Ta Liang (Taiwan) Market Value
| 3167 Stock | TWD 115.50 0.50 0.43% |
| Symbol | 3167 |
Ta Liang '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 Ta Liang'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 Ta Liang.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Ta Liang on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Ta Liang Technology or generate 0.0% return on investment in Ta Liang over 720 days. Ta Liang is related to or competes with Highlight Tech, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, Kinko Optical, and Giant Manufacturing. Taliang Technology Co., Ltd. manufactures and sells PCB equipment, and CNC engraving and milling machines in Taiwan. More
Ta Liang 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 Ta Liang'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 Ta Liang Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.0598 | |||
| Maximum Drawdown | 19.83 | |||
| Value At Risk | (6.32) | |||
| Potential Upside | 9.86 |
Ta Liang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ta Liang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ta Liang's standard deviation. In reality, there are many statistical measures that can use Ta Liang historical prices to predict the future Ta Liang's volatility.| Risk Adjusted Performance | 0.0767 | |||
| Jensen Alpha | 0.2402 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | 0.3121 |
Ta Liang Technology Backtested Returns
Ta Liang appears to be very steady, given 3 months investment horizon. Ta Liang Technology retains Efficiency (Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of price deviation over the last 3 months. By examining Ta Liang's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Ta Liang's Downside Deviation of 4.07, mean deviation of 3.58, and Risk Adjusted Performance of 0.0767 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ta Liang holds a performance score of 10. The entity owns a Beta (Systematic Risk) of 1.3, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ta Liang will likely underperform. Please check Ta Liang's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Ta Liang's current price history will revert.
Auto-correlation | 0.69 |
Good predictability
Ta Liang Technology has good predictability. Overlapping area represents the amount of predictability between Ta Liang time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Ta Liang Technology price movement. The serial correlation of 0.69 indicates that around 69.0% of current Ta Liang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1101.82 |
Ta Liang Technology lagged returns against current returns
Autocorrelation, which is Ta Liang 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 Ta Liang's stock expected returns. We can calculate the autocorrelation of Ta Liang returns to help us make a trade decision. For example, suppose you find that Ta Liang 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 |
Ta Liang 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 Ta Liang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ta Liang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ta Liang stock over time.
Current vs Lagged Prices |
| Timeline |
Ta Liang Lagged Returns
When evaluating Ta Liang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ta Liang stock have on its future price. Ta Liang 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, Ta Liang autocorrelation shows the relationship between Ta Liang stock current value and its past values and can show if there is a momentum factor associated with investing in Ta Liang Technology.
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 3167 Stock Analysis
When running Ta Liang's price analysis, check to measure Ta Liang'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 Ta Liang is operating at the current time. Most of Ta Liang's value examination focuses on studying past and present price action to predict the probability of Ta Liang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ta Liang's price. Additionally, you may evaluate how the addition of Ta Liang to your portfolios can decrease your overall portfolio volatility.