Xander International (Taiwan) Market Value
| 6118 Stock | TWD 23.55 0.55 2.28% |
| Symbol | Xander |
Xander International '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 Xander International'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 Xander International.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Xander International on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Xander International or generate 0.0% return on investment in Xander International over 30 days. Xander International is related to or competes with Formosan Rubber, ALFORMER Industrial, Goldsun Building, Victory New, Fu Burg, De Licacy, and Elite Material. More
Xander International 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 Xander International'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 Xander International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0852 | |||
| Maximum Drawdown | 14.22 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 5.38 |
Xander International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xander International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xander International's standard deviation. In reality, there are many statistical measures that can use Xander International historical prices to predict the future Xander International's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | 0.2664 | |||
| Total Risk Alpha | 0.1893 | |||
| Sortino Ratio | 0.1133 | |||
| Treynor Ratio | 1.27 |
Xander International Backtested Returns
Xander International appears to be not too volatile, given 3 months investment horizon. Xander International shows Sharpe Ratio of 0.1, which attests that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xander International, which you can use to evaluate the volatility of the company. Please utilize Xander International's Downside Deviation of 2.2, market risk adjusted performance of 1.28, and Mean Deviation of 2.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xander International holds a performance score of 8. The firm maintains a market beta of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xander International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xander International is expected to be smaller as well. Please check Xander International's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xander International's historical returns will revert.
Auto-correlation | 0.62 |
Good predictability
Xander International has good predictability. Overlapping area represents the amount of predictability between Xander International time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Xander International price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Xander International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Xander International lagged returns against current returns
Autocorrelation, which is Xander International 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 Xander International's stock expected returns. We can calculate the autocorrelation of Xander International returns to help us make a trade decision. For example, suppose you find that Xander International 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 |
Xander International 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 Xander International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xander International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xander International stock over time.
Current vs Lagged Prices |
| Timeline |
Xander International Lagged Returns
When evaluating Xander International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xander International stock have on its future price. Xander International 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, Xander International autocorrelation shows the relationship between Xander International stock current value and its past values and can show if there is a momentum factor associated with investing in Xander International.
Regressed Prices |
| Timeline |
Pair Trading with Xander International
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 Xander International 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 Xander International will appreciate offsetting losses from the drop in the long position's value.Moving against Xander Stock
The ability to find closely correlated positions to Xander International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xander International 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 Xander International - 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 Xander International to buy it.
The correlation of Xander International 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 Xander International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xander International 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 Xander International 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 Xander Stock Analysis
When running Xander International's price analysis, check to measure Xander International'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 Xander International is operating at the current time. Most of Xander International's value examination focuses on studying past and present price action to predict the probability of Xander International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xander International's price. Additionally, you may evaluate how the addition of Xander International to your portfolios can decrease your overall portfolio volatility.