First Steamship (Taiwan) Market Value
| 2601 Stock | TWD 7.76 0.14 1.77% |
| Symbol | First |
First Steamship '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 First Steamship'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 First Steamship.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in First Steamship on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding First Steamship Co or generate 0.0% return on investment in First Steamship over 180 days. First Steamship is related to or competes with Sincere Navigation, Evergreen International, Far Eastern, Hung Sheng, and China Container. First Steamship Company, Ltd. operates as a shipping company in Taiwan More
First Steamship 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 First Steamship'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 First Steamship Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.0112 | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 4.0 |
First Steamship Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Steamship's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Steamship's standard deviation. In reality, there are many statistical measures that can use First Steamship historical prices to predict the future First Steamship's volatility.| Risk Adjusted Performance | 0.0627 | |||
| Jensen Alpha | 0.1257 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0103 | |||
| Treynor Ratio | 0.9543 |
First Steamship Backtested Returns
At this stage we consider First Stock to be somewhat reliable. First Steamship secures Sharpe Ratio (or Efficiency) of 0.0508, which denotes the company had a 0.0508% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Steamship Co, which you can use to evaluate the volatility of the firm. Please confirm First Steamship's Downside Deviation of 2.27, mean deviation of 1.32, and Coefficient Of Variation of 1357.52 to check if the risk estimate we provide is consistent with the expected return of 0.11%. First Steamship has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, First Steamship's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Steamship is expected to be smaller as well. First Steamship right now shows a risk of 2.14%. Please confirm First Steamship jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if First Steamship will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
First Steamship Co has poor reverse predictability. Overlapping area represents the amount of predictability between First Steamship time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 First Steamship price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current First Steamship price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
First Steamship lagged returns against current returns
Autocorrelation, which is First Steamship 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 First Steamship's stock expected returns. We can calculate the autocorrelation of First Steamship returns to help us make a trade decision. For example, suppose you find that First Steamship 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 |
First Steamship 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 First Steamship stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Steamship stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Steamship stock over time.
Current vs Lagged Prices |
| Timeline |
First Steamship Lagged Returns
When evaluating First Steamship's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Steamship stock have on its future price. First Steamship 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, First Steamship autocorrelation shows the relationship between First Steamship stock current value and its past values and can show if there is a momentum factor associated with investing in First Steamship 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 First Stock Analysis
When running First Steamship's price analysis, check to measure First Steamship'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 First Steamship is operating at the current time. Most of First Steamship's value examination focuses on studying past and present price action to predict the probability of First Steamship's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Steamship's price. Additionally, you may evaluate how the addition of First Steamship to your portfolios can decrease your overall portfolio volatility.