TTET Union (Taiwan) Market Value
| 1232 Stock | TWD 146.50 1.00 0.69% |
| Symbol | TTET |
TTET Union '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 TTET Union'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 TTET Union.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in TTET Union on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding TTET Union Corp or generate 0.0% return on investment in TTET Union over 540 days. TTET Union is related to or competes with Taisun Enterprise, De Licacy, Wisher Industrial, and Tainan Enterprises. TTET Union Corporation operates as a soybean crusher in Taiwan More
TTET Union 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 TTET Union'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 TTET Union Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.38 |
TTET Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTET Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTET Union's standard deviation. In reality, there are many statistical measures that can use TTET Union historical prices to predict the future TTET Union's volatility.| Risk Adjusted Performance | 6.0E-4 | |||
| Jensen Alpha | 0.0105 | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.066 |
TTET Union Corp Backtested Returns
TTET Union Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0082, which indicates the firm had a -0.0082% return per unit of volatility over the last 3 months. TTET Union Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TTET Union's risk adjusted performance of 6.0E-4, and Variance of 1.29 to confirm the risk estimate we provide. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TTET Union are expected to decrease at a much lower rate. During the bear market, TTET Union is likely to outperform the market. At this point, TTET Union Corp has a negative expected return of -0.0096%. Please make sure to validate TTET Union's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if TTET Union Corp performance from the past will be repeated at future time.
Auto-correlation | -0.29 |
Weak reverse predictability
TTET Union Corp has weak reverse predictability. Overlapping area represents the amount of predictability between TTET Union time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 TTET Union Corp price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current TTET Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 9.95 |
TTET Union Corp lagged returns against current returns
Autocorrelation, which is TTET Union 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 TTET Union's stock expected returns. We can calculate the autocorrelation of TTET Union returns to help us make a trade decision. For example, suppose you find that TTET Union 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 |
TTET Union 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 TTET Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TTET Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TTET Union stock over time.
Current vs Lagged Prices |
| Timeline |
TTET Union Lagged Returns
When evaluating TTET Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TTET Union stock have on its future price. TTET Union 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, TTET Union autocorrelation shows the relationship between TTET Union stock current value and its past values and can show if there is a momentum factor associated with investing in TTET Union 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 TTET Stock Analysis
When running TTET Union's price analysis, check to measure TTET Union'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 TTET Union is operating at the current time. Most of TTET Union's value examination focuses on studying past and present price action to predict the probability of TTET Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TTET Union's price. Additionally, you may evaluate how the addition of TTET Union to your portfolios can decrease your overall portfolio volatility.