Ta Ya (Taiwan) Market Value
| 1609 Stock | TWD 47.10 0.30 0.64% |
| Symbol | 1609 |
Ta Ya '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 Ya'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 Ya.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ta Ya on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ta Ya Electric or generate 0.0% return on investment in Ta Ya over 30 days. Ta Ya is related to or competes with Yulon, Far Eastern, China Steel, Chang Hwa, and Oriental Union. Ta Ya Electric Wire Cable Co., Ltd engages in the manufacture and sale of electric wires and cables in Taiwan and rest o... More
Ta Ya 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 Ya'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 Ya Electric upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.96 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.57 |
Ta Ya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ta Ya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ta Ya's standard deviation. In reality, there are many statistical measures that can use Ta Ya historical prices to predict the future Ta Ya's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.98) |
Ta Ya Electric Backtested Returns
Ta Ya Electric retains Efficiency (Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of price deviation over the last 3 months. Ta Ya exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ta Ya's Standard Deviation of 1.64, mean deviation of 1.25, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Ta Ya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ta Ya is expected to be smaller as well. At this point, Ta Ya Electric has a negative expected return of -0.17%. Please make sure to validate Ta Ya's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Ta Ya Electric performance from the past will be repeated in the future.
Auto-correlation | -0.38 |
Poor reverse predictability
Ta Ya Electric has poor reverse predictability. Overlapping area represents the amount of predictability between Ta Ya time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Ta Ya Electric price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Ta Ya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Ta Ya Electric lagged returns against current returns
Autocorrelation, which is Ta Ya 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 Ya's stock expected returns. We can calculate the autocorrelation of Ta Ya returns to help us make a trade decision. For example, suppose you find that Ta Ya 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 Ya 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 Ya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ta Ya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ta Ya stock over time.
Current vs Lagged Prices |
| Timeline |
Ta Ya Lagged Returns
When evaluating Ta Ya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ta Ya stock have on its future price. Ta Ya 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 Ya autocorrelation shows the relationship between Ta Ya stock current value and its past values and can show if there is a momentum factor associated with investing in Ta Ya Electric.
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 1609 Stock Analysis
When running Ta Ya's price analysis, check to measure Ta Ya'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 Ya is operating at the current time. Most of Ta Ya's value examination focuses on studying past and present price action to predict the probability of Ta Ya'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 Ya's price. Additionally, you may evaluate how the addition of Ta Ya to your portfolios can decrease your overall portfolio volatility.