TBI Motion (Taiwan) Market Value
| 4540 Stock | 39.80 0.10 0.25% |
| Symbol | TBI |
TBI Motion '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 TBI Motion'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 TBI Motion.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in TBI Motion on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding TBI Motion Technology or generate 0.0% return on investment in TBI Motion over 720 days. TBI Motion is related to or competes with Hiwin Technologies, Airtac International, Taiwan Chelic, Kung Long, and Basso Industry. More
TBI Motion 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 TBI Motion'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 TBI Motion Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.82 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.37 |
TBI Motion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TBI Motion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TBI Motion's standard deviation. In reality, there are many statistical measures that can use TBI Motion historical prices to predict the future TBI Motion's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.44) |
TBI Motion Technology Backtested Returns
TBI Motion Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0401, which indicates the company had a -0.0401% return per unit of volatility over the last 3 months. TBI Motion Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TBI Motion's Standard Deviation of 3.17, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.43) to confirm the risk estimate we provide. The firm has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TBI Motion's returns are expected to increase less than the market. However, during the bear market, the loss of holding TBI Motion is expected to be smaller as well. At this point, TBI Motion Technology has a negative expected return of -0.13%. Please make sure to validate TBI Motion's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if TBI Motion Technology performance from the past will be repeated in the future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
TBI Motion Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TBI Motion 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 TBI Motion Technology price movement. The serial correlation of -0.76 indicates that around 76.0% of current TBI Motion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 24.17 |
TBI Motion Technology lagged returns against current returns
Autocorrelation, which is TBI Motion 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 TBI Motion's stock expected returns. We can calculate the autocorrelation of TBI Motion returns to help us make a trade decision. For example, suppose you find that TBI Motion 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 |
TBI Motion 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 TBI Motion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TBI Motion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TBI Motion stock over time.
Current vs Lagged Prices |
| Timeline |
TBI Motion Lagged Returns
When evaluating TBI Motion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TBI Motion stock have on its future price. TBI Motion 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, TBI Motion autocorrelation shows the relationship between TBI Motion stock current value and its past values and can show if there is a momentum factor associated with investing in TBI Motion Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
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 TBI Stock Analysis
When running TBI Motion's price analysis, check to measure TBI Motion'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 TBI Motion is operating at the current time. Most of TBI Motion's value examination focuses on studying past and present price action to predict the probability of TBI Motion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TBI Motion's price. Additionally, you may evaluate how the addition of TBI Motion to your portfolios can decrease your overall portfolio volatility.