Asia Cement (Taiwan) Market Value
| 1102 Stock | TWD 43.35 0.55 1.25% |
| Symbol | Asia |
Asia Cement '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 Asia Cement'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 Asia Cement.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Asia Cement on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Cement Corp or generate 0.0% return on investment in Asia Cement over 180 days. Asia Cement is related to or competes with Cheng Shin, China Steel, and Yulon. Asia Cement Corporation manufactures and sells cement, clinker, and ground granulated blast-furnace slag products in Tai... More
Asia Cement 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 Asia Cement'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 Asia Cement Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.33 |
Asia Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Cement's standard deviation. In reality, there are many statistical measures that can use Asia Cement historical prices to predict the future Asia Cement's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.20) |
Asia Cement Corp Backtested Returns
Asia Cement Corp secures Sharpe Ratio (or Efficiency) of -0.0294, which signifies that the company had a -0.0294% return per unit of risk over the last 3 months. Asia Cement Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Cement's Mean Deviation of 0.7394, standard deviation of 1.03, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0822, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Cement's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Cement is expected to be smaller as well. At this point, Asia Cement Corp has a negative expected return of -0.0309%. Please make sure to confirm Asia Cement's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Asia Cement Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Asia Cement Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Asia Cement time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 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 Asia Cement Corp price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Asia Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
Asia Cement Corp lagged returns against current returns
Autocorrelation, which is Asia Cement 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 Asia Cement's stock expected returns. We can calculate the autocorrelation of Asia Cement returns to help us make a trade decision. For example, suppose you find that Asia Cement 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 |
Asia Cement 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 Asia Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Cement Lagged Returns
When evaluating Asia Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Cement stock have on its future price. Asia Cement 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, Asia Cement autocorrelation shows the relationship between Asia Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Cement Corp.
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 Asia Stock Analysis
When running Asia Cement's price analysis, check to measure Asia Cement'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 Asia Cement is operating at the current time. Most of Asia Cement's value examination focuses on studying past and present price action to predict the probability of Asia Cement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Cement's price. Additionally, you may evaluate how the addition of Asia Cement to your portfolios can decrease your overall portfolio volatility.