Mega Financial (Taiwan) Market Value
| 2886 Stock | TWD 40.15 0.40 1.01% |
| Symbol | Mega |
Mega Financial '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 Mega Financial'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 Mega Financial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mega Financial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mega Financial Holding or generate 0.0% return on investment in Mega Financial over 30 days. Mega Financial is related to or competes with CTBC Financial, Fubon Financial, First Financial, Cathay Financial, and ESUN Financial. Mega Financial Holding Co., Ltd., provides various financial services in Taiwan and internationally More
Mega Financial 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 Mega Financial'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 Mega Financial Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.15 |
Mega Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mega Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mega Financial's standard deviation. In reality, there are many statistical measures that can use Mega Financial historical prices to predict the future Mega Financial's volatility.| Risk Adjusted Performance | 0.0346 | |||
| Jensen Alpha | 0.0283 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (1.38) |
Mega Financial Holding Backtested Returns
At this stage we consider Mega Stock to be very steady. Mega Financial Holding has Sharpe Ratio of 0.0465, which conveys that the firm had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mega Financial, which you can use to evaluate the volatility of the firm. Please verify Mega Financial's Risk Adjusted Performance of 0.0346, downside deviation of 1.1, and Mean Deviation of 0.6137 to check out if the risk estimate we provide is consistent with the expected return of 0.0378%. Mega Financial has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0189, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mega Financial are expected to decrease at a much lower rate. During the bear market, Mega Financial is likely to outperform the market. Mega Financial Holding right now secures a risk of 0.81%. Please verify Mega Financial Holding market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Mega Financial Holding will be following its current price movements.
Auto-correlation | 0.14 |
Insignificant predictability
Mega Financial Holding has insignificant predictability. Overlapping area represents the amount of predictability between Mega Financial 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 Mega Financial Holding price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Mega Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Mega Financial Holding lagged returns against current returns
Autocorrelation, which is Mega Financial 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 Mega Financial's stock expected returns. We can calculate the autocorrelation of Mega Financial returns to help us make a trade decision. For example, suppose you find that Mega Financial 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 |
Mega Financial 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 Mega Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mega Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mega Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Mega Financial Lagged Returns
When evaluating Mega Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mega Financial stock have on its future price. Mega Financial 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, Mega Financial autocorrelation shows the relationship between Mega Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Mega Financial Holding.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Mega Stock Analysis
When running Mega Financial's price analysis, check to measure Mega Financial'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 Mega Financial is operating at the current time. Most of Mega Financial's value examination focuses on studying past and present price action to predict the probability of Mega Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mega Financial's price. Additionally, you may evaluate how the addition of Mega Financial to your portfolios can decrease your overall portfolio volatility.