Tong Yang (Taiwan) Market Value
| 1319 Stock | TWD 118.50 1.00 0.85% |
| Symbol | Tong |
Tong Yang '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 Tong Yang'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 Tong Yang.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Tong Yang on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Tong Yang Industry or generate 0.0% return on investment in Tong Yang over 540 days. Tong Yang is related to or competes with TYC Brother, Hota Industrial, Yulon, Far Eastern, and Asia Cement. ,Ltd. manufactures and sells automobile and motorcycle components in Taiwan, China, the United States, and Europe More
Tong Yang 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 Tong Yang'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 Tong Yang Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1043 | |||
| Maximum Drawdown | 9.87 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 4.04 |
Tong Yang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tong Yang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tong Yang's standard deviation. In reality, there are many statistical measures that can use Tong Yang historical prices to predict the future Tong Yang's volatility.| Risk Adjusted Performance | 0.1363 | |||
| Jensen Alpha | 0.3306 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1119 | |||
| Treynor Ratio | 2.89 |
Tong Yang Industry Backtested Returns
Tong Yang appears to be very steady, given 3 months investment horizon. Tong Yang Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tong Yang Industry, which you can use to evaluate the volatility of the company. Please review Tong Yang's Coefficient Of Variation of 588.16, risk adjusted performance of 0.1363, and Semi Deviation of 1.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tong Yang holds a performance score of 13. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tong Yang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tong Yang is expected to be smaller as well. Please check Tong Yang's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Tong Yang's existing price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Tong Yang Industry has good reverse predictability. Overlapping area represents the amount of predictability between Tong Yang time series from 10th of June 2023 to 6th of March 2024 and 6th of March 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 Tong Yang Industry price movement. The serial correlation of -0.55 indicates that about 55.0% of current Tong Yang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 107.31 |
Tong Yang Industry lagged returns against current returns
Autocorrelation, which is Tong Yang 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 Tong Yang's stock expected returns. We can calculate the autocorrelation of Tong Yang returns to help us make a trade decision. For example, suppose you find that Tong Yang 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 |
Tong Yang 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 Tong Yang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tong Yang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tong Yang stock over time.
Current vs Lagged Prices |
| Timeline |
Tong Yang Lagged Returns
When evaluating Tong Yang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tong Yang stock have on its future price. Tong Yang 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, Tong Yang autocorrelation shows the relationship between Tong Yang stock current value and its past values and can show if there is a momentum factor associated with investing in Tong Yang Industry.
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 Tong Stock Analysis
When running Tong Yang's price analysis, check to measure Tong Yang'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 Tong Yang is operating at the current time. Most of Tong Yang's value examination focuses on studying past and present price action to predict the probability of Tong Yang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Yang's price. Additionally, you may evaluate how the addition of Tong Yang to your portfolios can decrease your overall portfolio volatility.