Evergreen International (Taiwan) Market Value
| 2607 Stock | TWD 30.90 0.55 1.75% |
| Symbol | Evergreen |
Evergreen International '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 Evergreen International'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 Evergreen International.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Evergreen International on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Evergreen International Storage or generate 0.0% return on investment in Evergreen International over 180 days. Evergreen International is related to or competes with Yulon, Far Eastern, China Steel, Chang Hwa, and Oriental Union. Evergreen International Storage Transport Corporation engages in the container trucking, operation of container distribu... More
Evergreen International 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 Evergreen International'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 Evergreen International Storage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.64 |
Evergreen International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evergreen International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evergreen International's standard deviation. In reality, there are many statistical measures that can use Evergreen International historical prices to predict the future Evergreen International's volatility.| Risk Adjusted Performance | 0.0173 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0347 |
Evergreen International Backtested Returns
At this stage we consider Evergreen Stock to be very steady. Evergreen International secures Sharpe Ratio (or Efficiency) of 0.0245, which denotes the company had a 0.0245% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Evergreen International Storage, which you can use to evaluate the volatility of the firm. Please confirm Evergreen International's Mean Deviation of 0.7117, downside deviation of 1.26, and Coefficient Of Variation of 5218.01 to check if the risk estimate we provide is consistent with the expected return of 0.0259%. Evergreen International has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Evergreen International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evergreen International is expected to be smaller as well. Evergreen International right now shows a risk of 1.06%. Please confirm Evergreen International semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Evergreen International will be following its price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Evergreen International Storage has weak reverse predictability. Overlapping area represents the amount of predictability between Evergreen International 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 Evergreen International price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Evergreen International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Evergreen International lagged returns against current returns
Autocorrelation, which is Evergreen International 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 Evergreen International's stock expected returns. We can calculate the autocorrelation of Evergreen International returns to help us make a trade decision. For example, suppose you find that Evergreen International 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 |
Evergreen International 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 Evergreen International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evergreen International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evergreen International stock over time.
Current vs Lagged Prices |
| Timeline |
Evergreen International Lagged Returns
When evaluating Evergreen International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evergreen International stock have on its future price. Evergreen International 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, Evergreen International autocorrelation shows the relationship between Evergreen International stock current value and its past values and can show if there is a momentum factor associated with investing in Evergreen International Storage.
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 Evergreen Stock Analysis
When running Evergreen International's price analysis, check to measure Evergreen International'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 Evergreen International is operating at the current time. Most of Evergreen International's value examination focuses on studying past and present price action to predict the probability of Evergreen International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen International's price. Additionally, you may evaluate how the addition of Evergreen International to your portfolios can decrease your overall portfolio volatility.