Taiwan Styrene (Taiwan) Market Value
| 1310 Stock | TWD 11.80 0.05 0.43% |
| Symbol | Taiwan |
Taiwan Styrene '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 Styrene'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 Styrene.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Taiwan Styrene on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Styrene Monomer or generate 0.0% return on investment in Taiwan Styrene over 30 days. Taiwan Styrene is related to or competes with Cheng Shin, China Steel, and Yulon. Taiwan Styrene Monomer Corporation produces and sells styrene monomer, para-diethyl benzene, toluene, and ethylbenzene i... More
Taiwan Styrene 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 Styrene'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 Styrene Monomer upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 7.35 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.29 |
Taiwan Styrene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Styrene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Styrene's standard deviation. In reality, there are many statistical measures that can use Taiwan Styrene historical prices to predict the future Taiwan Styrene's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.98) |
Taiwan Styrene Monomer Backtested Returns
Taiwan Styrene Monomer owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Taiwan Styrene Monomer exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Styrene's Risk Adjusted Performance of (0.10), variance of 1.51, and Coefficient Of Variation of (704.04) to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Styrene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Styrene is expected to be smaller as well. At this point, Taiwan Styrene Monomer has a negative expected return of -0.16%. Please make sure to validate Taiwan Styrene's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Taiwan Styrene Monomer performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Taiwan Styrene Monomer has poor reverse predictability. Overlapping area represents the amount of predictability between Taiwan Styrene time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Taiwan Styrene Monomer price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Taiwan Styrene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Taiwan Styrene Monomer lagged returns against current returns
Autocorrelation, which is Taiwan Styrene 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 Styrene's stock expected returns. We can calculate the autocorrelation of Taiwan Styrene returns to help us make a trade decision. For example, suppose you find that Taiwan Styrene 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 Styrene 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 Styrene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Styrene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Styrene stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Styrene Lagged Returns
When evaluating Taiwan Styrene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Styrene stock have on its future price. Taiwan Styrene 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 Styrene autocorrelation shows the relationship between Taiwan Styrene stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Styrene Monomer.
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 Styrene's price analysis, check to measure Taiwan Styrene'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 Styrene is operating at the current time. Most of Taiwan Styrene's value examination focuses on studying past and present price action to predict the probability of Taiwan Styrene'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 Styrene's price. Additionally, you may evaluate how the addition of Taiwan Styrene to your portfolios can decrease your overall portfolio volatility.