Buima (Taiwan) Market Value
| 5543 Stock | 23.60 0.10 0.43% |
| Symbol | Buima |
Buima '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 Buima'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 Buima.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Buima on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Buima Group or generate 0.0% return on investment in Buima over 30 days. Buima is related to or competes with Sunspring Metal, Champion Building, China Glaze, and CKM Building. More
Buima 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 Buima'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 Buima Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.09 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 17.37 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 7.52 |
Buima Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Buima's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Buima's standard deviation. In reality, there are many statistical measures that can use Buima historical prices to predict the future Buima's volatility.| Risk Adjusted Performance | 0.0142 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | 0.0182 |
Buima Group Backtested Returns
Buima appears to be not too volatile, given 3 months investment horizon. Buima Group secures Sharpe Ratio (or Efficiency) of 0.0752, which signifies that the company had a 0.0752 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Buima Group, which you can use to evaluate the volatility of the firm. Please makes use of Buima's Risk Adjusted Performance of 0.0142, downside deviation of 5.09, and Mean Deviation of 2.89 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Buima holds a performance score of 5. The firm shows a Beta (market volatility) of 1.14, which signifies a somewhat significant risk relative to the market. Buima returns are very sensitive to returns on the market. As the market goes up or down, Buima is expected to follow. Please check Buima's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Buima's price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Buima Group has weak reverse predictability. Overlapping area represents the amount of predictability between Buima time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Buima Group price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Buima price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.41 |
Buima Group lagged returns against current returns
Autocorrelation, which is Buima 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 Buima's stock expected returns. We can calculate the autocorrelation of Buima returns to help us make a trade decision. For example, suppose you find that Buima 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 |
Buima 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 Buima stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Buima stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Buima stock over time.
Current vs Lagged Prices |
| Timeline |
Buima Lagged Returns
When evaluating Buima's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Buima stock have on its future price. Buima 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, Buima autocorrelation shows the relationship between Buima stock current value and its past values and can show if there is a momentum factor associated with investing in Buima Group.
Regressed Prices |
| Timeline |
Pair Trading with Buima
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 Buima 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 Buima will appreciate offsetting losses from the drop in the long position's value.Moving against Buima Stock
| 0.56 | 2882B | Cathay Financial Holding | PairCorr |
| 0.54 | 8930 | CKM Building Material | PairCorr |
| 0.51 | 2891C | CTBC Financial Holding | PairCorr |
| 0.5 | 2891B | CTBC Financial Holding | PairCorr |
| 0.49 | 2882A | Cathay Financial Holding | PairCorr |
The ability to find closely correlated positions to Buima could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Buima 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 Buima - 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 Buima Group to buy it.
The correlation of Buima 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 Buima moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Buima Group 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 Buima 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 Buima Stock Analysis
When running Buima's price analysis, check to measure Buima'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 Buima is operating at the current time. Most of Buima's value examination focuses on studying past and present price action to predict the probability of Buima's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Buima's price. Additionally, you may evaluate how the addition of Buima to your portfolios can decrease your overall portfolio volatility.