Far Eastern (Taiwan) Market Value
| 1402 Stock | TWD 38.20 0.40 1.06% |
| Symbol | Far |
Far Eastern '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 Far Eastern'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 Far Eastern.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Far Eastern on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Far Eastern New or generate 0.0% return on investment in Far Eastern over 60 days. Far Eastern is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. Far Eastern New Century Corporation manufactures and sells polyester materials, and semi-finished and finished textiles ... More
Far Eastern 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 Far Eastern'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 Far Eastern New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 1.94 |
Far Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Far Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Far Eastern's standard deviation. In reality, there are many statistical measures that can use Far Eastern historical prices to predict the future Far Eastern's volatility.| Risk Adjusted Performance | 0.0409 | |||
| Jensen Alpha | 0.0608 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (1.49) |
Far Eastern New Backtested Returns
At this stage we consider Far Stock to be very steady. Far Eastern New secures Sharpe Ratio (or Efficiency) of 0.0738, which denotes the company had a 0.0738% return per unit of risk over the last 3 months. We have found thirty technical indicators for Far Eastern New, which you can use to evaluate the volatility of the firm. Please confirm Far Eastern's Downside Deviation of 1.65, mean deviation of 1.04, and Coefficient Of Variation of 2107.83 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Far Eastern has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0377, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Far Eastern are expected to decrease at a much lower rate. During the bear market, Far Eastern is likely to outperform the market. Far Eastern New right now shows a risk of 1.38%. Please confirm Far Eastern New coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Far Eastern New will be following its price patterns.
Auto-correlation | 0.45 |
Average predictability
Far Eastern New has average predictability. Overlapping area represents the amount of predictability between Far Eastern time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Far Eastern New price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Far Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Far Eastern New lagged returns against current returns
Autocorrelation, which is Far Eastern 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 Far Eastern's stock expected returns. We can calculate the autocorrelation of Far Eastern returns to help us make a trade decision. For example, suppose you find that Far Eastern 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 |
Far Eastern 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 Far Eastern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Far Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Far Eastern stock over time.
Current vs Lagged Prices |
| Timeline |
Far Eastern Lagged Returns
When evaluating Far Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Far Eastern stock have on its future price. Far Eastern 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, Far Eastern autocorrelation shows the relationship between Far Eastern stock current value and its past values and can show if there is a momentum factor associated with investing in Far Eastern New.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Far Stock Analysis
When running Far Eastern's price analysis, check to measure Far Eastern'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 Far Eastern is operating at the current time. Most of Far Eastern's value examination focuses on studying past and present price action to predict the probability of Far Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Far Eastern's price. Additionally, you may evaluate how the addition of Far Eastern to your portfolios can decrease your overall portfolio volatility.