Taiwan Printed (Taiwan) Market Value
| 8213 Stock | TWD 34.45 0.20 0.58% |
| Symbol | Taiwan |
Taiwan Printed '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 Printed'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 Printed.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Taiwan Printed on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Printed Circuit or generate 0.0% return on investment in Taiwan Printed over 30 days. Taiwan Printed is related to or competes with Century Wind, Green World, Ingentec, and Chaheng Precision. Taiwan Pcb Techvest Co., Ltd., a professional manufacturing service company, manufactures and sells electronic component... More
Taiwan Printed 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 Printed'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 Printed Circuit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.2 |
Taiwan Printed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Printed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Printed's standard deviation. In reality, there are many statistical measures that can use Taiwan Printed historical prices to predict the future Taiwan Printed's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (4.81) |
Taiwan Printed Circuit Backtested Returns
Taiwan Printed Circuit owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Taiwan Printed Circuit exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Printed's Coefficient Of Variation of (1,088), variance of 0.9795, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.021, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Printed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Printed is expected to be smaller as well. At this point, Taiwan Printed Circuit has a negative expected return of -0.17%. Please make sure to validate Taiwan Printed's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Printed Circuit performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Taiwan Printed Circuit has very good predictability. Overlapping area represents the amount of predictability between Taiwan Printed time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Printed Circuit price movement. The serial correlation of 0.85 indicates that around 85.0% of current Taiwan Printed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Taiwan Printed Circuit lagged returns against current returns
Autocorrelation, which is Taiwan Printed 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 Printed's stock expected returns. We can calculate the autocorrelation of Taiwan Printed returns to help us make a trade decision. For example, suppose you find that Taiwan Printed 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 Printed 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 Printed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Printed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Printed stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Printed Lagged Returns
When evaluating Taiwan Printed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Printed stock have on its future price. Taiwan Printed 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 Printed autocorrelation shows the relationship between Taiwan Printed stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Printed Circuit.
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 Printed's price analysis, check to measure Taiwan Printed'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 Printed is operating at the current time. Most of Taiwan Printed's value examination focuses on studying past and present price action to predict the probability of Taiwan Printed'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 Printed's price. Additionally, you may evaluate how the addition of Taiwan Printed to your portfolios can decrease your overall portfolio volatility.