Taiwan Steel (Taiwan) Market Value
| 6581 Stock | TWD 121.50 3.00 2.53% |
| Symbol | Taiwan |
Taiwan Steel '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 Steel'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 Steel.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Taiwan Steel on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Taiwan Steel Union or generate 0.0% return on investment in Taiwan Steel over 360 days. Taiwan Steel is related to or competes with Cleanaway, Sunny Friend, Topco Scientific, and Chailease Holding. Taiwan Steel Union Co., Ltd manufactures and trades in non-ferrous metals, such as zinc oxide and non-metallic mineral p... More
Taiwan Steel 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 Steel'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 Steel Union upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0572 | |||
| Maximum Drawdown | 12.95 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.69 |
Taiwan Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Steel's standard deviation. In reality, there are many statistical measures that can use Taiwan Steel historical prices to predict the future Taiwan Steel's volatility.| Risk Adjusted Performance | 0.0918 | |||
| Jensen Alpha | 0.2283 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0593 | |||
| Treynor Ratio | 8.39 |
Taiwan Steel Union Backtested Returns
Taiwan Steel appears to be very steady, given 3 months investment horizon. Taiwan Steel Union owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taiwan Steel Union, which you can use to evaluate the volatility of the company. Please review Taiwan Steel's Coefficient Of Variation of 846.65, risk adjusted performance of 0.0918, and Semi Deviation of 1.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taiwan Steel holds a performance score of 9. The entity has a beta of 0.0276, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Steel is expected to be smaller as well. Please check Taiwan Steel's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Taiwan Steel's existing price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Taiwan Steel Union has good predictability. Overlapping area represents the amount of predictability between Taiwan Steel time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Steel Union price movement. The serial correlation of 0.68 indicates that around 68.0% of current Taiwan Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 32.04 |
Taiwan Steel Union lagged returns against current returns
Autocorrelation, which is Taiwan Steel 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 Steel's stock expected returns. We can calculate the autocorrelation of Taiwan Steel returns to help us make a trade decision. For example, suppose you find that Taiwan Steel 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 Steel 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 Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Steel Lagged Returns
When evaluating Taiwan Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Steel stock have on its future price. Taiwan Steel 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 Steel autocorrelation shows the relationship between Taiwan Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Steel Union.
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 Steel's price analysis, check to measure Taiwan Steel'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 Steel is operating at the current time. Most of Taiwan Steel's value examination focuses on studying past and present price action to predict the probability of Taiwan Steel'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 Steel's price. Additionally, you may evaluate how the addition of Taiwan Steel to your portfolios can decrease your overall portfolio volatility.