Tycoons Group (Taiwan) Market Value
| 2022 Stock | TWD 9.20 0.04 0.43% |
| Symbol | Tycoons |
Tycoons Group '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 Tycoons Group'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 Tycoons Group.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Tycoons Group on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Tycoons Group Enterprise or generate 0.0% return on investment in Tycoons Group over 720 days. Tycoons Group is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Information Technology, and Kinko Optical. ,Ltd. produces and sells spheroidized annealed wires, screws, and automotive fasteners worldwide More
Tycoons Group 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 Tycoons Group'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 Tycoons Group Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.22 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.34 |
Tycoons Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tycoons Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tycoons Group's standard deviation. In reality, there are many statistical measures that can use Tycoons Group historical prices to predict the future Tycoons Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.16) |
Tycoons Group Enterprise Backtested Returns
Tycoons Group Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0093, which indicates the firm had a -0.0093% return per unit of risk over the last 3 months. Tycoons Group Enterprise exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tycoons Group's Variance of 3.7, coefficient of variation of (1,851), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tycoons Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tycoons Group is expected to be smaller as well. At this point, Tycoons Group Enterprise has a negative expected return of -0.0174%. Please make sure to validate Tycoons Group's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Tycoons Group Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Tycoons Group Enterprise has very good reverse predictability. Overlapping area represents the amount of predictability between Tycoons Group time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Tycoons Group Enterprise price movement. The serial correlation of -0.68 indicates that around 68.0% of current Tycoons Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
Tycoons Group Enterprise lagged returns against current returns
Autocorrelation, which is Tycoons Group 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 Tycoons Group's stock expected returns. We can calculate the autocorrelation of Tycoons Group returns to help us make a trade decision. For example, suppose you find that Tycoons Group 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 |
Tycoons Group 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 Tycoons Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tycoons Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tycoons Group stock over time.
Current vs Lagged Prices |
| Timeline |
Tycoons Group Lagged Returns
When evaluating Tycoons Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tycoons Group stock have on its future price. Tycoons Group 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, Tycoons Group autocorrelation shows the relationship between Tycoons Group stock current value and its past values and can show if there is a momentum factor associated with investing in Tycoons Group Enterprise.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Tycoons Stock Analysis
When running Tycoons Group's price analysis, check to measure Tycoons Group'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 Tycoons Group is operating at the current time. Most of Tycoons Group's value examination focuses on studying past and present price action to predict the probability of Tycoons Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tycoons Group's price. Additionally, you may evaluate how the addition of Tycoons Group to your portfolios can decrease your overall portfolio volatility.