Eternal Materials (Taiwan) Market Value
| 1717 Stock | TWD 29.70 0.05 0.17% |
| Symbol | Eternal |
Eternal Materials '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 Eternal Materials' 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 Eternal Materials.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Eternal Materials on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Eternal Materials Co or generate 0.0% return on investment in Eternal Materials over 30 days. Eternal Materials is related to or competes with Cheng Shin, Taiwan Cement, China Steel, and Yulon. Eternal Materials Co., Ltd. manufactures and sells resin, high performance, and electronic materials More
Eternal Materials 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 Eternal Materials' 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 Eternal Materials Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.65 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.98 |
Eternal Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eternal Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eternal Materials' standard deviation. In reality, there are many statistical measures that can use Eternal Materials historical prices to predict the future Eternal Materials' volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0383 |
Eternal Materials Backtested Returns
Eternal Materials secures Sharpe Ratio (or Efficiency) of -0.0254, which denotes the company had a -0.0254% return per unit of risk over the last 3 months. Eternal Materials Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eternal Materials' Downside Deviation of 1.54, coefficient of variation of 7029.49, and Mean Deviation of 1.14 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eternal Materials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Eternal Materials is expected to be smaller as well. At this point, Eternal Materials has a negative expected return of -0.0398%. Please make sure to confirm Eternal Materials' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Eternal Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Eternal Materials Co has modest predictability. Overlapping area represents the amount of predictability between Eternal Materials time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Eternal Materials price movement. The serial correlation of 0.52 indicates that about 52.0% of current Eternal Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Eternal Materials lagged returns against current returns
Autocorrelation, which is Eternal Materials 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 Eternal Materials' stock expected returns. We can calculate the autocorrelation of Eternal Materials returns to help us make a trade decision. For example, suppose you find that Eternal Materials 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 |
Eternal Materials 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 Eternal Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eternal Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eternal Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Eternal Materials Lagged Returns
When evaluating Eternal Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eternal Materials stock have on its future price. Eternal Materials 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, Eternal Materials autocorrelation shows the relationship between Eternal Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Eternal Materials Co.
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 Eternal Stock Analysis
When running Eternal Materials' price analysis, check to measure Eternal Materials' 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 Eternal Materials is operating at the current time. Most of Eternal Materials' value examination focuses on studying past and present price action to predict the probability of Eternal Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eternal Materials' price. Additionally, you may evaluate how the addition of Eternal Materials to your portfolios can decrease your overall portfolio volatility.