Ta Yih (Taiwan) Market Value
| 1521 Stock | TWD 35.40 0.05 0.14% |
| Symbol | 1521 |
Ta Yih '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 Ta Yih'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 Ta Yih.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ta Yih on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Ta Yih Industrial or generate 0.0% return on investment in Ta Yih over 30 days. Ta Yih is related to or competes with TYC Brother, Basso Industry, Hota Industrial, Tong Yang, and TTET Union. Ta Yih Industrial Co., Ltd. engages in the manufacture, sale, and trading of vehicle and auto-bicycle parts in Taiwan an... More
Ta Yih 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 Ta Yih'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 Ta Yih Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.29 |
Ta Yih Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ta Yih's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ta Yih's standard deviation. In reality, there are many statistical measures that can use Ta Yih historical prices to predict the future Ta Yih's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (1.13) |
Ta Yih Industrial Backtested Returns
Ta Yih Industrial retains Efficiency (Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of price deviation over the last 3 months. Ta Yih exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ta Yih's Risk Adjusted Performance of (0.1), standard deviation of 1.06, and Mean Deviation of 0.6838 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ta Yih's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ta Yih is expected to be smaller as well. At this point, Ta Yih Industrial has a negative expected return of -0.18%. Please make sure to validate Ta Yih's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ta Yih Industrial performance from the past will be repeated in the future.
Auto-correlation | 0.75 |
Good predictability
Ta Yih Industrial has good predictability. Overlapping area represents the amount of predictability between Ta Yih time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Ta Yih Industrial price movement. The serial correlation of 0.75 indicates that around 75.0% of current Ta Yih price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Ta Yih Industrial lagged returns against current returns
Autocorrelation, which is Ta Yih 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 Ta Yih's stock expected returns. We can calculate the autocorrelation of Ta Yih returns to help us make a trade decision. For example, suppose you find that Ta Yih 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 |
Ta Yih 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 Ta Yih stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ta Yih stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ta Yih stock over time.
Current vs Lagged Prices |
| Timeline |
Ta Yih Lagged Returns
When evaluating Ta Yih's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ta Yih stock have on its future price. Ta Yih 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, Ta Yih autocorrelation shows the relationship between Ta Yih stock current value and its past values and can show if there is a momentum factor associated with investing in Ta Yih Industrial.
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 1521 Stock Analysis
When running Ta Yih's price analysis, check to measure Ta Yih'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 Ta Yih is operating at the current time. Most of Ta Yih's value examination focuses on studying past and present price action to predict the probability of Ta Yih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ta Yih's price. Additionally, you may evaluate how the addition of Ta Yih to your portfolios can decrease your overall portfolio volatility.