Nantex Industry (Taiwan) Market Value
| 2108 Stock | TWD 34.45 0.10 0.29% |
| Symbol | Nantex |
Nantex Industry '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 Nantex Industry'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 Nantex Industry.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nantex Industry on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nantex Industry Co or generate 0.0% return on investment in Nantex Industry over 180 days. Nantex Industry is related to or competes with Cheng Shin, Taiwan Cement, China Steel, and Yulon. NANTEX Industry Co., Ltd. produces and sells synthetic rubber latex, acrylonitrile-butadiene rubber, carbon masterbatch ... More
Nantex Industry 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 Nantex Industry'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 Nantex Industry Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.18 |
Nantex Industry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nantex Industry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nantex Industry's standard deviation. In reality, there are many statistical measures that can use Nantex Industry historical prices to predict the future Nantex Industry's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.65) |
Nantex Industry Backtested Returns
Nantex Industry has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Nantex Industry exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nantex Industry's Standard Deviation of 1.57, mean deviation of 1.07, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. 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, Nantex Industry's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nantex Industry is expected to be smaller as well. At this point, Nantex Industry has a negative expected return of -0.17%. Please make sure to verify Nantex Industry's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Nantex Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Nantex Industry Co has good reverse predictability. Overlapping area represents the amount of predictability between Nantex Industry time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Nantex Industry price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Nantex Industry price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1.83 |
Nantex Industry lagged returns against current returns
Autocorrelation, which is Nantex Industry 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 Nantex Industry's stock expected returns. We can calculate the autocorrelation of Nantex Industry returns to help us make a trade decision. For example, suppose you find that Nantex Industry 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 |
Nantex Industry 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 Nantex Industry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nantex Industry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nantex Industry stock over time.
Current vs Lagged Prices |
| Timeline |
Nantex Industry Lagged Returns
When evaluating Nantex Industry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nantex Industry stock have on its future price. Nantex Industry 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, Nantex Industry autocorrelation shows the relationship between Nantex Industry stock current value and its past values and can show if there is a momentum factor associated with investing in Nantex Industry 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 Nantex Stock Analysis
When running Nantex Industry's price analysis, check to measure Nantex Industry'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 Nantex Industry is operating at the current time. Most of Nantex Industry's value examination focuses on studying past and present price action to predict the probability of Nantex Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nantex Industry's price. Additionally, you may evaluate how the addition of Nantex Industry to your portfolios can decrease your overall portfolio volatility.