Max Zipper (Taiwan) Market Value
| 8932 Stock | TWD 94.90 0.10 0.11% |
| Symbol | Max |
Max Zipper '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 Max Zipper'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 Max Zipper.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Max Zipper on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Max Zipper Co or generate 0.0% return on investment in Max Zipper over 180 days. Max Zipper is related to or competes with Makalot Industrial, Shinkong Textile, Tex Ray, Roo Hsing, and Jinli Group. Max Zipper Co., Ltd. manufactures and markets zippers worldwide More
Max Zipper 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 Max Zipper'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 Max Zipper Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0824 | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 4.05 |
Max Zipper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Max Zipper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Max Zipper's standard deviation. In reality, there are many statistical measures that can use Max Zipper historical prices to predict the future Max Zipper's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 0.2651 | |||
| Total Risk Alpha | 0.0633 | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | (0.32) |
Max Zipper Backtested Returns
Max Zipper appears to be very steady, given 3 months investment horizon. Max Zipper has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Max Zipper, which you can use to evaluate the volatility of the firm. Please exercise Max Zipper's Downside Deviation of 2.17, risk adjusted performance of 0.0904, and Mean Deviation of 1.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Max Zipper holds a performance score of 10. The company secures a Beta (Market Risk) of -0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Max Zipper are expected to decrease at a much lower rate. During the bear market, Max Zipper is likely to outperform the market. Please check Max Zipper's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Max Zipper's current price movements will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Max Zipper Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Max Zipper time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Max Zipper price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Max Zipper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 15.97 |
Max Zipper lagged returns against current returns
Autocorrelation, which is Max Zipper 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 Max Zipper's stock expected returns. We can calculate the autocorrelation of Max Zipper returns to help us make a trade decision. For example, suppose you find that Max Zipper 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 |
Max Zipper 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 Max Zipper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Max Zipper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Max Zipper stock over time.
Current vs Lagged Prices |
| Timeline |
Max Zipper Lagged Returns
When evaluating Max Zipper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Max Zipper stock have on its future price. Max Zipper 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, Max Zipper autocorrelation shows the relationship between Max Zipper stock current value and its past values and can show if there is a momentum factor associated with investing in Max Zipper Co.
Regressed Prices |
| Timeline |
Pair Trading with Max Zipper
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 Max Zipper 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 Max Zipper will appreciate offsetting losses from the drop in the long position's value.Moving against Max Stock
| 0.59 | 3008 | LARGAN Precision | PairCorr |
| 0.47 | 1419 | Shinkong Textile | PairCorr |
| 0.45 | 1477 | Makalot Industrial | PairCorr |
| 0.4 | 4414 | Roo Hsing | PairCorr |
| 0.35 | 4438 | Quang Viet Enterprise | PairCorr |
The ability to find closely correlated positions to Max Zipper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Max Zipper 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 Max Zipper - 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 Max Zipper Co to buy it.
The correlation of Max Zipper 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 Max Zipper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Max Zipper 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 Max Zipper 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 Max Stock Analysis
When running Max Zipper's price analysis, check to measure Max Zipper'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 Max Zipper is operating at the current time. Most of Max Zipper's value examination focuses on studying past and present price action to predict the probability of Max Zipper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Max Zipper's price. Additionally, you may evaluate how the addition of Max Zipper to your portfolios can decrease your overall portfolio volatility.