Topco Scientific (Taiwan) Market Value
| 5434 Stock | TWD 283.00 1.00 0.35% |
| Symbol | Topco |
Topco Scientific '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 Topco Scientific'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 Topco Scientific.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Topco Scientific on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Topco Scientific Co or generate 0.0% return on investment in Topco Scientific over 90 days. Topco Scientific is related to or competes with Da Cin, Chumpower Machinery, Tait Marketing, Kedge Construction, Delpha Construction, and Amulaire Thermal. ,Ltd. provides materials and equipment for advanced semiconductor processes and optoelectronic industry More
Topco Scientific 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 Topco Scientific'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 Topco Scientific Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 6.52 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 1.59 |
Topco Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topco Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topco Scientific's standard deviation. In reality, there are many statistical measures that can use Topco Scientific historical prices to predict the future Topco Scientific's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0795 | |||
| Treynor Ratio | (0.25) |
Topco Scientific Backtested Returns
Topco Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0609, which indicates the firm had a -0.0609 % return per unit of risk over the last 3 months. Topco Scientific Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topco Scientific's Coefficient Of Variation of (1,972), risk adjusted performance of (0.04), and Variance of 1.44 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Topco Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Topco Scientific is expected to be smaller as well. At this point, Topco Scientific has a negative expected return of -0.0743%. Please make sure to validate Topco Scientific's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Topco Scientific performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Topco Scientific Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Topco Scientific time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Topco Scientific price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Topco Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 32.81 |
Topco Scientific lagged returns against current returns
Autocorrelation, which is Topco Scientific 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 Topco Scientific's stock expected returns. We can calculate the autocorrelation of Topco Scientific returns to help us make a trade decision. For example, suppose you find that Topco Scientific 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 |
Topco Scientific 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 Topco Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topco Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topco Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Topco Scientific Lagged Returns
When evaluating Topco Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topco Scientific stock have on its future price. Topco Scientific 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, Topco Scientific autocorrelation shows the relationship between Topco Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Topco Scientific 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 Topco Stock Analysis
When running Topco Scientific's price analysis, check to measure Topco Scientific'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 Topco Scientific is operating at the current time. Most of Topco Scientific's value examination focuses on studying past and present price action to predict the probability of Topco Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topco Scientific's price. Additionally, you may evaluate how the addition of Topco Scientific to your portfolios can decrease your overall portfolio volatility.