Taiwan Tea (Taiwan) Market Value
| 2913 Stock | TWD 20.60 0.30 1.44% |
| Symbol | Taiwan |
Taiwan Tea '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 Taiwan Tea'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 Taiwan Tea.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Taiwan Tea on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Taiwan Tea Corp or generate 0.0% return on investment in Taiwan Tea over 720 days. Taiwan Tea is related to or competes with Great Wall, and Uni President. Taiwan Tea Corporation primarily engages in the plantation, cultivation, production, and sale of tea products in Taiwan More
Taiwan Tea 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 Taiwan Tea'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 Taiwan Tea Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.8 |
Taiwan Tea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Tea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Tea's standard deviation. In reality, there are many statistical measures that can use Taiwan Tea historical prices to predict the future Taiwan Tea's volatility.| Risk Adjusted Performance | 0.0132 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0246 |
Taiwan Tea Corp Backtested Returns
Taiwan Tea Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0189, which indicates the firm had a -0.0189% return per unit of risk over the last 3 months. Taiwan Tea Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Tea's Semi Deviation of 1.34, coefficient of variation of 9743.09, and Risk Adjusted Performance of 0.0132 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Tea's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Tea is expected to be smaller as well. At this point, Taiwan Tea Corp has a negative expected return of -0.0321%. Please make sure to validate Taiwan Tea's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Taiwan Tea Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Taiwan Tea Corp has below average predictability. Overlapping area represents the amount of predictability between Taiwan Tea time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Taiwan Tea Corp price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Taiwan Tea price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Taiwan Tea Corp lagged returns against current returns
Autocorrelation, which is Taiwan Tea 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 Taiwan Tea's stock expected returns. We can calculate the autocorrelation of Taiwan Tea returns to help us make a trade decision. For example, suppose you find that Taiwan Tea 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 |
Taiwan Tea 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 Taiwan Tea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Tea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Tea stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Tea Lagged Returns
When evaluating Taiwan Tea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Tea stock have on its future price. Taiwan Tea 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, Taiwan Tea autocorrelation shows the relationship between Taiwan Tea stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Tea 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 Taiwan Stock Analysis
When running Taiwan Tea's price analysis, check to measure Taiwan Tea'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 Taiwan Tea is operating at the current time. Most of Taiwan Tea's value examination focuses on studying past and present price action to predict the probability of Taiwan Tea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Tea's price. Additionally, you may evaluate how the addition of Taiwan Tea to your portfolios can decrease your overall portfolio volatility.