Topkey Corp (Taiwan) Market Value
| 4536 Stock | TWD 200.00 0.50 0.25% |
| Symbol | Topkey |
Topkey Corp '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 Topkey Corp'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 Topkey Corp.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Topkey Corp on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Topkey Corp or generate 0.0% return on investment in Topkey Corp over 720 days. Topkey Corp is related to or competes with Giant Manufacturing, Johnson Health, Sports Gear, and Power Wind. Topkey Corporation designs, develops, and manufactures medical components, aviation seatbacks, and bike components in Ta... More
Topkey Corp 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 Topkey Corp'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 Topkey Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.64 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.1 |
Topkey Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topkey Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topkey Corp's standard deviation. In reality, there are many statistical measures that can use Topkey Corp historical prices to predict the future Topkey Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.11) |
Topkey Corp Backtested Returns
Topkey Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0364, which indicates the firm had a -0.0364% return per unit of risk over the last 3 months. Topkey Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topkey Corp's Coefficient Of Variation of (3,885), variance of 4.23, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Topkey Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Topkey Corp is expected to be smaller as well. At this point, Topkey Corp has a negative expected return of -0.0741%. Please make sure to validate Topkey Corp's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Topkey Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Topkey Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Topkey Corp time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Topkey Corp price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Topkey Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 222.77 |
Topkey Corp lagged returns against current returns
Autocorrelation, which is Topkey Corp 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 Topkey Corp's stock expected returns. We can calculate the autocorrelation of Topkey Corp returns to help us make a trade decision. For example, suppose you find that Topkey Corp 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 |
Topkey Corp 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 Topkey Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topkey Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topkey Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Topkey Corp Lagged Returns
When evaluating Topkey Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topkey Corp stock have on its future price. Topkey Corp 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, Topkey Corp autocorrelation shows the relationship between Topkey Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Topkey Corp.
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 Topkey Stock Analysis
When running Topkey Corp's price analysis, check to measure Topkey Corp'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 Topkey Corp is operating at the current time. Most of Topkey Corp's value examination focuses on studying past and present price action to predict the probability of Topkey Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topkey Corp's price. Additionally, you may evaluate how the addition of Topkey Corp to your portfolios can decrease your overall portfolio volatility.