Est Global (Taiwan) Market Value
| 4413 Stock | TWD 17.50 1.50 7.89% |
| Symbol | Est |
Est Global '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 Est Global'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 Est Global.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Est Global on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Est Global Apparel or generate 0.0% return on investment in Est Global over 390 days. Est Global is related to or competes with Eclat Textile, Ruentex Industries, Tainan Spinning, Shinkong Synthetic, Taiwan Paiho, and Baotek Industrial. It provides yoga, functional, seamless, loungewear, denim clothing, and jacket apparel products More
Est Global 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 Est Global'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 Est Global Apparel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.65 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 5.35 |
Est Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Est Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Est Global's standard deviation. In reality, there are many statistical measures that can use Est Global historical prices to predict the future Est Global's volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | 0.1361 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.03) |
Est Global Apparel Backtested Returns
At this stage we consider Est Stock to be not too volatile. Est Global Apparel secures Sharpe Ratio (or Efficiency) of 0.0285, which denotes the company had a 0.0285% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Est Global Apparel, which you can use to evaluate the volatility of the firm. Please confirm Est Global's Coefficient Of Variation of 6859.1, downside deviation of 2.83, and Mean Deviation of 1.97 to check if the risk estimate we provide is consistent with the expected return of 0.0784%. Est Global has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -1.03, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Est Global are expected to decrease slowly. On the other hand, during market turmoil, Est Global is expected to outperform it slightly. Est Global Apparel right now shows a risk of 2.75%. Please confirm Est Global Apparel total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Est Global Apparel will be following its price patterns.
Auto-correlation | 0.28 |
Poor predictability
Est Global Apparel has poor predictability. Overlapping area represents the amount of predictability between Est Global time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Est Global Apparel price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Est Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Est Global Apparel lagged returns against current returns
Autocorrelation, which is Est Global 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 Est Global's stock expected returns. We can calculate the autocorrelation of Est Global returns to help us make a trade decision. For example, suppose you find that Est Global 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 |
Est Global 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 Est Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Est Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Est Global stock over time.
Current vs Lagged Prices |
| Timeline |
Est Global Lagged Returns
When evaluating Est Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Est Global stock have on its future price. Est Global 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, Est Global autocorrelation shows the relationship between Est Global stock current value and its past values and can show if there is a momentum factor associated with investing in Est Global Apparel.
Regressed Prices |
| Timeline |
Pair Trading with Est Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Est Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Est Global will appreciate offsetting losses from the drop in the long position's value.Moving against Est Stock
| 0.45 | 2504 | Goldsun Building Mat | PairCorr |
| 0.38 | 1438 | SanDi Properties | PairCorr |
| 0.33 | 1516 | Falcon Power Split | PairCorr |
The ability to find closely correlated positions to Est Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Est Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Est Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Est Global Apparel to buy it.
The correlation of Est Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Est Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Est Global Apparel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Est Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Est Stock Analysis
When running Est Global's price analysis, check to measure Est Global'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 Est Global is operating at the current time. Most of Est Global's value examination focuses on studying past and present price action to predict the probability of Est Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Est Global's price. Additionally, you may evaluate how the addition of Est Global to your portfolios can decrease your overall portfolio volatility.