TTFB (Taiwan) Market Value
| 2729 Stock | TWD 201.50 1.00 0.50% |
| Symbol | TTFB |
TTFB '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 TTFB'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 TTFB.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TTFB on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TTFB Co or generate 0.0% return on investment in TTFB over 30 days. TTFB is related to or competes with Wowprime Corp, Gourmet Master, President Chain, La Kaffa, and Chailease Holding. TTFB Company Limited operates a chain of restaurants in Taiwan and China More
TTFB 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 TTFB'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 TTFB Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.97 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.7407 |
TTFB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTFB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTFB's standard deviation. In reality, there are many statistical measures that can use TTFB historical prices to predict the future TTFB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 0.907 |
TTFB Backtested Returns
TTFB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0631, which indicates the firm had a -0.0631% return per unit of volatility over the last 3 months. TTFB Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TTFB's variance of 0.1714, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.0349, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TTFB are expected to decrease at a much lower rate. During the bear market, TTFB is likely to outperform the market. At this point, TTFB has a negative expected return of -0.0269%. Please make sure to validate TTFB's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if TTFB performance from the past will be repeated at future time.
Auto-correlation | 0.53 |
Modest predictability
TTFB Co has modest predictability. Overlapping area represents the amount of predictability between TTFB time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 TTFB price movement. The serial correlation of 0.53 indicates that about 53.0% of current TTFB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
TTFB lagged returns against current returns
Autocorrelation, which is TTFB 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 TTFB's stock expected returns. We can calculate the autocorrelation of TTFB returns to help us make a trade decision. For example, suppose you find that TTFB 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 |
TTFB 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 TTFB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TTFB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TTFB stock over time.
Current vs Lagged Prices |
| Timeline |
TTFB Lagged Returns
When evaluating TTFB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TTFB stock have on its future price. TTFB 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, TTFB autocorrelation shows the relationship between TTFB stock current value and its past values and can show if there is a momentum factor associated with investing in TTFB Co.
Regressed Prices |
| Timeline |
Pair Trading with TTFB
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 TTFB 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 TTFB will appreciate offsetting losses from the drop in the long position's value.Moving against TTFB Stock
The ability to find closely correlated positions to TTFB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TTFB 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 TTFB - 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 TTFB Co to buy it.
The correlation of TTFB 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 TTFB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TTFB 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 TTFB 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 TTFB Stock Analysis
When running TTFB's price analysis, check to measure TTFB'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 TTFB is operating at the current time. Most of TTFB's value examination focuses on studying past and present price action to predict the probability of TTFB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TTFB's price. Additionally, you may evaluate how the addition of TTFB to your portfolios can decrease your overall portfolio volatility.