Basso Industry (Taiwan) Market Value
| 1527 Stock | TWD 43.20 0.80 1.89% |
| Symbol | Basso |
Basso Industry '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 Basso Industry'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 Basso Industry.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Basso Industry on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Basso Industry Corp or generate 0.0% return on investment in Basso Industry over 60 days. Basso Industry is related to or competes with Cheng Shin, Kung Long, Pou Chen, China Steel, and Formosa Chemicals. Basso Industry Corp. manufactures and sells pneumatic fastening tools worldwide More
Basso Industry 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 Basso Industry'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 Basso Industry Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.57 |
Basso Industry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Basso Industry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Basso Industry's standard deviation. In reality, there are many statistical measures that can use Basso Industry historical prices to predict the future Basso Industry's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.27) |
Basso Industry Corp Backtested Returns
Basso Industry Corp secures Sharpe Ratio (or Efficiency) of -0.0417, which signifies that the company had a -0.0417% return per unit of risk over the last 3 months. Basso Industry Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Basso Industry's Standard Deviation of 1.69, risk adjusted performance of (0.04), and Mean Deviation of 1.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Basso Industry's returns are expected to increase less than the market. However, during the bear market, the loss of holding Basso Industry is expected to be smaller as well. At this point, Basso Industry Corp has a negative expected return of -0.0726%. Please make sure to confirm Basso Industry's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Basso Industry Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Basso Industry Corp has modest predictability. Overlapping area represents the amount of predictability between Basso Industry time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 2024 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 Basso Industry Corp price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Basso Industry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Basso Industry Corp lagged returns against current returns
Autocorrelation, which is Basso Industry 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 Basso Industry's stock expected returns. We can calculate the autocorrelation of Basso Industry returns to help us make a trade decision. For example, suppose you find that Basso Industry 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 |
Basso Industry 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 Basso Industry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Basso Industry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Basso Industry stock over time.
Current vs Lagged Prices |
| Timeline |
Basso Industry Lagged Returns
When evaluating Basso Industry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Basso Industry stock have on its future price. Basso Industry 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, Basso Industry autocorrelation shows the relationship between Basso Industry stock current value and its past values and can show if there is a momentum factor associated with investing in Basso Industry Corp.
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 Basso Stock Analysis
When running Basso Industry's price analysis, check to measure Basso Industry'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 Basso Industry is operating at the current time. Most of Basso Industry's value examination focuses on studying past and present price action to predict the probability of Basso Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Basso Industry's price. Additionally, you may evaluate how the addition of Basso Industry to your portfolios can decrease your overall portfolio volatility.