TSEC Corp (Taiwan) Market Value
| 6443 Stock | TWD 20.15 0.40 2.03% |
| Symbol | TSEC |
TSEC Corp '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 TSEC Corp'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 TSEC Corp.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in TSEC Corp on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding TSEC Corp or generate 0.0% return on investment in TSEC Corp over 720 days. TSEC Corp is related to or competes with United Renewable, ANJI Technology, Motech Industries, Innolux Corp, and Kinsus Interconnect. TSEC Corporation engages in the design, manufacture, and sale of solar cells and modules in Taiwan, Japan, the United St... More
TSEC Corp 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 TSEC Corp'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 TSEC Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.84 |
TSEC Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TSEC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TSEC Corp's standard deviation. In reality, there are many statistical measures that can use TSEC Corp historical prices to predict the future TSEC Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.1144 |
TSEC Corp Backtested Returns
TSEC Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0875, which indicates the firm had a -0.0875% return per unit of volatility over the last 3 months. TSEC Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TSEC Corp's risk adjusted performance of (0.01), and Variance of 4.95 to confirm the risk estimate we provide. The entity has a beta of -0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TSEC Corp are expected to decrease at a much lower rate. During the bear market, TSEC Corp is likely to outperform the market. At this point, TSEC Corp has a negative expected return of -0.19%. Please make sure to validate TSEC Corp's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if TSEC Corp performance from the past will be repeated at future time.
Auto-correlation | 0.71 |
Good predictability
TSEC Corp has good predictability. Overlapping area represents the amount of predictability between TSEC Corp time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 TSEC Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current TSEC Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 10.24 |
TSEC Corp lagged returns against current returns
Autocorrelation, which is TSEC Corp 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 TSEC Corp's stock expected returns. We can calculate the autocorrelation of TSEC Corp returns to help us make a trade decision. For example, suppose you find that TSEC Corp 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 |
TSEC Corp 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 TSEC Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TSEC Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TSEC Corp stock over time.
Current vs Lagged Prices |
| Timeline |
TSEC Corp Lagged Returns
When evaluating TSEC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TSEC Corp stock have on its future price. TSEC Corp 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, TSEC Corp autocorrelation shows the relationship between TSEC Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TSEC Corp.
Regressed Prices |
| Timeline |
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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 TSEC Stock Analysis
When running TSEC Corp's price analysis, check to measure TSEC Corp'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 TSEC Corp is operating at the current time. Most of TSEC Corp's value examination focuses on studying past and present price action to predict the probability of TSEC Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TSEC Corp's price. Additionally, you may evaluate how the addition of TSEC Corp to your portfolios can decrease your overall portfolio volatility.