Tacheng Real (Taiwan) Market Value
| 6171 Stock | TWD 40.85 0.05 0.12% |
| Symbol | Tacheng |
Tacheng Real '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 Tacheng Real'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 Tacheng Real.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Tacheng Real on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Tacheng Real Estate or generate 0.0% return on investment in Tacheng Real over 30 days. Tacheng Real is related to or competes with Davicom Semiconductor, Chief Telecom, Tai Tung, TWOWAY Communications, Cameo Communications, Tainet Communication, and Newretail. It is also involved in the development, rental, and sale of residential and building properties building materials whole... More
Tacheng Real 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 Tacheng Real'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 Tacheng Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.85 | |||
| Value At Risk | (7.23) | |||
| Potential Upside | 4.44 |
Tacheng Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tacheng Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tacheng Real's standard deviation. In reality, there are many statistical measures that can use Tacheng Real historical prices to predict the future Tacheng Real's volatility.| Risk Adjusted Performance | 0.0131 | |||
| Jensen Alpha | 0.0014 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0642 |
Tacheng Real Estate Backtested Returns
Tacheng Real Estate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.032, which indicates the firm had a -0.032% return per unit of risk over the last 3 months. Tacheng Real Estate exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tacheng Real's Coefficient Of Variation of 13701.04, semi deviation of 3.46, and Risk Adjusted Performance of 0.0131 to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tacheng Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tacheng Real is expected to be smaller as well. At this point, Tacheng Real Estate has a negative expected return of -0.11%. Please make sure to validate Tacheng Real's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Tacheng Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Tacheng Real Estate has weak reverse predictability. Overlapping area represents the amount of predictability between Tacheng Real 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 Tacheng Real Estate price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Tacheng Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Tacheng Real Estate lagged returns against current returns
Autocorrelation, which is Tacheng Real 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 Tacheng Real's stock expected returns. We can calculate the autocorrelation of Tacheng Real returns to help us make a trade decision. For example, suppose you find that Tacheng Real 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 |
Tacheng Real 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 Tacheng Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tacheng Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tacheng Real stock over time.
Current vs Lagged Prices |
| Timeline |
Tacheng Real Lagged Returns
When evaluating Tacheng Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tacheng Real stock have on its future price. Tacheng Real 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, Tacheng Real autocorrelation shows the relationship between Tacheng Real stock current value and its past values and can show if there is a momentum factor associated with investing in Tacheng Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Tacheng Real
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 Tacheng Real 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 Tacheng Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Tacheng Stock
| 0.77 | 2542 | Highwealth Construction Split | PairCorr |
| 0.66 | 2539 | Sakura Development | PairCorr |
| 0.79 | 5206 | Kunyue Development | PairCorr |
Moving against Tacheng Stock
| 0.61 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.53 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.49 | 2882 | Cathay Financial Holding | PairCorr |
| 0.41 | 2881B | Fubon Financial Holding | PairCorr |
| 0.37 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Tacheng Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tacheng Real 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 Tacheng Real - 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 Tacheng Real Estate to buy it.
The correlation of Tacheng Real 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 Tacheng Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tacheng Real Estate 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 Tacheng Real 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 Tacheng Stock Analysis
When running Tacheng Real's price analysis, check to measure Tacheng Real'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 Tacheng Real is operating at the current time. Most of Tacheng Real's value examination focuses on studying past and present price action to predict the probability of Tacheng Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tacheng Real's price. Additionally, you may evaluate how the addition of Tacheng Real to your portfolios can decrease your overall portfolio volatility.