TECO Electric (Taiwan) Market Value
| 1504 Stock | TWD 51.40 0.70 1.34% |
| Symbol | TECO |
TECO Electric '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 TECO Electric'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 TECO Electric.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in TECO Electric on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding TECO Electric Machinery or generate 0.0% return on investment in TECO Electric over 510 days. TECO Electric is related to or competes with Walsin Lihwa, Far Eastern, Nan Ya, Taiwan Cement, and Uni President. TECO Electric Machinery Co., Ltd. engages in the manufacture, installation, wholesale, and retail of electronic equipmen... More
TECO Electric 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 TECO Electric'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 TECO Electric Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.64 |
TECO Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TECO Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TECO Electric's standard deviation. In reality, there are many statistical measures that can use TECO Electric historical prices to predict the future TECO Electric's volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.0862 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5639 |
TECO Electric Machinery Backtested Returns
At this stage we consider TECO Stock to be very steady. TECO Electric Machinery retains Efficiency (Sharpe Ratio) of 0.0591, which indicates the firm had a 0.0591% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for TECO Electric, which you can use to evaluate the volatility of the company. Please validate TECO Electric's risk adjusted performance of 0.0666, and Downside Deviation of 1.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.0886%. TECO Electric has a performance score of 4 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TECO Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding TECO Electric is expected to be smaller as well. TECO Electric Machinery now owns a risk of 1.5%. Please validate TECO Electric Machinery mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if TECO Electric Machinery will be following its current price history.
Auto-correlation | 0.80 |
Very good predictability
TECO Electric Machinery has very good predictability. Overlapping area represents the amount of predictability between TECO Electric time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 TECO Electric Machinery price movement. The serial correlation of 0.8 indicates that around 80.0% of current TECO Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 15.52 |
TECO Electric Machinery lagged returns against current returns
Autocorrelation, which is TECO Electric 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 TECO Electric's stock expected returns. We can calculate the autocorrelation of TECO Electric returns to help us make a trade decision. For example, suppose you find that TECO Electric 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 |
TECO Electric 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 TECO Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TECO Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TECO Electric stock over time.
Current vs Lagged Prices |
| Timeline |
TECO Electric Lagged Returns
When evaluating TECO Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TECO Electric stock have on its future price. TECO Electric 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, TECO Electric autocorrelation shows the relationship between TECO Electric stock current value and its past values and can show if there is a momentum factor associated with investing in TECO Electric Machinery.
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 TECO Stock Analysis
When running TECO Electric's price analysis, check to measure TECO Electric'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 TECO Electric is operating at the current time. Most of TECO Electric's value examination focuses on studying past and present price action to predict the probability of TECO Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TECO Electric's price. Additionally, you may evaluate how the addition of TECO Electric to your portfolios can decrease your overall portfolio volatility.