Far EasTone (Taiwan) Market Value
| 4904 Stock | TWD 90.30 0.70 0.77% |
| Symbol | Far |
Far EasTone '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 Far EasTone'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 Far EasTone.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Far EasTone on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Far EasTone Telecommunications or generate 0.0% return on investment in Far EasTone over 720 days. Far EasTone is related to or competes with Chunghwa Telecom, CTBC Financial, Fubon Financial, and President Chain. Far EasTone Telecommunications Co., Ltd. provides wireless communications, leased circuit, Internet, and international s... More
Far EasTone 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 Far EasTone'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 Far EasTone Telecommunications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.59 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.02 |
Far EasTone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Far EasTone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Far EasTone's standard deviation. In reality, there are many statistical measures that can use Far EasTone historical prices to predict the future Far EasTone's volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | 0.006 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.2293 |
Far EasTone Telecomm Backtested Returns
At this stage we consider Far Stock to be very steady. Far EasTone Telecomm secures Sharpe Ratio (or Efficiency) of 0.0103, which denotes the company had a 0.0103% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Far EasTone Telecommunications, which you can use to evaluate the volatility of the firm. Please confirm Far EasTone's Coefficient Of Variation of 4795.93, mean deviation of 0.8258, and Downside Deviation of 1.22 to check if the risk estimate we provide is consistent with the expected return of 0.0111%. The firm shows a Beta (market volatility) of 0.0544, which means not very significant fluctuations relative to the market. As returns on the market increase, Far EasTone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Far EasTone is expected to be smaller as well. Far EasTone Telecomm right now shows a risk of 1.08%. Please confirm Far EasTone Telecomm coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Far EasTone Telecomm will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
Far EasTone Telecommunications has below average predictability. Overlapping area represents the amount of predictability between Far EasTone time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Far EasTone Telecomm price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Far EasTone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 19.81 |
Far EasTone Telecomm lagged returns against current returns
Autocorrelation, which is Far EasTone 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 Far EasTone's stock expected returns. We can calculate the autocorrelation of Far EasTone returns to help us make a trade decision. For example, suppose you find that Far EasTone 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 |
Far EasTone 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 Far EasTone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Far EasTone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Far EasTone stock over time.
Current vs Lagged Prices |
| Timeline |
Far EasTone Lagged Returns
When evaluating Far EasTone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Far EasTone stock have on its future price. Far EasTone 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, Far EasTone autocorrelation shows the relationship between Far EasTone stock current value and its past values and can show if there is a momentum factor associated with investing in Far EasTone Telecommunications.
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 Far Stock Analysis
When running Far EasTone's price analysis, check to measure Far EasTone'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 Far EasTone is operating at the current time. Most of Far EasTone's value examination focuses on studying past and present price action to predict the probability of Far EasTone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Far EasTone's price. Additionally, you may evaluate how the addition of Far EasTone to your portfolios can decrease your overall portfolio volatility.