Tainergy Tech (Taiwan) Market Value
| 4934 Stock | TWD 13.95 0.65 4.89% |
| Symbol | Tainergy |
Tainergy Tech '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 Tainergy Tech'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 Tainergy Tech.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Tainergy Tech on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Tainergy Tech Co or generate 0.0% return on investment in Tainergy Tech over 720 days. Tainergy Tech is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Tainergy Tech Co., Ltd. designs, develops, manufactures, and markets solar cells in Taiwan More
Tainergy Tech 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 Tainergy Tech'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 Tainergy Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.55 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.63 |
Tainergy Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tainergy Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tainergy Tech's standard deviation. In reality, there are many statistical measures that can use Tainergy Tech historical prices to predict the future Tainergy Tech's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.75) |
Tainergy Tech Backtested Returns
Tainergy Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of risk over the last 3 months. Tainergy Tech Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tainergy Tech's Coefficient Of Variation of (650.50), risk adjusted performance of (0.11), and Variance of 4.17 to confirm the risk estimate we provide. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tainergy Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tainergy Tech is expected to be smaller as well. At this point, Tainergy Tech has a negative expected return of -0.43%. Please make sure to validate Tainergy Tech's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Tainergy Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Tainergy Tech Co has insignificant predictability. Overlapping area represents the amount of predictability between Tainergy Tech 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 Tainergy Tech price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Tainergy Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 15.58 |
Tainergy Tech lagged returns against current returns
Autocorrelation, which is Tainergy Tech 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 Tainergy Tech's stock expected returns. We can calculate the autocorrelation of Tainergy Tech returns to help us make a trade decision. For example, suppose you find that Tainergy Tech 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 |
Tainergy Tech 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 Tainergy Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tainergy Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tainergy Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Tainergy Tech Lagged Returns
When evaluating Tainergy Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tainergy Tech stock have on its future price. Tainergy Tech 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, Tainergy Tech autocorrelation shows the relationship between Tainergy Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Tainergy Tech 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 Tainergy Stock Analysis
When running Tainergy Tech's price analysis, check to measure Tainergy Tech'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 Tainergy Tech is operating at the current time. Most of Tainergy Tech's value examination focuses on studying past and present price action to predict the probability of Tainergy Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tainergy Tech's price. Additionally, you may evaluate how the addition of Tainergy Tech to your portfolios can decrease your overall portfolio volatility.