Taiwan High (Taiwan) Market Value
| 2633 Stock | TWD 28.75 0.20 0.70% |
| Symbol | Taiwan |
Taiwan High '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 Taiwan High'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 Taiwan High.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Taiwan High on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan High Speed or generate 0.0% return on investment in Taiwan High over 30 days. Taiwan High is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. Taiwan High Speed Rail Corporation operates and manages high speed rail system in Taiwan More
Taiwan High 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 Taiwan High'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 Taiwan High Speed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.04 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.06 |
Taiwan High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan High's standard deviation. In reality, there are many statistical measures that can use Taiwan High historical prices to predict the future Taiwan High's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.3114 |
Taiwan High Speed Backtested Returns
Taiwan High Speed owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.077, which indicates the firm had a -0.077% return per unit of risk over the last 3 months. Taiwan High Speed exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan High's Coefficient Of Variation of (1,163), variance of 0.4126, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taiwan High are expected to decrease at a much lower rate. During the bear market, Taiwan High is likely to outperform the market. At this point, Taiwan High Speed has a negative expected return of -0.0496%. Please make sure to validate Taiwan High's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan High Speed performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Taiwan High Speed has very weak predictability. Overlapping area represents the amount of predictability between Taiwan High time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Taiwan High Speed price movement. The serial correlation of 0.19 indicates that over 19.0% of current Taiwan High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Taiwan High Speed lagged returns against current returns
Autocorrelation, which is Taiwan High 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 Taiwan High's stock expected returns. We can calculate the autocorrelation of Taiwan High returns to help us make a trade decision. For example, suppose you find that Taiwan High 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 |
Taiwan High 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 Taiwan High stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan High stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan High stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan High Lagged Returns
When evaluating Taiwan High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan High stock have on its future price. Taiwan High 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, Taiwan High autocorrelation shows the relationship between Taiwan High stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan High Speed.
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 Taiwan Stock Analysis
When running Taiwan High's price analysis, check to measure Taiwan High'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 Taiwan High is operating at the current time. Most of Taiwan High's value examination focuses on studying past and present price action to predict the probability of Taiwan High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan High's price. Additionally, you may evaluate how the addition of Taiwan High to your portfolios can decrease your overall portfolio volatility.