Taiwan Optical (Taiwan) Market Value
| 6464 Stock | TWD 78.50 0.20 0.25% |
| Symbol | Taiwan |
Taiwan Optical '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 Optical'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 Optical.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Taiwan Optical on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Optical Platform or generate 0.0% return on investment in Taiwan Optical over 180 days. Taiwan Optical is related to or competes with HIM International, BIN Live, and Kuang Hong. Taiwan Optical Platform Co., Ltd. operates as a channel copyright distributor More
Taiwan Optical 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 Optical'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 Optical Platform upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.4994 |
Taiwan Optical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Optical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Optical's standard deviation. In reality, there are many statistical measures that can use Taiwan Optical historical prices to predict the future Taiwan Optical's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.62) |
Taiwan Optical Platform Backtested Returns
Taiwan Optical Platform owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0919, which indicates the firm had a -0.0919% return per unit of risk over the last 3 months. Taiwan Optical Platform exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Optical's Variance of 0.2651, risk adjusted performance of (0.08), and Coefficient Of Variation of (1,034) to confirm the risk estimate we provide. The entity has a beta of 0.0369, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Optical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Optical is expected to be smaller as well. At this point, Taiwan Optical Platform has a negative expected return of -0.0484%. Please make sure to validate Taiwan Optical's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Taiwan Optical Platform performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Taiwan Optical Platform has insignificant reverse predictability. Overlapping area represents the amount of predictability between Taiwan Optical time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Taiwan Optical Platform price movement. The serial correlation of -0.17 indicates that over 17.0% of current Taiwan Optical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Taiwan Optical Platform lagged returns against current returns
Autocorrelation, which is Taiwan Optical 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 Optical's stock expected returns. We can calculate the autocorrelation of Taiwan Optical returns to help us make a trade decision. For example, suppose you find that Taiwan Optical 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 Optical 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 Optical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Optical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Optical stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Optical Lagged Returns
When evaluating Taiwan Optical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Optical stock have on its future price. Taiwan Optical 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 Optical autocorrelation shows the relationship between Taiwan Optical stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Optical Platform.
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 Taiwan Stock Analysis
When running Taiwan Optical's price analysis, check to measure Taiwan Optical'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 Optical is operating at the current time. Most of Taiwan Optical's value examination focuses on studying past and present price action to predict the probability of Taiwan Optical'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 Optical's price. Additionally, you may evaluate how the addition of Taiwan Optical to your portfolios can decrease your overall portfolio volatility.