Taiwan Fu (Taiwan) Market Value
| 9924 Stock | TWD 53.10 0.50 0.93% |
| Symbol | Taiwan |
Taiwan Fu '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 Fu'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 Fu.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Taiwan Fu on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Fu Hsing or generate 0.0% return on investment in Taiwan Fu over 30 days. Taiwan Fu is related to or competes with Yang Ming, Wan Hai, U Ming, Taiwan Navigation, and China Airlines. ,Ltd. produces and sells door locks and door closers primarily in Taiwan More
Taiwan Fu 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 Fu'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 Fu Hsing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.44 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.46 |
Taiwan Fu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Fu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Fu's standard deviation. In reality, there are many statistical measures that can use Taiwan Fu historical prices to predict the future Taiwan Fu's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | 0.0508 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) |
Taiwan Fu Hsing Backtested Returns
Taiwan Fu Hsing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0012, which indicates the firm had a -0.0012% return per unit of risk over the last 3 months. Taiwan Fu Hsing exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Fu's Coefficient Of Variation of 18293.15, risk adjusted performance of 0.0106, and Semi Deviation of 2.13 to confirm the risk estimate we provide. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Taiwan Fu are expected to decrease at a much lower rate. During the bear market, Taiwan Fu is likely to outperform the market. At this point, Taiwan Fu Hsing has a negative expected return of -0.0026%. Please make sure to validate Taiwan Fu's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Taiwan Fu Hsing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Taiwan Fu Hsing has virtually no predictability. Overlapping area represents the amount of predictability between Taiwan Fu time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Fu Hsing price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Taiwan Fu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Taiwan Fu Hsing lagged returns against current returns
Autocorrelation, which is Taiwan Fu 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 Fu's stock expected returns. We can calculate the autocorrelation of Taiwan Fu returns to help us make a trade decision. For example, suppose you find that Taiwan Fu 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 Fu 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 Fu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Fu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Fu stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Fu Lagged Returns
When evaluating Taiwan Fu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Fu stock have on its future price. Taiwan Fu 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 Fu autocorrelation shows the relationship between Taiwan Fu stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Fu Hsing.
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 Fu's price analysis, check to measure Taiwan Fu'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 Fu is operating at the current time. Most of Taiwan Fu's value examination focuses on studying past and present price action to predict the probability of Taiwan Fu'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 Fu's price. Additionally, you may evaluate how the addition of Taiwan Fu to your portfolios can decrease your overall portfolio volatility.