Formosan Rubber (Taiwan) Market Value
| 2107 Stock | TWD 25.75 0.15 0.59% |
| Symbol | Formosan |
Formosan Rubber '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 Rubber'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 Rubber.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Formosan Rubber on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Formosan Rubber Group or generate 0.0% return on investment in Formosan Rubber over 720 days. Formosan Rubber is related to or competes with Nankang Rubber, Federal Corp, Kenda Rubber, Yulon, and Sanyang. Formosan Rubber Group Inc. manufactures and sells plastic, rubber, and leather products More
Formosan Rubber 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 Rubber'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 Rubber Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 2.83 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.7797 |
Formosan Rubber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosan Rubber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosan Rubber's standard deviation. In reality, there are many statistical measures that can use Formosan Rubber historical prices to predict the future Formosan Rubber's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.45) |
Formosan Rubber Group Backtested Returns
Formosan Rubber Group secures Sharpe Ratio (or Efficiency) of -0.098, which denotes the company had a -0.098% return per unit of risk over the last 3 months. Formosan Rubber Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosan Rubber's Standard Deviation of 0.5686, variance of 0.3233, and Mean Deviation of 0.3898 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 Rubber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formosan Rubber is expected to be smaller as well. At this point, Formosan Rubber Group has a negative expected return of -0.0559%. Please make sure to confirm Formosan Rubber's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Formosan Rubber Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Formosan Rubber Group has virtually no predictability. Overlapping area represents the amount of predictability between Formosan Rubber time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Formosan Rubber Group price movement. The serial correlation of 0.02 indicates that only 2.0% of current Formosan Rubber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Formosan Rubber Group lagged returns against current returns
Autocorrelation, which is Formosan Rubber 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 Rubber's stock expected returns. We can calculate the autocorrelation of Formosan Rubber returns to help us make a trade decision. For example, suppose you find that Formosan Rubber 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 Rubber 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 Rubber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosan Rubber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosan Rubber stock over time.
Current vs Lagged Prices |
| Timeline |
Formosan Rubber Lagged Returns
When evaluating Formosan Rubber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosan Rubber stock have on its future price. Formosan Rubber 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 Rubber autocorrelation shows the relationship between Formosan Rubber stock current value and its past values and can show if there is a momentum factor associated with investing in Formosan Rubber Group.
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 Rubber's price analysis, check to measure Formosan Rubber'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 Rubber is operating at the current time. Most of Formosan Rubber's value examination focuses on studying past and present price action to predict the probability of Formosan Rubber'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 Rubber's price. Additionally, you may evaluate how the addition of Formosan Rubber to your portfolios can decrease your overall portfolio volatility.