Thye Ming (Taiwan) Market Value
| 9927 Stock | TWD 74.70 1.20 1.63% |
| Symbol | Thye |
Thye Ming '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 Thye Ming'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 Thye Ming.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Thye Ming on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Thye Ming Industrial or generate 0.0% return on investment in Thye Ming over 90 days. Thye Ming is related to or competes with CHC Resources, Taiwan Shin, Taiwan Secom, Nak Sealing, and Taiwan Hon. Thye Ming Industrial Co., Ltd. manufactures and sells lead alloys and lead oxide in Asia More
Thye Ming 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 Thye Ming'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 Thye Ming Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6939 | |||
| Information Ratio | 0.37 | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.63 |
Thye Ming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thye Ming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thye Ming's standard deviation. In reality, there are many statistical measures that can use Thye Ming historical prices to predict the future Thye Ming's volatility.| Risk Adjusted Performance | 0.2183 | |||
| Jensen Alpha | 0.1964 | |||
| Total Risk Alpha | 0.3042 | |||
| Sortino Ratio | 0.4449 | |||
| Treynor Ratio | (6.55) |
Thye Ming Industrial Backtested Returns
Thye Ming appears to be very steady, given 3 months investment horizon. Thye Ming Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.34, which indicates the firm had a 0.34 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Thye Ming Industrial, which you can use to evaluate the volatility of the company. Please review Thye Ming's Semi Deviation of 0.2861, risk adjusted performance of 0.2183, and Coefficient Of Variation of 397.94 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thye Ming holds a performance score of 26. The entity has a beta of -0.0305, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thye Ming are expected to decrease at a much lower rate. During the bear market, Thye Ming is likely to outperform the market. Please check Thye Ming's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Thye Ming's existing price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Thye Ming Industrial has very good predictability. Overlapping area represents the amount of predictability between Thye Ming time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thye Ming Industrial price movement. The serial correlation of 0.82 indicates that around 82.0% of current Thye Ming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
Thye Ming Industrial lagged returns against current returns
Autocorrelation, which is Thye Ming 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 Thye Ming's stock expected returns. We can calculate the autocorrelation of Thye Ming returns to help us make a trade decision. For example, suppose you find that Thye Ming 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 |
Thye Ming 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 Thye Ming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thye Ming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thye Ming stock over time.
Current vs Lagged Prices |
| Timeline |
Thye Ming Lagged Returns
When evaluating Thye Ming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thye Ming stock have on its future price. Thye Ming 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, Thye Ming autocorrelation shows the relationship between Thye Ming stock current value and its past values and can show if there is a momentum factor associated with investing in Thye Ming Industrial.
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 Thye Stock Analysis
When running Thye Ming's price analysis, check to measure Thye Ming'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 Thye Ming is operating at the current time. Most of Thye Ming's value examination focuses on studying past and present price action to predict the probability of Thye Ming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thye Ming's price. Additionally, you may evaluate how the addition of Thye Ming to your portfolios can decrease your overall portfolio volatility.