Southeast Cement (Taiwan) Market Value
| 1110 Stock | TWD 21.30 0.10 0.47% |
| Symbol | Southeast |
Southeast 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 Southeast 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 Southeast Cement.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Southeast Cement on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Southeast Cement Co or generate 0.0% return on investment in Southeast Cement over 30 days. Southeast Cement is related to or competes with Chia Hsin, Lucky Cement, Hsing Ta, Universal Cement, and Asia Cement. ,Ltd. engages in the production and sale of cement in Taiwan More
Southeast 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 Southeast 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 Southeast Cement Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.06 |
Southeast Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southeast Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southeast Cement's standard deviation. In reality, there are many statistical measures that can use Southeast Cement historical prices to predict the future Southeast Cement's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 3.17 |
Southeast Cement Backtested Returns
Southeast Cement owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0592, which indicates the firm had a -0.0592% return per unit of risk over the last 3 months. Southeast Cement Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southeast Cement's Coefficient Of Variation of (1,209), risk adjusted performance of (0.06), and Variance of 1.79 to confirm the risk estimate we provide. The entity has a beta of -0.0381, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Southeast Cement are expected to decrease at a much lower rate. During the bear market, Southeast Cement is likely to outperform the market. At this point, Southeast Cement has a negative expected return of -0.0801%. Please make sure to validate Southeast Cement's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Southeast Cement performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Southeast Cement Co has insignificant predictability. Overlapping area represents the amount of predictability between Southeast Cement time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Southeast Cement price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Southeast Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Southeast Cement lagged returns against current returns
Autocorrelation, which is Southeast 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 Southeast Cement's stock expected returns. We can calculate the autocorrelation of Southeast Cement returns to help us make a trade decision. For example, suppose you find that Southeast 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 |
Southeast 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 Southeast Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southeast Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southeast Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Southeast Cement Lagged Returns
When evaluating Southeast Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southeast Cement stock have on its future price. Southeast 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, Southeast Cement autocorrelation shows the relationship between Southeast Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Southeast Cement 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 Southeast Stock Analysis
When running Southeast Cement's price analysis, check to measure Southeast 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 Southeast Cement is operating at the current time. Most of Southeast Cement's value examination focuses on studying past and present price action to predict the probability of Southeast 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 Southeast Cement's price. Additionally, you may evaluate how the addition of Southeast Cement to your portfolios can decrease your overall portfolio volatility.