Merida Industry (Taiwan) Market Value
| 9914 Stock | TWD 165.00 6.50 4.10% |
| Symbol | Merida |
Merida Industry '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 Merida Industry'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 Merida Industry.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Merida Industry on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Merida Industry Co or generate 0.0% return on investment in Merida Industry over 210 days. Merida Industry is related to or competes with Giant Manufacturing, Cheng Shin, Feng Tay, President Chain, and Pou Chen. Merida Industry Co., Ltd. engages in the processing, manufacture, and sale of bicycles and its components in Taiwan, res... More
Merida Industry 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 Merida Industry'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 Merida Industry Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 10.94 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.4 |
Merida Industry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merida Industry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merida Industry's standard deviation. In reality, there are many statistical measures that can use Merida Industry historical prices to predict the future Merida Industry's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (2.12) |
Merida Industry Backtested Returns
Merida Industry has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Merida Industry exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merida Industry's Mean Deviation of 1.68, standard deviation of 2.21, and Risk Adjusted Performance of (0.18) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Merida Industry's returns are expected to increase less than the market. However, during the bear market, the loss of holding Merida Industry is expected to be smaller as well. At this point, Merida Industry has a negative expected return of -0.44%. Please make sure to verify Merida Industry's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Merida Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Merida Industry Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Merida Industry time series from 16th of May 2024 to 29th of August 2024 and 29th of August 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 Merida Industry price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Merida Industry price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 939.34 |
Merida Industry lagged returns against current returns
Autocorrelation, which is Merida Industry 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 Merida Industry's stock expected returns. We can calculate the autocorrelation of Merida Industry returns to help us make a trade decision. For example, suppose you find that Merida Industry 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 |
Merida Industry 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 Merida Industry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merida Industry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merida Industry stock over time.
Current vs Lagged Prices |
| Timeline |
Merida Industry Lagged Returns
When evaluating Merida Industry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merida Industry stock have on its future price. Merida Industry 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, Merida Industry autocorrelation shows the relationship between Merida Industry stock current value and its past values and can show if there is a momentum factor associated with investing in Merida Industry Co.
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 Merida Stock Analysis
When running Merida Industry's price analysis, check to measure Merida Industry'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 Merida Industry is operating at the current time. Most of Merida Industry's value examination focuses on studying past and present price action to predict the probability of Merida Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merida Industry's price. Additionally, you may evaluate how the addition of Merida Industry to your portfolios can decrease your overall portfolio volatility.