Rich Development (Taiwan) Market Value
| 5512 Stock | TWD 9.82 0.01 0.10% |
| Symbol | Rich |
Rich Development '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 Rich Development'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 Rich Development.
| 02/03/2025 |
| 03/05/2025 |
If you would invest 0.00 in Rich Development on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Rich Development Co or generate 0.0% return on investment in Rich Development over 30 days. Rich Development is related to or competes with Kenmec Mechanical, XAC Automation, AVY Precision, Hung Sheng, and Chainqui Construction. More
Rich Development 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 Rich Development'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 Rich Development Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0486 | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.63 |
Rich Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rich Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rich Development's standard deviation. In reality, there are many statistical measures that can use Rich Development historical prices to predict the future Rich Development's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0895 | |||
| Treynor Ratio | 0.1045 |
Rich Development Backtested Returns
Rich Development maintains Sharpe Ratio (i.e., Efficiency) of -0.0233, which implies the firm had a -0.0233 % return per unit of risk over the last 3 months. Rich Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rich Development's Coefficient Of Variation of (4,287), risk adjusted performance of (0.01), and Variance of 1.18 to confirm the risk estimate we provide. The company holds a Beta of -0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rich Development are expected to decrease at a much lower rate. During the bear market, Rich Development is likely to outperform the market. At this point, Rich Development has a negative expected return of -0.0254%. Please make sure to check Rich Development's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Rich Development performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Rich Development Co has below average predictability. Overlapping area represents the amount of predictability between Rich Development time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 Rich Development price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Rich Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rich Development lagged returns against current returns
Autocorrelation, which is Rich Development 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 Rich Development's stock expected returns. We can calculate the autocorrelation of Rich Development returns to help us make a trade decision. For example, suppose you find that Rich Development 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 |
Rich Development 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 Rich Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rich Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rich Development stock over time.
Current vs Lagged Prices |
| Timeline |
Rich Development Lagged Returns
When evaluating Rich Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rich Development stock have on its future price. Rich Development 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, Rich Development autocorrelation shows the relationship between Rich Development stock current value and its past values and can show if there is a momentum factor associated with investing in Rich Development Co.
Regressed Prices |
| Timeline |
Pair Trading with Rich Development
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rich Development position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rich Development will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Rich Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rich Development when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rich Development - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rich Development Co to buy it.
The correlation of Rich Development is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rich Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rich Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rich Development can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Rich Stock Analysis
When running Rich Development's price analysis, check to measure Rich Development'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 Rich Development is operating at the current time. Most of Rich Development's value examination focuses on studying past and present price action to predict the probability of Rich Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rich Development's price. Additionally, you may evaluate how the addition of Rich Development to your portfolios can decrease your overall portfolio volatility.