Tainan Enterprises (Taiwan) Market Value
| 1473 Stock | TWD 34.30 0.15 0.44% |
| Symbol | Tainan |
Tainan Enterprises '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 Tainan Enterprises' 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 Tainan Enterprises.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Tainan Enterprises on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tainan Enterprises Co or generate 0.0% return on investment in Tainan Enterprises over 30 days. Tainan Enterprises is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Tainan Enterprises Co., Ltd. operates as a garment original equipment manufacturer primarily in Taiwan, Indonesia, China... More
Tainan Enterprises 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 Tainan Enterprises' 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 Tainan Enterprises Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.02 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.34 |
Tainan Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tainan Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tainan Enterprises' standard deviation. In reality, there are many statistical measures that can use Tainan Enterprises historical prices to predict the future Tainan Enterprises' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (1.22) |
Tainan Enterprises Backtested Returns
Tainan Enterprises owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.05, which indicates the firm had a -0.05% return per unit of risk over the last 3 months. Tainan Enterprises Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tainan Enterprises' Variance of 2.57, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,211) to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tainan Enterprises' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tainan Enterprises is expected to be smaller as well. At this point, Tainan Enterprises has a negative expected return of -0.0769%. Please make sure to validate Tainan Enterprises' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Tainan Enterprises performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Tainan Enterprises Co has weak reverse predictability. Overlapping area represents the amount of predictability between Tainan Enterprises time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Tainan Enterprises price movement. The serial correlation of -0.23 indicates that over 23.0% of current Tainan Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Tainan Enterprises lagged returns against current returns
Autocorrelation, which is Tainan Enterprises 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 Tainan Enterprises' stock expected returns. We can calculate the autocorrelation of Tainan Enterprises returns to help us make a trade decision. For example, suppose you find that Tainan Enterprises 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 |
Tainan Enterprises 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 Tainan Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tainan Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tainan Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
Tainan Enterprises Lagged Returns
When evaluating Tainan Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tainan Enterprises stock have on its future price. Tainan Enterprises 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, Tainan Enterprises autocorrelation shows the relationship between Tainan Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Tainan Enterprises 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 Tainan Stock Analysis
When running Tainan Enterprises' price analysis, check to measure Tainan Enterprises' 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 Tainan Enterprises is operating at the current time. Most of Tainan Enterprises' value examination focuses on studying past and present price action to predict the probability of Tainan Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tainan Enterprises' price. Additionally, you may evaluate how the addition of Tainan Enterprises to your portfolios can decrease your overall portfolio volatility.