TYC Brother (Taiwan) Market Value
| 1522 Stock | TWD 63.90 0.20 0.31% |
| Symbol | TYC |
TYC Brother '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 TYC Brother'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 TYC Brother.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in TYC Brother on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding TYC Brother Industrial or generate 0.0% return on investment in TYC Brother over 720 days. TYC Brother is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. TYC Brother Industrial Co., Ltd. manufactures and sells vehicle lighting products for two, three, and four wheelers worl... More
TYC Brother 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 TYC Brother'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 TYC Brother Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.51 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.1 |
TYC Brother Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TYC Brother's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TYC Brother's standard deviation. In reality, there are many statistical measures that can use TYC Brother historical prices to predict the future TYC Brother's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.07 |
TYC Brother Industrial Backtested Returns
TYC Brother Industrial retains Efficiency (Sharpe Ratio) of -0.0331, which indicates the firm had a -0.0331% return per unit of volatility over the last 3 months. TYC Brother exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TYC Brother's standard deviation of 1.98, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.0791, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TYC Brother are expected to decrease at a much lower rate. During the bear market, TYC Brother is likely to outperform the market. At this point, TYC Brother Industrial has a negative expected return of -0.0652%. Please make sure to validate TYC Brother's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if TYC Brother Industrial performance from the past will be repeated at some future point.
Auto-correlation | 0.64 |
Good predictability
TYC Brother Industrial has good predictability. Overlapping area represents the amount of predictability between TYC Brother time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 TYC Brother Industrial price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current TYC Brother price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 118.92 |
TYC Brother Industrial lagged returns against current returns
Autocorrelation, which is TYC Brother 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 TYC Brother's stock expected returns. We can calculate the autocorrelation of TYC Brother returns to help us make a trade decision. For example, suppose you find that TYC Brother 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 |
TYC Brother 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 TYC Brother stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TYC Brother stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TYC Brother stock over time.
Current vs Lagged Prices |
| Timeline |
TYC Brother Lagged Returns
When evaluating TYC Brother's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TYC Brother stock have on its future price. TYC Brother 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, TYC Brother autocorrelation shows the relationship between TYC Brother stock current value and its past values and can show if there is a momentum factor associated with investing in TYC Brother 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 TYC Stock Analysis
When running TYC Brother's price analysis, check to measure TYC Brother'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 TYC Brother is operating at the current time. Most of TYC Brother's value examination focuses on studying past and present price action to predict the probability of TYC Brother's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TYC Brother's price. Additionally, you may evaluate how the addition of TYC Brother to your portfolios can decrease your overall portfolio volatility.