Formosan Union (Taiwan) Market Value
| 1709 Stock | TWD 21.45 0.05 0.23% |
| Symbol | Formosan |
Formosan Union '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 Formosan Union'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 Formosan Union.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Formosan Union on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Formosan Union Chemical or generate 0.0% return on investment in Formosan Union over 690 days. Formosan Union is related to or competes with Formosa Petrochemical, and Cathay Financial. Formosan Union Chemical Corp. produces and sells chemical products in Taiwan More
Formosan Union 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 Formosan Union'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 Formosan Union Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.32 |
Formosan Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosan Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosan Union's standard deviation. In reality, there are many statistical measures that can use Formosan Union historical prices to predict the future Formosan Union's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.66) |
Formosan Union Chemical Backtested Returns
Formosan Union Chemical secures Sharpe Ratio (or Efficiency) of -0.0716, which denotes the company had a -0.0716% return per unit of risk over the last 3 months. Formosan Union Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosan Union's Standard Deviation of 1.59, variance of 2.54, and Mean Deviation of 1.06 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Formosan Union's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formosan Union is expected to be smaller as well. At this point, Formosan Union Chemical has a negative expected return of -0.12%. Please make sure to confirm Formosan Union's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Formosan Union Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Formosan Union Chemical has very good reverse predictability. Overlapping area represents the amount of predictability between Formosan Union time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 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 Formosan Union Chemical price movement. The serial correlation of -0.67 indicates that around 67.0% of current Formosan Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 2.94 |
Formosan Union Chemical lagged returns against current returns
Autocorrelation, which is Formosan Union 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 Formosan Union's stock expected returns. We can calculate the autocorrelation of Formosan Union returns to help us make a trade decision. For example, suppose you find that Formosan Union 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 |
Formosan Union 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 Formosan Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosan Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosan Union stock over time.
Current vs Lagged Prices |
| Timeline |
Formosan Union Lagged Returns
When evaluating Formosan Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosan Union stock have on its future price. Formosan Union 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, Formosan Union autocorrelation shows the relationship between Formosan Union stock current value and its past values and can show if there is a momentum factor associated with investing in Formosan Union Chemical.
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 Formosan Stock Analysis
When running Formosan Union's price analysis, check to measure Formosan Union'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 Formosan Union is operating at the current time. Most of Formosan Union's value examination focuses on studying past and present price action to predict the probability of Formosan Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosan Union's price. Additionally, you may evaluate how the addition of Formosan Union to your portfolios can decrease your overall portfolio volatility.