Everest Textile (Taiwan) Market Value
| 1460 Stock | TWD 7.09 0.05 0.70% |
| Symbol | Everest |
Everest Textile '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 Everest Textile'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 Everest Textile.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Everest Textile on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Everest Textile Co or generate 0.0% return on investment in Everest Textile over 330 days. Everest Textile is related to or competes with Far Eastern, Zig Sheng, Eclat Textile, Formosa Taffeta, and De Licacy. Everest Textile Co., Ltd. manufactures and sells textile products and garments under the EVERTEK brand in Taiwan, the Un... More
Everest Textile 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 Everest Textile'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 Everest Textile Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.76 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.13 |
Everest Textile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everest Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everest Textile's standard deviation. In reality, there are many statistical measures that can use Everest Textile historical prices to predict the future Everest Textile's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.2828 |
Everest Textile Backtested Returns
Everest Textile secures Sharpe Ratio (or Efficiency) of -0.0364, which denotes the company had a -0.0364% return per unit of risk over the last 3 months. Everest Textile Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everest Textile's Standard Deviation of 0.8228, mean deviation of 0.5373, and Variance of 0.6769 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Everest Textile are expected to decrease at a much lower rate. During the bear market, Everest Textile is likely to outperform the market. At this point, Everest Textile has a negative expected return of -0.0299%. Please make sure to confirm Everest Textile's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Everest Textile performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Everest Textile Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Everest Textile time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd 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 Everest Textile price movement. The serial correlation of -0.76 indicates that around 76.0% of current Everest Textile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Everest Textile lagged returns against current returns
Autocorrelation, which is Everest Textile 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 Everest Textile's stock expected returns. We can calculate the autocorrelation of Everest Textile returns to help us make a trade decision. For example, suppose you find that Everest Textile 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 |
Everest Textile 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 Everest Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everest Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everest Textile stock over time.
Current vs Lagged Prices |
| Timeline |
Everest Textile Lagged Returns
When evaluating Everest Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everest Textile stock have on its future price. Everest Textile 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, Everest Textile autocorrelation shows the relationship between Everest Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Everest Textile 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 Everest Stock Analysis
When running Everest Textile's price analysis, check to measure Everest Textile'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 Everest Textile is operating at the current time. Most of Everest Textile's value examination focuses on studying past and present price action to predict the probability of Everest Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everest Textile's price. Additionally, you may evaluate how the addition of Everest Textile to your portfolios can decrease your overall portfolio volatility.