Taishin Financial (Taiwan) Market Value
| 2887E Stock | TWD 51.10 0.10 0.20% |
| Symbol | Taishin |
Taishin 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 Taishin 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 Taishin Financial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Taishin Financial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Taishin Financial Holding or generate 0.0% return on investment in Taishin Financial over 30 days. Taishin Financial is related to or competes with Mega Financial, Taiwan Cooperative, ESUN Financial, Hua Nan, Yuanta Financial, Sinopac Financial, and Shanghai Commercial. Taishin Financial Holding Co., Ltd., through its subsidiaries, provides various financial products and services in Taiwa... More
Taishin 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 Taishin 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 Taishin Financial Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3914 |
Taishin Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taishin Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taishin Financial's standard deviation. In reality, there are many statistical measures that can use Taishin Financial historical prices to predict the future Taishin Financial's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.6459 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taishin Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Taishin Financial Holding Backtested Returns
Taishin Financial Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0286, which indicates the firm had a -0.0286% return per unit of risk over the last 3 months. Taishin Financial Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taishin Financial's Risk Adjusted Performance of (0.08), coefficient of variation of (1,513), and Variance of 0.0484 to confirm the risk estimate we provide. The entity has a beta of -0.038, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taishin Financial are expected to decrease at a much lower rate. During the bear market, Taishin Financial is likely to outperform the market. At this point, Taishin Financial Holding has a negative expected return of -0.0061%. Please make sure to validate Taishin Financial's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taishin Financial Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Taishin Financial Holding has poor reverse predictability. Overlapping area represents the amount of predictability between Taishin 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 Taishin Financial Holding price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Taishin Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Taishin Financial Holding lagged returns against current returns
Autocorrelation, which is Taishin 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 Taishin Financial's stock expected returns. We can calculate the autocorrelation of Taishin Financial returns to help us make a trade decision. For example, suppose you find that Taishin 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 |
Taishin 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 Taishin Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taishin Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taishin Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Taishin Financial Lagged Returns
When evaluating Taishin Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taishin Financial stock have on its future price. Taishin 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, Taishin Financial autocorrelation shows the relationship between Taishin Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Taishin Financial Holding.
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 Taishin Stock Analysis
When running Taishin Financial's price analysis, check to measure Taishin 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 Taishin Financial is operating at the current time. Most of Taishin Financial's value examination focuses on studying past and present price action to predict the probability of Taishin 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 Taishin Financial's price. Additionally, you may evaluate how the addition of Taishin Financial to your portfolios can decrease your overall portfolio volatility.