President Securities (Taiwan) Market Value
| 2855 Stock | TWD 26.30 0.70 2.59% |
| Symbol | President |
President Securities '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 President Securities' 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 President Securities.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in President Securities on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding President Securities Corp or generate 0.0% return on investment in President Securities over 30 days. President Securities is related to or competes with Taiwan Secom, TTET Union, China Steel, and Taiwan Shin. President Securities Corporation, together with its subsidiaries, engages in the brokerage, proprietary trading, fixed i... More
President Securities 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 President Securities' 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 President Securities Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.92 |
President Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for President Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as President Securities' standard deviation. In reality, there are many statistical measures that can use President Securities historical prices to predict the future President Securities' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.08) |
President Securities Corp Backtested Returns
President Securities Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0029, which implies the firm had a -0.0029% return per unit of risk over the last 3 months. President Securities Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check President Securities' Coefficient Of Variation of (4,337), risk adjusted performance of (0.01), and Variance of 1.21 to confirm the risk estimate we provide. The company holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, President Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding President Securities is expected to be smaller as well. At this point, President Securities Corp has a negative expected return of -0.0032%. Please make sure to check President Securities' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if President Securities Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
President Securities Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between President Securities time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 President Securities Corp price movement. The serial correlation of -0.03 indicates that only 3.0% of current President Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
President Securities Corp lagged returns against current returns
Autocorrelation, which is President Securities 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 President Securities' stock expected returns. We can calculate the autocorrelation of President Securities returns to help us make a trade decision. For example, suppose you find that President Securities 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 |
President Securities 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 President Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if President Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in President Securities stock over time.
Current vs Lagged Prices |
| Timeline |
President Securities Lagged Returns
When evaluating President Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of President Securities stock have on its future price. President Securities 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, President Securities autocorrelation shows the relationship between President Securities stock current value and its past values and can show if there is a momentum factor associated with investing in President Securities Corp.
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 President Stock Analysis
When running President Securities' price analysis, check to measure President Securities' 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 President Securities is operating at the current time. Most of President Securities' value examination focuses on studying past and present price action to predict the probability of President Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move President Securities' price. Additionally, you may evaluate how the addition of President Securities to your portfolios can decrease your overall portfolio volatility.