Trinity Precision (Taiwan) Market Value
| 4534 Stock | TWD 19.70 0.30 1.50% |
| Symbol | Trinity |
Trinity Precision '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 Trinity Precision'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 Trinity Precision.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Trinity Precision on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Trinity Precision Technology or generate 0.0% return on investment in Trinity Precision over 30 days. Trinity Precision is related to or competes with Catcher Technology, Solar Applied, Evergreen Steel, Shin Zu, China Metal, Yeong Guan, and Lemtech Holdings. Trinity Precision Technology Co., Ltd. designs, manufactures, and sells powder metal parts and gear boxes primarily in T... More
Trinity Precision 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 Trinity Precision'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 Trinity Precision Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.8 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 6.34 |
Trinity Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trinity Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trinity Precision's standard deviation. In reality, there are many statistical measures that can use Trinity Precision historical prices to predict the future Trinity Precision's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (1.41) |
Trinity Precision Backtested Returns
Trinity Precision owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0995, which indicates the firm had a -0.0995% return per unit of risk over the last 3 months. Trinity Precision Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trinity Precision's Variance of 11.63, risk adjusted performance of (0.10), and Coefficient Of Variation of (679.30) to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trinity Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trinity Precision is expected to be smaller as well. At this point, Trinity Precision has a negative expected return of -0.34%. Please make sure to validate Trinity Precision's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Trinity Precision performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Trinity Precision Technology has very good predictability. Overlapping area represents the amount of predictability between Trinity Precision time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Trinity Precision price movement. The serial correlation of 0.82 indicates that around 82.0% of current Trinity Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Trinity Precision lagged returns against current returns
Autocorrelation, which is Trinity Precision 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 Trinity Precision's stock expected returns. We can calculate the autocorrelation of Trinity Precision returns to help us make a trade decision. For example, suppose you find that Trinity Precision 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 |
Trinity Precision 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 Trinity Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trinity Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trinity Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Trinity Precision Lagged Returns
When evaluating Trinity Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trinity Precision stock have on its future price. Trinity Precision 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, Trinity Precision autocorrelation shows the relationship between Trinity Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Trinity Precision Technology.
Regressed Prices |
| Timeline |
Pair Trading with Trinity Precision
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 Trinity Precision 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 Trinity Precision will appreciate offsetting losses from the drop in the long position's value.Moving together with Trinity Stock
| 0.84 | 2211 | Evergreen Steel Corp | PairCorr |
| 0.8 | 3376 | Shin Zu Shing | PairCorr |
| 0.67 | 1532 | China Metal Products | PairCorr |
Moving against Trinity Stock
| 0.86 | 1569 | Bin Chuan Enterprise | PairCorr |
| 0.84 | 2881A | Fubon Financial Holding | PairCorr |
| 0.83 | 2881B | Fubon Financial Holding | PairCorr |
| 0.82 | 2891 | CTBC Financial Holding | PairCorr |
| 0.81 | 2882B | Cathay Financial Holding | PairCorr |
The ability to find closely correlated positions to Trinity Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trinity Precision 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 Trinity Precision - 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 Trinity Precision Technology to buy it.
The correlation of Trinity Precision 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 Trinity Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Precision 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 Trinity Precision 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 Trinity Stock Analysis
When running Trinity Precision's price analysis, check to measure Trinity Precision'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 Trinity Precision is operating at the current time. Most of Trinity Precision's value examination focuses on studying past and present price action to predict the probability of Trinity Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trinity Precision's price. Additionally, you may evaluate how the addition of Trinity Precision to your portfolios can decrease your overall portfolio volatility.