Tsann Kuen (Taiwan) Market Value
| 2430 Stock | TWD 31.95 0.15 0.47% |
| Symbol | Tsann |
Tsann Kuen '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 Tsann Kuen'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 Tsann Kuen.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tsann Kuen on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tsann Kuen Enterprise or generate 0.0% return on investment in Tsann Kuen over 30 days. Tsann Kuen is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. Tsann Kuen Enterprise Co., Ltd., through its subsidiaries, engages in the manufacture and sale of electrical and electro... More
Tsann Kuen 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 Tsann Kuen'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 Tsann Kuen Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.6154 |
Tsann Kuen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsann Kuen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsann Kuen's standard deviation. In reality, there are many statistical measures that can use Tsann Kuen historical prices to predict the future Tsann Kuen's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 1.19 |
Tsann Kuen Enterprise Backtested Returns
Tsann Kuen Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Tsann Kuen Enterprise exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tsann Kuen's Coefficient Of Variation of (847.67), risk adjusted performance of (0.09), and Variance of 0.3101 to confirm the risk estimate we provide. The entity has a beta of -0.0638, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tsann Kuen are expected to decrease at a much lower rate. During the bear market, Tsann Kuen is likely to outperform the market. At this point, Tsann Kuen Enterprise has a negative expected return of -0.0618%. Please make sure to validate Tsann Kuen'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 Tsann Kuen Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Tsann Kuen Enterprise has very weak predictability. Overlapping area represents the amount of predictability between Tsann Kuen time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Tsann Kuen Enterprise price movement. The serial correlation of 0.16 indicates that over 16.0% of current Tsann Kuen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Tsann Kuen Enterprise lagged returns against current returns
Autocorrelation, which is Tsann Kuen 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 Tsann Kuen's stock expected returns. We can calculate the autocorrelation of Tsann Kuen returns to help us make a trade decision. For example, suppose you find that Tsann Kuen 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 |
Tsann Kuen 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 Tsann Kuen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsann Kuen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsann Kuen stock over time.
Current vs Lagged Prices |
| Timeline |
Tsann Kuen Lagged Returns
When evaluating Tsann Kuen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsann Kuen stock have on its future price. Tsann Kuen 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, Tsann Kuen autocorrelation shows the relationship between Tsann Kuen stock current value and its past values and can show if there is a momentum factor associated with investing in Tsann Kuen Enterprise.
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 Tsann Stock Analysis
When running Tsann Kuen's price analysis, check to measure Tsann Kuen'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 Tsann Kuen is operating at the current time. Most of Tsann Kuen's value examination focuses on studying past and present price action to predict the probability of Tsann Kuen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tsann Kuen's price. Additionally, you may evaluate how the addition of Tsann Kuen to your portfolios can decrease your overall portfolio volatility.