Mayer Steel (Taiwan) Market Value
| 2020 Stock | TWD 29.40 0.55 1.84% |
| Symbol | Mayer |
Mayer Steel '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 Mayer Steel'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 Mayer Steel.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Mayer Steel on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mayer Steel Pipe or generate 0.0% return on investment in Mayer Steel over 30 days. Mayer Steel is related to or competes with Froch Enterprise, Hsin Kuang, Chung Hung, Tung Ho, and Feng Hsin. Mayer Steel Pipe Corporation manufactures steel pipes and tubular products in Taiwan More
Mayer Steel 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 Mayer Steel'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 Mayer Steel Pipe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.11 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.89 |
Mayer Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mayer Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mayer Steel's standard deviation. In reality, there are many statistical measures that can use Mayer Steel historical prices to predict the future Mayer Steel's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.0116 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1514 |
Mayer Steel Pipe Backtested Returns
At this stage we consider Mayer Stock to be very steady. Mayer Steel Pipe has Sharpe Ratio of 0.0369, which conveys that the firm had a 0.0369% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mayer Steel, which you can use to evaluate the volatility of the firm. Please verify Mayer Steel's Mean Deviation of 0.901, downside deviation of 1.23, and Risk Adjusted Performance of 0.0376 to check out if the risk estimate we provide is consistent with the expected return of 0.051%. Mayer Steel has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mayer Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mayer Steel is expected to be smaller as well. Mayer Steel Pipe right now secures a risk of 1.38%. Please verify Mayer Steel Pipe total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Mayer Steel Pipe will be following its current price movements.
Auto-correlation | 0.78 |
Good predictability
Mayer Steel Pipe has good predictability. Overlapping area represents the amount of predictability between Mayer Steel time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Mayer Steel Pipe price movement. The serial correlation of 0.78 indicates that around 78.0% of current Mayer Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Mayer Steel Pipe lagged returns against current returns
Autocorrelation, which is Mayer Steel 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 Mayer Steel's stock expected returns. We can calculate the autocorrelation of Mayer Steel returns to help us make a trade decision. For example, suppose you find that Mayer Steel 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 |
Mayer Steel 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 Mayer Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mayer Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mayer Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Mayer Steel Lagged Returns
When evaluating Mayer Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mayer Steel stock have on its future price. Mayer Steel 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, Mayer Steel autocorrelation shows the relationship between Mayer Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Mayer Steel Pipe.
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 Mayer Stock Analysis
When running Mayer Steel's price analysis, check to measure Mayer Steel'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 Mayer Steel is operating at the current time. Most of Mayer Steel's value examination focuses on studying past and present price action to predict the probability of Mayer Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mayer Steel's price. Additionally, you may evaluate how the addition of Mayer Steel to your portfolios can decrease your overall portfolio volatility.