Bank of Kaohsiung (Taiwan) Market Value
| 2836 Stock | TWD 11.80 0.10 0.85% |
| Symbol | Bank |
Bank of Kaohsiung '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 Bank of Kaohsiung'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 Bank of Kaohsiung.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Bank of Kaohsiung on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Bank of Kaohsiung or generate 0.0% return on investment in Bank of Kaohsiung over 510 days. Bank of Kaohsiung is related to or competes with Union Bank, Chang Hwa, EnTie Commercial, Taiwan Business, and Sinopac Financial. Bank of Kaohsiung Co., Ltd. provides commercial banking products and services primarily in Taiwan More
Bank of Kaohsiung 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 Bank of Kaohsiung'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 Bank of Kaohsiung upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 2.51 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.8621 |
Bank of Kaohsiung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Kaohsiung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Kaohsiung's standard deviation. In reality, there are many statistical measures that can use Bank of Kaohsiung historical prices to predict the future Bank of Kaohsiung's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (4.87) |
Bank of Kaohsiung Backtested Returns
Bank of Kaohsiung secures Sharpe Ratio (or Efficiency) of -0.0196, which signifies that the company had a -0.0196% return per unit of risk over the last 3 months. Bank of Kaohsiung exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of Kaohsiung's Mean Deviation of 0.4678, risk adjusted performance of (0.03), and Standard Deviation of 0.6119 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0069, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank of Kaohsiung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of Kaohsiung is expected to be smaller as well. At this point, Bank of Kaohsiung has a negative expected return of -0.0117%. Please make sure to confirm Bank of Kaohsiung's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Bank of Kaohsiung performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Bank of Kaohsiung has weak reverse predictability. Overlapping area represents the amount of predictability between Bank of Kaohsiung time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Bank of Kaohsiung price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Bank of Kaohsiung price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Bank of Kaohsiung lagged returns against current returns
Autocorrelation, which is Bank of Kaohsiung 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 Bank of Kaohsiung's stock expected returns. We can calculate the autocorrelation of Bank of Kaohsiung returns to help us make a trade decision. For example, suppose you find that Bank of Kaohsiung 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 |
Bank of Kaohsiung 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 Bank of Kaohsiung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Kaohsiung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Kaohsiung stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Kaohsiung Lagged Returns
When evaluating Bank of Kaohsiung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Kaohsiung stock have on its future price. Bank of Kaohsiung 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, Bank of Kaohsiung autocorrelation shows the relationship between Bank of Kaohsiung stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Kaohsiung.
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 Bank Stock Analysis
When running Bank of Kaohsiung's price analysis, check to measure Bank of Kaohsiung'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 Bank of Kaohsiung is operating at the current time. Most of Bank of Kaohsiung's value examination focuses on studying past and present price action to predict the probability of Bank of Kaohsiung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Kaohsiung's price. Additionally, you may evaluate how the addition of Bank of Kaohsiung to your portfolios can decrease your overall portfolio volatility.