Landis Taipei (Taiwan) Market Value
| 5703 Stock | TWD 18.05 0.05 0.28% |
| Symbol | Landis |
Landis Taipei '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 Landis Taipei'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 Landis Taipei.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Landis Taipei on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Landis Taipei Hotel or generate 0.0% return on investment in Landis Taipei over 30 days. Landis Taipei is related to or competes with Formosa International, Ambassador Hotel, FDC International, First Hotel, Hotel Holiday, HOYA Resort. The Landis Taipei Hotel Co., Ltd operates a hotel in Taipei City, Taiwan More
Landis Taipei 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 Landis Taipei'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 Landis Taipei Hotel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.5 |
Landis Taipei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Landis Taipei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Landis Taipei's standard deviation. In reality, there are many statistical measures that can use Landis Taipei historical prices to predict the future Landis Taipei's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.13 |
Landis Taipei Hotel Backtested Returns
Landis Taipei Hotel has Sharpe Ratio of -0.0885, which conveys that the firm had a -0.0885% return per unit of risk over the last 3 months. Landis Taipei exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Landis Taipei's Mean Deviation of 0.9338, standard deviation of 1.43, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Landis Taipei are expected to decrease at a much lower rate. During the bear market, Landis Taipei is likely to outperform the market. At this point, Landis Taipei Hotel has a negative expected return of -0.13%. Please make sure to verify Landis Taipei's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Landis Taipei Hotel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Landis Taipei Hotel has modest reverse predictability. Overlapping area represents the amount of predictability between Landis Taipei time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Landis Taipei Hotel price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Landis Taipei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Landis Taipei Hotel lagged returns against current returns
Autocorrelation, which is Landis Taipei 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 Landis Taipei's stock expected returns. We can calculate the autocorrelation of Landis Taipei returns to help us make a trade decision. For example, suppose you find that Landis Taipei 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 |
Landis Taipei 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 Landis Taipei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Landis Taipei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Landis Taipei stock over time.
Current vs Lagged Prices |
| Timeline |
Landis Taipei Lagged Returns
When evaluating Landis Taipei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Landis Taipei stock have on its future price. Landis Taipei 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, Landis Taipei autocorrelation shows the relationship between Landis Taipei stock current value and its past values and can show if there is a momentum factor associated with investing in Landis Taipei Hotel.
Regressed Prices |
| Timeline |
Pair Trading with Landis Taipei
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 Landis Taipei 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 Landis Taipei will appreciate offsetting losses from the drop in the long position's value.Moving together with Landis Stock
Moving against Landis Stock
| 0.87 | 2354 | Foxconn Technology | PairCorr |
| 0.81 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.71 | 1432 | Trk Corp | PairCorr |
| 0.7 | 2609 | Yang Ming Marine | PairCorr |
| 0.67 | 3211 | Dynapack International | PairCorr |
The ability to find closely correlated positions to Landis Taipei could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Landis Taipei 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 Landis Taipei - 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 Landis Taipei Hotel to buy it.
The correlation of Landis Taipei 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 Landis Taipei moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Landis Taipei Hotel 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 Landis Taipei 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 Landis Stock Analysis
When running Landis Taipei's price analysis, check to measure Landis Taipei'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 Landis Taipei is operating at the current time. Most of Landis Taipei's value examination focuses on studying past and present price action to predict the probability of Landis Taipei's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Landis Taipei's price. Additionally, you may evaluate how the addition of Landis Taipei to your portfolios can decrease your overall portfolio volatility.