Trusval Technology (Taiwan) Market Value
| 6667 Stock | TWD 186.50 5.00 2.61% |
| Symbol | Trusval |
Trusval Technology '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 Trusval Technology'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 Trusval Technology.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Trusval Technology on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Trusval Technology Co or generate 0.0% return on investment in Trusval Technology over 720 days. Trusval Technology is related to or competes with Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Advanced Ceramic, Information Technology, and Kinko Optical. Trusval Technology Co., Ltd. provides solutions in the field of water supply system, waste treatment, and system integra... More
Trusval Technology 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 Trusval Technology'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 Trusval Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 4.04 |
Trusval Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trusval Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trusval Technology's standard deviation. In reality, there are many statistical measures that can use Trusval Technology historical prices to predict the future Trusval Technology's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.9055 |
Trusval Technology Backtested Returns
Trusval Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Trusval Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trusval Technology's Coefficient Of Variation of (1,876), risk adjusted performance of (0.03), and Variance of 6.34 to confirm the risk estimate we provide. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trusval Technology are expected to decrease at a much lower rate. During the bear market, Trusval Technology is likely to outperform the market. At this point, Trusval Technology has a negative expected return of -0.25%. Please make sure to validate Trusval Technology's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Trusval Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Trusval Technology Co has good predictability. Overlapping area represents the amount of predictability between Trusval Technology time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 Trusval Technology price movement. The serial correlation of 0.66 indicates that around 66.0% of current Trusval Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1259.83 |
Trusval Technology lagged returns against current returns
Autocorrelation, which is Trusval Technology 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 Trusval Technology's stock expected returns. We can calculate the autocorrelation of Trusval Technology returns to help us make a trade decision. For example, suppose you find that Trusval Technology 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 |
Trusval Technology 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 Trusval Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trusval Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trusval Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Trusval Technology Lagged Returns
When evaluating Trusval Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trusval Technology stock have on its future price. Trusval Technology 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, Trusval Technology autocorrelation shows the relationship between Trusval Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Trusval Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Trusval Technology
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 Trusval Technology 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 Trusval Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Trusval Stock
| 0.53 | 2233 | Turvo International | PairCorr |
| 0.44 | 6613 | Nova Technology | PairCorr |
| 0.32 | 6438 | Symtek Automation Asia | PairCorr |
The ability to find closely correlated positions to Trusval Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trusval Technology 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 Trusval Technology - 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 Trusval Technology Co to buy it.
The correlation of Trusval Technology 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 Trusval Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trusval Technology 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 Trusval Technology 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 Trusval Stock Analysis
When running Trusval Technology's price analysis, check to measure Trusval Technology'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 Trusval Technology is operating at the current time. Most of Trusval Technology's value examination focuses on studying past and present price action to predict the probability of Trusval Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trusval Technology's price. Additionally, you may evaluate how the addition of Trusval Technology to your portfolios can decrease your overall portfolio volatility.