TOPBI International (Taiwan) Market Value
| 2929 Stock | TWD 13.70 0.20 1.44% |
| Symbol | TOPBI |
TOPBI International '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 TOPBI International'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 TOPBI International.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in TOPBI International on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding TOPBI International Holdings or generate 0.0% return on investment in TOPBI International over 30 days. TOPBI International is related to or competes with Ruentex Industries, Grand Pacific, Formosa International, Jinli Group, and Sinbon Electronics. Topbi International Holdings Limited designs sells childrens clothing from 1 to 16 years old More
TOPBI International 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 TOPBI International'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 TOPBI International Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.1621 | |||
| Maximum Drawdown | 17.46 | |||
| Value At Risk | (5.65) | |||
| Potential Upside | 9.73 |
TOPBI International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOPBI International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOPBI International's standard deviation. In reality, there are many statistical measures that can use TOPBI International historical prices to predict the future TOPBI International's volatility.| Risk Adjusted Performance | 0.1565 | |||
| Jensen Alpha | 0.7514 | |||
| Total Risk Alpha | 0.1614 | |||
| Sortino Ratio | 0.2056 | |||
| Treynor Ratio | 10.68 |
TOPBI International Backtested Returns
TOPBI International appears to be somewhat reliable, given 3 months investment horizon. TOPBI International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of standard deviation over the last 3 months. By evaluating TOPBI International's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review TOPBI International's coefficient of variation of 516.29, and Risk Adjusted Performance of 0.1565 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TOPBI International holds a performance score of 15. The entity has a beta of 0.0711, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TOPBI International's returns are expected to increase less than the market. However, during the bear market, the loss of holding TOPBI International is expected to be smaller as well. Please check TOPBI International's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether TOPBI International's existing price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
TOPBI International Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between TOPBI International time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 TOPBI International price movement. The serial correlation of -0.43 indicates that just about 43.0% of current TOPBI International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
TOPBI International lagged returns against current returns
Autocorrelation, which is TOPBI International 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 TOPBI International's stock expected returns. We can calculate the autocorrelation of TOPBI International returns to help us make a trade decision. For example, suppose you find that TOPBI International 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 |
TOPBI International 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 TOPBI International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOPBI International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOPBI International stock over time.
Current vs Lagged Prices |
| Timeline |
TOPBI International Lagged Returns
When evaluating TOPBI International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOPBI International stock have on its future price. TOPBI International 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, TOPBI International autocorrelation shows the relationship between TOPBI International stock current value and its past values and can show if there is a momentum factor associated with investing in TOPBI International Holdings.
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 TOPBI Stock Analysis
When running TOPBI International's price analysis, check to measure TOPBI International'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 TOPBI International is operating at the current time. Most of TOPBI International's value examination focuses on studying past and present price action to predict the probability of TOPBI International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOPBI International's price. Additionally, you may evaluate how the addition of TOPBI International to your portfolios can decrease your overall portfolio volatility.