and Standard Deviation of 1.32 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0359, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Double Bond are expected to decrease at a much lower rate. During the bear market, Double Bond is likely to outperform the market. At this point, Double Bond Chemical has a negative expected return of -0.0399%. Please make sure to confirm Double Bond's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Double Bond Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Double Bond Chemical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Double Bond time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Double Bond Chemical price movement. The serial correlation of -0.74 indicates that around 74.0% of current Double Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Double Bond Chemical lagged returns against current returns
Autocorrelation, which is Double Bond 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 Double Bond's stock expected returns. We can calculate the autocorrelation of Double Bond returns to help us make a trade decision. For example, suppose you find that Double Bond 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 |
Double Bond 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 Double Bond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Double Bond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Double Bond stock over time.
Current vs Lagged Prices |
| Timeline |
Double Bond Lagged Returns
When evaluating Double Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Double Bond stock have on its future price. Double Bond 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, Double Bond autocorrelation shows the relationship between Double Bond stock current value and its past values and can show if there is a momentum factor associated with investing in Double Bond Chemical.
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 Double Stock Analysis
When running Double Bond's price analysis, check to measure Double Bond'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 Double Bond is operating at the current time. Most of Double Bond's value examination focuses on studying past and present price action to predict the probability of Double Bond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Double Bond's price. Additionally, you may evaluate how the addition of Double Bond to your portfolios can decrease your overall portfolio volatility.