TPK Holding (Taiwan) Market Value
| 3673 Stock | TWD 41.45 1.00 2.47% |
| Symbol | TPK |
TPK Holding '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 TPK Holding'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 TPK Holding.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in TPK Holding on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding TPK Holding Co or generate 0.0% return on investment in TPK Holding over 30 days. TPK Holding is related to or competes with United Microelectronics, and Winbond Electronics. TPK Holding Co., Ltd. provides transparent projected capacitive touch solutions in Taiwan and internationally More
TPK Holding 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 TPK Holding'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 TPK Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.88 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 4.55 |
TPK Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPK Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPK Holding's standard deviation. In reality, there are many statistical measures that can use TPK Holding historical prices to predict the future TPK Holding's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.07) |
TPK Holding Backtested Returns
TPK Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0262, which indicates the firm had a -0.0262% return per unit of volatility over the last 3 months. TPK Holding Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TPK Holding's risk adjusted performance of (0.01), and Variance of 5.67 to confirm the risk estimate we provide. The entity has a beta of 1.03, which indicates a somewhat significant risk relative to the market. TPK Holding returns are very sensitive to returns on the market. As the market goes up or down, TPK Holding is expected to follow. At this point, TPK Holding has a negative expected return of -0.0622%. Please make sure to validate TPK Holding's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if TPK Holding performance from the past will be repeated at future time.
Auto-correlation | -0.32 |
Poor reverse predictability
TPK Holding Co has poor reverse predictability. Overlapping area represents the amount of predictability between TPK Holding time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 TPK Holding price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current TPK Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
TPK Holding lagged returns against current returns
Autocorrelation, which is TPK Holding 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 TPK Holding's stock expected returns. We can calculate the autocorrelation of TPK Holding returns to help us make a trade decision. For example, suppose you find that TPK Holding 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 |
TPK Holding 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 TPK Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPK Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPK Holding stock over time.
Current vs Lagged Prices |
| Timeline |
TPK Holding Lagged Returns
When evaluating TPK Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPK Holding stock have on its future price. TPK Holding 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, TPK Holding autocorrelation shows the relationship between TPK Holding stock current value and its past values and can show if there is a momentum factor associated with investing in TPK Holding Co.
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 TPK Stock Analysis
When running TPK Holding's price analysis, check to measure TPK Holding'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 TPK Holding is operating at the current time. Most of TPK Holding's value examination focuses on studying past and present price action to predict the probability of TPK Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPK Holding's price. Additionally, you may evaluate how the addition of TPK Holding to your portfolios can decrease your overall portfolio volatility.