Capital Securities (Taiwan) Market Value
| 6005 Stock | TWD 23.65 0.05 0.21% |
| Symbol | Capital |
Capital Securities '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 Capital Securities' 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 Capital Securities.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Capital Securities on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Capital Securities Corp or generate 0.0% return on investment in Capital Securities over 30 days. Capital Securities is related to or competes with Central Reinsurance, Huaku Development, Fubon Financial, Chailease Holding, and CTBC Financial. Capital Securities Corporation provides various financial services in Taiwan and internationally More
Capital Securities 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 Capital Securities' 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 Capital Securities Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.1053 | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.39 |
Capital Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Securities' standard deviation. In reality, there are many statistical measures that can use Capital Securities historical prices to predict the future Capital Securities' volatility.| Risk Adjusted Performance | 0.1322 | |||
| Jensen Alpha | 0.2038 | |||
| Total Risk Alpha | 0.0765 | |||
| Sortino Ratio | 0.1072 | |||
| Treynor Ratio | (3.34) |
Capital Securities Corp Backtested Returns
Capital Securities appears to be very steady, given 3 months investment horizon. Capital Securities Corp secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Capital Securities Corp, which you can use to evaluate the volatility of the firm. Please makes use of Capital Securities' Mean Deviation of 0.8739, downside deviation of 1.16, and Risk Adjusted Performance of 0.1322 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Capital Securities holds a performance score of 15. The firm shows a Beta (market volatility) of -0.0596, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Capital Securities are expected to decrease at a much lower rate. During the bear market, Capital Securities is likely to outperform the market. Please check Capital Securities' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Capital Securities' price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Capital Securities Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Capital Securities time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Capital Securities Corp price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Capital Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Capital Securities Corp lagged returns against current returns
Autocorrelation, which is Capital Securities 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 Capital Securities' stock expected returns. We can calculate the autocorrelation of Capital Securities returns to help us make a trade decision. For example, suppose you find that Capital Securities 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 |
Capital Securities 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 Capital Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Capital Securities Lagged Returns
When evaluating Capital Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital Securities stock have on its future price. Capital Securities 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, Capital Securities autocorrelation shows the relationship between Capital Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Capital Securities Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Capital Stock Analysis
When running Capital Securities' price analysis, check to measure Capital Securities' 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 Capital Securities is operating at the current time. Most of Capital Securities' value examination focuses on studying past and present price action to predict the probability of Capital Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capital Securities' price. Additionally, you may evaluate how the addition of Capital Securities to your portfolios can decrease your overall portfolio volatility.