Taiwan FamilyMart (Taiwan) Market Value
| 5903 Stock | TWD 190.50 1.00 0.53% |
| Symbol | Taiwan |
Taiwan FamilyMart '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 Taiwan FamilyMart'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 Taiwan FamilyMart.
| 10/22/2024 |
| 01/20/2025 |
If you would invest 0.00 in Taiwan FamilyMart on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan FamilyMart Co or generate 0.0% return on investment in Taiwan FamilyMart over 90 days. Taiwan FamilyMart is related to or competes with President Chain, Uni President, Poya International, Hotai, and Taiwan Secom. Taiwan FamilyMart Co., Ltd. operates various convenience stores in Taiwan, and internationally More
Taiwan FamilyMart 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 Taiwan FamilyMart'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 Taiwan FamilyMart Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5152 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.91 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 1.06 |
Taiwan FamilyMart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan FamilyMart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan FamilyMart's standard deviation. In reality, there are many statistical measures that can use Taiwan FamilyMart historical prices to predict the future Taiwan FamilyMart's volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | 0.0134 | |||
| Total Risk Alpha | (0.0008) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.14) |
Taiwan FamilyMart Backtested Returns
At this stage we consider Taiwan Stock to be very steady. Taiwan FamilyMart owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.049, which indicates the firm had a 0.049 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Taiwan FamilyMart Co, which you can use to evaluate the volatility of the company. Please validate Taiwan FamilyMart's Semi Deviation of 0.3369, coefficient of variation of 2448.08, and Risk Adjusted Performance of 0.0284 to confirm if the risk estimate we provide is consistent with the expected return of 0.0262%. Taiwan FamilyMart has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0845, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taiwan FamilyMart are expected to decrease at a much lower rate. During the bear market, Taiwan FamilyMart is likely to outperform the market. Taiwan FamilyMart right now has a risk of 0.53%. Please validate Taiwan FamilyMart downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Taiwan FamilyMart will be following its existing price patterns.
Auto-correlation | -0.53 |
Good reverse predictability
Taiwan FamilyMart Co has good reverse predictability. Overlapping area represents the amount of predictability between Taiwan FamilyMart time series from 22nd of October 2024 to 6th of December 2024 and 6th of December 2024 to 20th of January 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 Taiwan FamilyMart price movement. The serial correlation of -0.53 indicates that about 53.0% of current Taiwan FamilyMart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
Taiwan FamilyMart lagged returns against current returns
Autocorrelation, which is Taiwan FamilyMart 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 Taiwan FamilyMart's stock expected returns. We can calculate the autocorrelation of Taiwan FamilyMart returns to help us make a trade decision. For example, suppose you find that Taiwan FamilyMart 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 |
Taiwan FamilyMart 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 Taiwan FamilyMart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan FamilyMart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan FamilyMart stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan FamilyMart Lagged Returns
When evaluating Taiwan FamilyMart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan FamilyMart stock have on its future price. Taiwan FamilyMart 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, Taiwan FamilyMart autocorrelation shows the relationship between Taiwan FamilyMart stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan FamilyMart Co.
Regressed Prices |
| Timeline |
Pair Trading with Taiwan FamilyMart
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 Taiwan FamilyMart 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 Taiwan FamilyMart will appreciate offsetting losses from the drop in the long position's value.Moving against Taiwan Stock
| 0.47 | 3711 | ASE Industrial Holding | PairCorr |
| 0.37 | 2454 | MediaTek | PairCorr |
| 0.37 | 6669 | Wiwynn Corp | PairCorr |
| 0.32 | 2881B | Fubon Financial Holding | PairCorr |
The ability to find closely correlated positions to Taiwan FamilyMart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiwan FamilyMart 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 Taiwan FamilyMart - 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 Taiwan FamilyMart Co to buy it.
The correlation of Taiwan FamilyMart 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 Taiwan FamilyMart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan FamilyMart 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 Taiwan FamilyMart 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 Taiwan Stock Analysis
When running Taiwan FamilyMart's price analysis, check to measure Taiwan FamilyMart'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 Taiwan FamilyMart is operating at the current time. Most of Taiwan FamilyMart's value examination focuses on studying past and present price action to predict the probability of Taiwan FamilyMart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan FamilyMart's price. Additionally, you may evaluate how the addition of Taiwan FamilyMart to your portfolios can decrease your overall portfolio volatility.