ReaLy Development (Taiwan) Market Value
| 2596 Stock | TWD 41.35 0.05 0.12% |
| Symbol | ReaLy |
ReaLy Development '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 ReaLy Development'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 ReaLy Development.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in ReaLy Development on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding ReaLy Development Construction or generate 0.0% return on investment in ReaLy Development over 390 days. ReaLy Development is related to or competes with Loop Telecommunicatio, Unitech Computer, U Ming, Far EasTone, Dadi Early, Tehmag Foods, and Sunfar Computer. More
ReaLy Development 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 ReaLy Development'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 ReaLy Development Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 3.38 |
ReaLy Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ReaLy Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ReaLy Development's standard deviation. In reality, there are many statistical measures that can use ReaLy Development historical prices to predict the future ReaLy Development's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.25) |
ReaLy Development Backtested Returns
ReaLy Development maintains Sharpe Ratio (i.e., Efficiency) of -0.0551, which implies the firm had a -0.0551% return per unit of risk over the last 3 months. ReaLy Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ReaLy Development's Coefficient Of Variation of (2,846), variance of 5.73, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, ReaLy Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding ReaLy Development is expected to be smaller as well. At this point, ReaLy Development has a negative expected return of -0.13%. Please make sure to check ReaLy Development's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if ReaLy Development performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
ReaLy Development Construction has weak reverse predictability. Overlapping area represents the amount of predictability between ReaLy Development time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 ReaLy Development price movement. The serial correlation of -0.21 indicates that over 21.0% of current ReaLy Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 24.41 |
ReaLy Development lagged returns against current returns
Autocorrelation, which is ReaLy Development 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 ReaLy Development's stock expected returns. We can calculate the autocorrelation of ReaLy Development returns to help us make a trade decision. For example, suppose you find that ReaLy Development 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 |
ReaLy Development 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 ReaLy Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ReaLy Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ReaLy Development stock over time.
Current vs Lagged Prices |
| Timeline |
ReaLy Development Lagged Returns
When evaluating ReaLy Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ReaLy Development stock have on its future price. ReaLy Development 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, ReaLy Development autocorrelation shows the relationship between ReaLy Development stock current value and its past values and can show if there is a momentum factor associated with investing in ReaLy Development Construction.
Regressed Prices |
| Timeline |
Pair Trading with ReaLy Development
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ReaLy Development position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ReaLy Development will appreciate offsetting losses from the drop in the long position's value.Moving together with ReaLy Stock
Moving against ReaLy Stock
| 0.79 | 910322 | Tingyi Holding Corp | PairCorr |
| 0.66 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.63 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.57 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.36 | 0051 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to ReaLy Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ReaLy Development when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ReaLy Development - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ReaLy Development Construction to buy it.
The correlation of ReaLy Development is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ReaLy Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ReaLy Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ReaLy Development can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ReaLy Stock Analysis
When running ReaLy Development's price analysis, check to measure ReaLy Development'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 ReaLy Development is operating at the current time. Most of ReaLy Development's value examination focuses on studying past and present price action to predict the probability of ReaLy Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ReaLy Development's price. Additionally, you may evaluate how the addition of ReaLy Development to your portfolios can decrease your overall portfolio volatility.