Shuttle (Taiwan) Market Value
| 2405 Stock | TWD 20.90 0.05 0.24% |
| Symbol | Shuttle |
Shuttle '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 Shuttle'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 Shuttle.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Shuttle on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Shuttle or generate 0.0% return on investment in Shuttle over 720 days. Shuttle is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Shuttle Inc. designs and manufactures small form factor computers and accessories worldwide More
Shuttle 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 Shuttle'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 Shuttle upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 4.07 |
Shuttle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shuttle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shuttle's standard deviation. In reality, there are many statistical measures that can use Shuttle historical prices to predict the future Shuttle's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.23) |
Shuttle Backtested Returns
Shuttle owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0559, which indicates the firm had a -0.0559% return per unit of risk over the last 3 months. Shuttle exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shuttle's Variance of 5.75, insignificant risk adjusted performance, and Coefficient Of Variation of (6,765) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shuttle's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shuttle is expected to be smaller as well. At this point, Shuttle has a negative expected return of -0.13%. Please make sure to validate Shuttle's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Shuttle performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Shuttle has modest predictability. Overlapping area represents the amount of predictability between Shuttle time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Shuttle price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Shuttle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 4.1 |
Shuttle lagged returns against current returns
Autocorrelation, which is Shuttle 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 Shuttle's stock expected returns. We can calculate the autocorrelation of Shuttle returns to help us make a trade decision. For example, suppose you find that Shuttle 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 |
Shuttle 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 Shuttle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shuttle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shuttle stock over time.
Current vs Lagged Prices |
| Timeline |
Shuttle Lagged Returns
When evaluating Shuttle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shuttle stock have on its future price. Shuttle 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, Shuttle autocorrelation shows the relationship between Shuttle stock current value and its past values and can show if there is a momentum factor associated with investing in Shuttle.
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 Shuttle Stock Analysis
When running Shuttle's price analysis, check to measure Shuttle'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 Shuttle is operating at the current time. Most of Shuttle's value examination focuses on studying past and present price action to predict the probability of Shuttle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shuttle's price. Additionally, you may evaluate how the addition of Shuttle to your portfolios can decrease your overall portfolio volatility.