Farglory Land (Taiwan) Market Value
| 5522 Stock | TWD 65.50 2.30 3.64% |
| Symbol | Farglory |
Farglory Land '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 Farglory Land'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 Farglory Land.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Farglory Land on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Farglory Land Development or generate 0.0% return on investment in Farglory Land over 660 days. Farglory Land is related to or competes with Ruentex Development, CTCI Corp, Information Technology, Ennoconn Corp, Zinwell, FarGlory Hotel, and Medtecs International. Farglory Land Development Co., Ltd. develops and sells real estate properties in Taiwan More
Farglory Land 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 Farglory Land'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 Farglory Land Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 13.95 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.64 |
Farglory Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Farglory Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Farglory Land's standard deviation. In reality, there are many statistical measures that can use Farglory Land historical prices to predict the future Farglory Land's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 2.08 |
Farglory Land Development Backtested Returns
Farglory Land Development secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Farglory Land Development exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Farglory Land's Standard Deviation of 2.39, variance of 5.7, and Mean Deviation of 1.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Farglory Land are expected to decrease at a much lower rate. During the bear market, Farglory Land is likely to outperform the market. At this point, Farglory Land Development has a negative expected return of -0.3%. Please make sure to confirm Farglory Land's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Farglory Land Development performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Farglory Land Development has very weak reverse predictability. Overlapping area represents the amount of predictability between Farglory Land time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Farglory Land Development price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Farglory Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 134.74 |
Farglory Land Development lagged returns against current returns
Autocorrelation, which is Farglory Land 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 Farglory Land's stock expected returns. We can calculate the autocorrelation of Farglory Land returns to help us make a trade decision. For example, suppose you find that Farglory Land 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 |
Farglory Land 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 Farglory Land stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Farglory Land stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Farglory Land stock over time.
Current vs Lagged Prices |
| Timeline |
Farglory Land Lagged Returns
When evaluating Farglory Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Farglory Land stock have on its future price. Farglory Land 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, Farglory Land autocorrelation shows the relationship between Farglory Land stock current value and its past values and can show if there is a momentum factor associated with investing in Farglory Land Development.
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 Farglory Stock Analysis
When running Farglory Land's price analysis, check to measure Farglory Land'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 Farglory Land is operating at the current time. Most of Farglory Land's value examination focuses on studying past and present price action to predict the probability of Farglory Land's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Farglory Land's price. Additionally, you may evaluate how the addition of Farglory Land to your portfolios can decrease your overall portfolio volatility.