New Asia (Taiwan) Market Value
| 2516 Stock | TWD 13.70 0.15 1.08% |
| Symbol | New |
New Asia '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 New Asia'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 New Asia.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in New Asia on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding New Asia Construction or generate 0.0% return on investment in New Asia over 720 days. New Asia is related to or competes with Yulon, Far Eastern, China Steel, Chang Hwa, and Oriental Union. New Asia Construction Development Corp. provides public construction services for governments in Taiwan More
New Asia 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 New Asia'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 New Asia Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.67 |
New Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Asia's standard deviation. In reality, there are many statistical measures that can use New Asia historical prices to predict the future New Asia's volatility.| Risk Adjusted Performance | 0.1379 | |||
| Jensen Alpha | 0.18 | |||
| Total Risk Alpha | 0.0135 | |||
| Sortino Ratio | 0.0767 | |||
| Treynor Ratio | 0.5591 |
New Asia Construction Backtested Returns
New Asia appears to be very steady, given 3 months investment horizon. New Asia Construction has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for New Asia, which you can use to evaluate the volatility of the firm. Please exercise New Asia's Risk Adjusted Performance of 0.1379, downside deviation of 1.42, and Mean Deviation of 0.9502 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Asia holds a performance score of 13. The company secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Asia is expected to be smaller as well. Please check New Asia's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether New Asia's current price movements will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
New Asia Construction has insignificant reverse predictability. Overlapping area represents the amount of predictability between New Asia time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 New Asia Construction price movement. The serial correlation of -0.12 indicates that less than 12.0% of current New Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
New Asia Construction lagged returns against current returns
Autocorrelation, which is New Asia 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 New Asia's stock expected returns. We can calculate the autocorrelation of New Asia returns to help us make a trade decision. For example, suppose you find that New Asia 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 |
New Asia 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 New Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Asia stock over time.
Current vs Lagged Prices |
| Timeline |
New Asia Lagged Returns
When evaluating New Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Asia stock have on its future price. New Asia 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, New Asia autocorrelation shows the relationship between New Asia stock current value and its past values and can show if there is a momentum factor associated with investing in New Asia Construction.
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 New Stock Analysis
When running New Asia's price analysis, check to measure New Asia'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 New Asia is operating at the current time. Most of New Asia's value examination focuses on studying past and present price action to predict the probability of New Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Asia's price. Additionally, you may evaluate how the addition of New Asia to your portfolios can decrease your overall portfolio volatility.