Da Cin (Taiwan) Market Value
| 2535 Stock | TWD 50.10 0.10 0.20% |
| Symbol | 2535 |
Da Cin '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 Da Cin'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 Da Cin.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Da Cin on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Da Cin Construction Co or generate 0.0% return on investment in Da Cin over 30 days. Da Cin is related to or competes with Huaku Development, Highwealth Construction, Kindom Construction, Kedge Construction, and Goldsun Building. ,Ltd. operates as a construction company in Taiwan and internationally More
Da Cin 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 Da Cin'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 Da Cin Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.34 |
Da Cin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Da Cin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Da Cin's standard deviation. In reality, there are many statistical measures that can use Da Cin historical prices to predict the future Da Cin's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.86) |
Da Cin Construction Backtested Returns
Da Cin Construction retains Efficiency (Sharpe Ratio) of -0.15, which denotes the company had a -0.15% return per unit of price deviation over the last 3 months. Da Cin exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Da Cin's Standard Deviation of 0.9142, information ratio of (0.27), and Market Risk Adjusted Performance of (0.85) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Da Cin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Da Cin is expected to be smaller as well. At this point, Da Cin Construction has a negative expected return of -0.14%. Please make sure to confirm Da Cin's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Da Cin Construction performance from the past will be repeated at some future date.
Auto-correlation | 0.30 |
Below average predictability
Da Cin Construction Co has below average predictability. Overlapping area represents the amount of predictability between Da Cin time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Da Cin Construction price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Da Cin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Da Cin Construction lagged returns against current returns
Autocorrelation, which is Da Cin 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 Da Cin's stock expected returns. We can calculate the autocorrelation of Da Cin returns to help us make a trade decision. For example, suppose you find that Da Cin 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 |
Da Cin 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 Da Cin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Da Cin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Da Cin stock over time.
Current vs Lagged Prices |
| Timeline |
Da Cin Lagged Returns
When evaluating Da Cin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Da Cin stock have on its future price. Da Cin 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, Da Cin autocorrelation shows the relationship between Da Cin stock current value and its past values and can show if there is a momentum factor associated with investing in Da Cin Construction 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 2535 Stock Analysis
When running Da Cin's price analysis, check to measure Da Cin'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 Da Cin is operating at the current time. Most of Da Cin's value examination focuses on studying past and present price action to predict the probability of Da Cin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Da Cin's price. Additionally, you may evaluate how the addition of Da Cin to your portfolios can decrease your overall portfolio volatility.