Farglory Life (Taiwan) Market Value
| 5859 Stock | TWD 17.00 0.05 0.29% |
| Symbol | Farglory |
Please note, there is a significant difference between Farglory Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Farglory Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Farglory Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Farglory Life '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 Farglory Life'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 Farglory Life.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Farglory Life on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Farglory Life Insurance or generate 0.0% return on investment in Farglory Life over 30 days. Farglory Life is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Formosa Petrochemical, Delta Electronics, and Cathay Financial. More
Farglory Life 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 Farglory Life'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 Farglory Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.53 | |||
| Information Ratio | 0.1239 | |||
| Maximum Drawdown | 618.31 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.9 |
Farglory Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Farglory Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Farglory Life's standard deviation. In reality, there are many statistical measures that can use Farglory Life historical prices to predict the future Farglory Life's volatility.| Risk Adjusted Performance | 0.1004 | |||
| Jensen Alpha | 9.08 | |||
| Total Risk Alpha | 3.26 | |||
| Sortino Ratio | 0.4584 | |||
| Treynor Ratio | (7.72) |
Farglory Life Insurance Backtested Returns
Farglory Life is out of control given 3 months investment horizon. Farglory Life Insurance secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 9.45% are justified by taking the suggested risk. Use Farglory Life Mean Deviation of 22.22, coefficient of variation of 800.75, and Downside Deviation of 19.53 to evaluate company specific risk that cannot be diversified away. Farglory Life holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.17, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Farglory Life are expected to decrease by larger amounts. On the other hand, during market turmoil, Farglory Life is expected to outperform it. Use Farglory Life coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to analyze future returns on Farglory Life.
Auto-correlation | 0.51 |
Modest predictability
Farglory Life Insurance has modest predictability. Overlapping area represents the amount of predictability between Farglory Life time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Farglory Life Insurance price movement. The serial correlation of 0.51 indicates that about 51.0% of current Farglory Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Farglory Life Insurance lagged returns against current returns
Autocorrelation, which is Farglory Life 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 Farglory Life's stock expected returns. We can calculate the autocorrelation of Farglory Life returns to help us make a trade decision. For example, suppose you find that Farglory Life 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 |
Farglory Life 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 Farglory Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Farglory Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Farglory Life stock over time.
Current vs Lagged Prices |
| Timeline |
Farglory Life Lagged Returns
When evaluating Farglory Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Farglory Life stock have on its future price. Farglory Life 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, Farglory Life autocorrelation shows the relationship between Farglory Life stock current value and its past values and can show if there is a momentum factor associated with investing in Farglory Life Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Farglory Life
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 Farglory Life 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 Farglory Life will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Farglory Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Farglory Life 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 Farglory Life - 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 Farglory Life Insurance to buy it.
The correlation of Farglory Life 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 Farglory Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Farglory Life Insurance 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 Farglory Life 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 Farglory Stock Analysis
When running Farglory Life's price analysis, check to measure Farglory Life'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 Farglory Life is operating at the current time. Most of Farglory Life's value examination focuses on studying past and present price action to predict the probability of Farglory Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Farglory Life's price. Additionally, you may evaluate how the addition of Farglory Life to your portfolios can decrease your overall portfolio volatility.