Tonlin Department (Taiwan) Market Value
| 2910 Stock | TWD 25.80 0.55 2.18% |
| Symbol | Tonlin |
Tonlin Department '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 Tonlin Department'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 Tonlin Department.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tonlin Department on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tonlin Department Store or generate 0.0% return on investment in Tonlin Department over 30 days. Tonlin Department is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. Tonlin Department Store Co., Ltd. operates retail department stores in Taoyuan and Taipei City, Taiwan More
Tonlin Department 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 Tonlin Department'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 Tonlin Department Store upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.2 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.58 |
Tonlin Department Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tonlin Department's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tonlin Department's standard deviation. In reality, there are many statistical measures that can use Tonlin Department historical prices to predict the future Tonlin Department's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.72) |
Tonlin Department Store Backtested Returns
Tonlin Department Store owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Tonlin Department Store exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tonlin Department's Variance of 1.69, coefficient of variation of (894.61), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tonlin Department's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tonlin Department is expected to be smaller as well. At this point, Tonlin Department Store has a negative expected return of -0.16%. Please make sure to validate Tonlin Department's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tonlin Department Store performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Tonlin Department Store has below average predictability. Overlapping area represents the amount of predictability between Tonlin Department time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Tonlin Department Store price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Tonlin Department price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Tonlin Department Store lagged returns against current returns
Autocorrelation, which is Tonlin Department 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 Tonlin Department's stock expected returns. We can calculate the autocorrelation of Tonlin Department returns to help us make a trade decision. For example, suppose you find that Tonlin Department 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 |
Tonlin Department 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 Tonlin Department stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tonlin Department stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tonlin Department stock over time.
Current vs Lagged Prices |
| Timeline |
Tonlin Department Lagged Returns
When evaluating Tonlin Department's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tonlin Department stock have on its future price. Tonlin Department 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, Tonlin Department autocorrelation shows the relationship between Tonlin Department stock current value and its past values and can show if there is a momentum factor associated with investing in Tonlin Department Store.
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 Tonlin Stock Analysis
When running Tonlin Department's price analysis, check to measure Tonlin Department'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 Tonlin Department is operating at the current time. Most of Tonlin Department's value examination focuses on studying past and present price action to predict the probability of Tonlin Department's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tonlin Department's price. Additionally, you may evaluate how the addition of Tonlin Department to your portfolios can decrease your overall portfolio volatility.