Founding Construction (Taiwan) Market Value
| 5533 Stock | TWD 21.10 0.20 0.96% |
| Symbol | Founding |
Founding Construction '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 Founding Construction'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 Founding Construction.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Founding Construction on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Founding Construction Development or generate 0.0% return on investment in Founding Construction over 510 days. Founding Construction is related to or competes with Shining Building, Chong Hong, Farglory Land, Sweeten Real, and Hung Ching. Founding Construction Development Co., Ltd More
Founding Construction 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 Founding Construction'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 Founding Construction Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 1.7 |
Founding Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Founding Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Founding Construction's standard deviation. In reality, there are many statistical measures that can use Founding Construction historical prices to predict the future Founding Construction's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.19) |
Founding Construction Backtested Returns
Founding Construction secures Sharpe Ratio (or Efficiency) of -0.034, which denotes the company had a -0.034% return per unit of risk over the last 3 months. Founding Construction Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Founding Construction's Variance of 1.8, mean deviation of 0.9806, and Standard Deviation of 1.34 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Founding Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Founding Construction is expected to be smaller as well. At this point, Founding Construction has a negative expected return of -0.0462%. Please make sure to confirm Founding Construction's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Founding Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Founding Construction Development has excellent reverse predictability. Overlapping area represents the amount of predictability between Founding Construction time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Founding Construction price movement. The serial correlation of -0.82 indicates that around 82.0% of current Founding Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 3.22 |
Founding Construction lagged returns against current returns
Autocorrelation, which is Founding Construction 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 Founding Construction's stock expected returns. We can calculate the autocorrelation of Founding Construction returns to help us make a trade decision. For example, suppose you find that Founding Construction 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 |
Founding Construction 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 Founding Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Founding Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Founding Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Founding Construction Lagged Returns
When evaluating Founding Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Founding Construction stock have on its future price. Founding Construction 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, Founding Construction autocorrelation shows the relationship between Founding Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Founding Construction Development.
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 Founding Stock Analysis
When running Founding Construction's price analysis, check to measure Founding Construction'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 Founding Construction is operating at the current time. Most of Founding Construction's value examination focuses on studying past and present price action to predict the probability of Founding Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Founding Construction's price. Additionally, you may evaluate how the addition of Founding Construction to your portfolios can decrease your overall portfolio volatility.