Tah Hsin (Taiwan) Market Value
| 1315 Stock | TWD 70.30 0.20 0.28% |
| Symbol | Tah |
Tah Hsin '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 Tah Hsin'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 Tah Hsin.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Tah Hsin on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Tah Hsin Industrial or generate 0.0% return on investment in Tah Hsin over 690 days. Tah Hsin is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Tah Hsin Industrial Corporation manufactures and sells rainwear, garments, sundries, furniture products, office equipmen... More
Tah Hsin 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 Tah Hsin'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 Tah Hsin Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.424 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.13 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.9929 |
Tah Hsin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tah Hsin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tah Hsin's standard deviation. In reality, there are many statistical measures that can use Tah Hsin historical prices to predict the future Tah Hsin's volatility.| Risk Adjusted Performance | 0.017 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.0414 |
Tah Hsin Industrial Backtested Returns
Tah Hsin Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0219, which indicates the firm had a -0.0219% return per unit of risk over the last 3 months. Tah Hsin Industrial exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tah Hsin's Semi Deviation of 0.2859, risk adjusted performance of 0.017, and Coefficient Of Variation of 3006.99 to confirm the risk estimate we provide. The entity has a beta of 0.0917, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tah Hsin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tah Hsin is expected to be smaller as well. At this point, Tah Hsin Industrial has a negative expected return of -0.0084%. Please make sure to validate Tah Hsin's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Tah Hsin Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Tah Hsin Industrial has very weak reverse predictability. Overlapping area represents the amount of predictability between Tah Hsin time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Tah Hsin Industrial price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Tah Hsin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Tah Hsin Industrial lagged returns against current returns
Autocorrelation, which is Tah Hsin 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 Tah Hsin's stock expected returns. We can calculate the autocorrelation of Tah Hsin returns to help us make a trade decision. For example, suppose you find that Tah Hsin 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 |
Tah Hsin 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 Tah Hsin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tah Hsin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tah Hsin stock over time.
Current vs Lagged Prices |
| Timeline |
Tah Hsin Lagged Returns
When evaluating Tah Hsin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tah Hsin stock have on its future price. Tah Hsin 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, Tah Hsin autocorrelation shows the relationship between Tah Hsin stock current value and its past values and can show if there is a momentum factor associated with investing in Tah Hsin 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 Tah Stock Analysis
When running Tah Hsin's price analysis, check to measure Tah Hsin'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 Tah Hsin is operating at the current time. Most of Tah Hsin's value examination focuses on studying past and present price action to predict the probability of Tah Hsin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tah Hsin's price. Additionally, you may evaluate how the addition of Tah Hsin to your portfolios can decrease your overall portfolio volatility.