Baotek Industrial (Taiwan) Market Value
| 5340 Stock | TWD 45.40 4.90 12.10% |
| Symbol | Baotek |
Baotek Industrial '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 Baotek Industrial'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 Baotek Industrial.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Baotek Industrial on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Baotek Industrial Materials or generate 0.0% return on investment in Baotek Industrial over 420 days. Baotek Industrial is related to or competes with Eclat Textile, Ruentex Industries, Tainan Spinning, Shinkong Synthetic, Taiwan Paiho, and . More
Baotek Industrial 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 Baotek Industrial'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 Baotek Industrial Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 5.43 |
Baotek Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baotek Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baotek Industrial's standard deviation. In reality, there are many statistical measures that can use Baotek Industrial historical prices to predict the future Baotek Industrial's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.13) |
Baotek Industrial Backtested Returns
At this stage we consider Baotek Stock to be very steady. Baotek Industrial secures Sharpe Ratio (or Efficiency) of 0.0159, which signifies that the company had a 0.0159% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Baotek Industrial Materials, which you can use to evaluate the volatility of the firm. Please confirm Baotek Industrial's Mean Deviation of 1.89, risk adjusted performance of (0.02), and Standard Deviation of 3.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.0546%. Baotek Industrial has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Baotek Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baotek Industrial is expected to be smaller as well. Baotek Industrial right now shows a risk of 3.43%. Please confirm Baotek Industrial standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Baotek Industrial will be following its price patterns.
Auto-correlation | 0.50 |
Modest predictability
Baotek Industrial Materials has modest predictability. Overlapping area represents the amount of predictability between Baotek Industrial time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 Baotek Industrial price movement. The serial correlation of 0.5 indicates that about 50.0% of current Baotek Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 24.66 |
Baotek Industrial lagged returns against current returns
Autocorrelation, which is Baotek Industrial 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 Baotek Industrial's stock expected returns. We can calculate the autocorrelation of Baotek Industrial returns to help us make a trade decision. For example, suppose you find that Baotek Industrial 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 |
Baotek Industrial 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 Baotek Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baotek Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baotek Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Baotek Industrial Lagged Returns
When evaluating Baotek Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baotek Industrial stock have on its future price. Baotek Industrial 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, Baotek Industrial autocorrelation shows the relationship between Baotek Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Baotek Industrial Materials.
Regressed Prices |
| Timeline |
Pair Trading with Baotek Industrial
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 Baotek Industrial 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 Baotek Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Baotek Stock
Moving against Baotek Stock
| 0.57 | 2504 | Goldsun Building Mat | PairCorr |
| 0.45 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.32 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Baotek Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baotek Industrial 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 Baotek Industrial - 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 Baotek Industrial Materials to buy it.
The correlation of Baotek Industrial 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 Baotek Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baotek Industrial 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 Baotek Industrial 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 Baotek Stock Analysis
When running Baotek Industrial's price analysis, check to measure Baotek Industrial'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 Baotek Industrial is operating at the current time. Most of Baotek Industrial's value examination focuses on studying past and present price action to predict the probability of Baotek Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baotek Industrial's price. Additionally, you may evaluate how the addition of Baotek Industrial to your portfolios can decrease your overall portfolio volatility.