Ta Chen (Taiwan) Market Value
| 2027 Stock | TWD 34.25 0.80 2.39% |
| Symbol | 2027 |
Ta Chen '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 Chen'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 Chen.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Ta Chen on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ta Chen Stainless or generate 0.0% return on investment in Ta Chen over 30 days. Ta Chen is related to or competes with Chung Hung, China Steel, Tung Ho, Yang Ming, and Evergreen Marine. Ta Chen Stainless Pipe Co., Ltd. produces and sells stainless steel and aluminum products More
Ta Chen 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 Chen'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 Chen Stainless upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.69 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 4.59 |
Ta Chen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ta Chen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ta Chen's standard deviation. In reality, there are many statistical measures that can use Ta Chen historical prices to predict the future Ta Chen's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.04) |
Ta Chen Stainless Backtested Returns
Ta Chen Stainless retains Efficiency (Sharpe Ratio) of -0.0198, which indicates the firm had a -0.0198% return per unit of price deviation over the last 3 months. Ta Chen exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ta Chen's Mean Deviation of 1.57, risk adjusted performance of 2.0E-4, and Standard Deviation of 2.13 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Ta Chen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ta Chen is expected to be smaller as well. At this point, Ta Chen Stainless has a negative expected return of -0.0424%. Please make sure to validate Ta Chen'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 Chen Stainless performance from the past will be repeated in the future.
Auto-correlation | 0.21 |
Weak predictability
Ta Chen Stainless has weak predictability. Overlapping area represents the amount of predictability between Ta Chen 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 Ta Chen Stainless price movement. The serial correlation of 0.21 indicates that over 21.0% of current Ta Chen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Ta Chen Stainless lagged returns against current returns
Autocorrelation, which is Ta Chen 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 Chen's stock expected returns. We can calculate the autocorrelation of Ta Chen returns to help us make a trade decision. For example, suppose you find that Ta Chen 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 Chen 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 Chen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ta Chen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ta Chen stock over time.
Current vs Lagged Prices |
| Timeline |
Ta Chen Lagged Returns
When evaluating Ta Chen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ta Chen stock have on its future price. Ta Chen 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 Chen autocorrelation shows the relationship between Ta Chen stock current value and its past values and can show if there is a momentum factor associated with investing in Ta Chen Stainless.
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 2027 Stock Analysis
When running Ta Chen's price analysis, check to measure Ta Chen'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 Chen is operating at the current time. Most of Ta Chen's value examination focuses on studying past and present price action to predict the probability of Ta Chen'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 Chen's price. Additionally, you may evaluate how the addition of Ta Chen to your portfolios can decrease your overall portfolio volatility.