Mercuries Associates (Taiwan) Market Value
| 2905 Stock | TWD 16.10 0.05 0.31% |
| Symbol | Mercuries |
Mercuries Associates '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 Mercuries Associates' 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 Mercuries Associates.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Mercuries Associates on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Mercuries Associates Holding or generate 0.0% return on investment in Mercuries Associates over 30 days. Mercuries Associates is related to or competes with Far Eastern, Taiwan Tea, Test Rite, Ruentex Industries, and Taiwan Business. Mercuries Associates Holding, Ltd., an investment holding company, engages in life insurance, daily commodities and food... More
Mercuries Associates 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 Mercuries Associates' 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 Mercuries Associates Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.81 |
Mercuries Associates Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercuries Associates' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercuries Associates' standard deviation. In reality, there are many statistical measures that can use Mercuries Associates historical prices to predict the future Mercuries Associates' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 5.67 |
Mercuries Associates Backtested Returns
Mercuries Associates has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Mercuries Associates exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercuries Associates' Standard Deviation of 1.87, risk adjusted performance of (0.15), and Mean Deviation of 1.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.07, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mercuries Associates are expected to decrease at a much lower rate. During the bear market, Mercuries Associates is likely to outperform the market. At this point, Mercuries Associates has a negative expected return of -0.33%. Please make sure to verify Mercuries Associates' information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Mercuries Associates performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Mercuries Associates Holding has insignificant predictability. Overlapping area represents the amount of predictability between Mercuries Associates time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Mercuries Associates price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Mercuries Associates price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Mercuries Associates lagged returns against current returns
Autocorrelation, which is Mercuries Associates 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 Mercuries Associates' stock expected returns. We can calculate the autocorrelation of Mercuries Associates returns to help us make a trade decision. For example, suppose you find that Mercuries Associates 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 |
Mercuries Associates 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 Mercuries Associates stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercuries Associates stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercuries Associates stock over time.
Current vs Lagged Prices |
| Timeline |
Mercuries Associates Lagged Returns
When evaluating Mercuries Associates' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercuries Associates stock have on its future price. Mercuries Associates 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, Mercuries Associates autocorrelation shows the relationship between Mercuries Associates stock current value and its past values and can show if there is a momentum factor associated with investing in Mercuries Associates 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 Mercuries Stock Analysis
When running Mercuries Associates' price analysis, check to measure Mercuries Associates' 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 Mercuries Associates is operating at the current time. Most of Mercuries Associates' value examination focuses on studying past and present price action to predict the probability of Mercuries Associates' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercuries Associates' price. Additionally, you may evaluate how the addition of Mercuries Associates to your portfolios can decrease your overall portfolio volatility.