Formosa Taffeta (Taiwan) Market Value
| 1434 Stock | TWD 19.90 0.15 0.76% |
| Symbol | Formosa |
Formosa Taffeta '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 Formosa Taffeta'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 Formosa Taffeta.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Formosa Taffeta on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Formosa Taffeta Co or generate 0.0% return on investment in Formosa Taffeta over 30 days. Formosa Taffeta is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. Formosa Taffeta Co., Ltd. operates in the textile industry in Asia More
Formosa Taffeta 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 Formosa Taffeta'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 Formosa Taffeta Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.53 |
Formosa Taffeta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa Taffeta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosa Taffeta's standard deviation. In reality, there are many statistical measures that can use Formosa Taffeta historical prices to predict the future Formosa Taffeta's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 4.8 |
Formosa Taffeta Backtested Returns
Formosa Taffeta secures Sharpe Ratio (or Efficiency) of -0.0865, which denotes the company had a -0.0865% return per unit of risk over the last 3 months. Formosa Taffeta Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Taffeta's Standard Deviation of 1.26, mean deviation of 1.01, and Variance of 1.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0263, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formosa Taffeta are expected to decrease at a much lower rate. During the bear market, Formosa Taffeta is likely to outperform the market. At this point, Formosa Taffeta has a negative expected return of -0.11%. Please make sure to confirm Formosa Taffeta's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Formosa Taffeta performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Formosa Taffeta Co has very weak predictability. Overlapping area represents the amount of predictability between Formosa Taffeta time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Formosa Taffeta price movement. The serial correlation of 0.17 indicates that over 17.0% of current Formosa Taffeta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Formosa Taffeta lagged returns against current returns
Autocorrelation, which is Formosa Taffeta 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 Formosa Taffeta's stock expected returns. We can calculate the autocorrelation of Formosa Taffeta returns to help us make a trade decision. For example, suppose you find that Formosa Taffeta 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 |
Formosa Taffeta 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 Formosa Taffeta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosa Taffeta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosa Taffeta stock over time.
Current vs Lagged Prices |
| Timeline |
Formosa Taffeta Lagged Returns
When evaluating Formosa Taffeta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosa Taffeta stock have on its future price. Formosa Taffeta 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, Formosa Taffeta autocorrelation shows the relationship between Formosa Taffeta stock current value and its past values and can show if there is a momentum factor associated with investing in Formosa Taffeta Co.
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 Formosa Stock Analysis
When running Formosa Taffeta's price analysis, check to measure Formosa Taffeta'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 Formosa Taffeta is operating at the current time. Most of Formosa Taffeta's value examination focuses on studying past and present price action to predict the probability of Formosa Taffeta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Taffeta's price. Additionally, you may evaluate how the addition of Formosa Taffeta to your portfolios can decrease your overall portfolio volatility.