Taiwan Allied (Taiwan) Market Value

5601 Stock  TWD 35.80  0.25  0.69%   
Taiwan Allied's market value is the price at which a share of Taiwan Allied trades on a public exchange. It measures the collective expectations of Taiwan Allied Container investors about its performance. Taiwan Allied is selling for under 35.80 as of the 29th of November 2024; that is 0.69 percent decrease since the beginning of the trading day. The stock's lowest day price was 35.8.
With this module, you can estimate the performance of a buy and hold strategy of Taiwan Allied Container and determine expected loss or profit from investing in Taiwan Allied over a given investment horizon. Check out Taiwan Allied Correlation, Taiwan Allied Volatility and Taiwan Allied Alpha and Beta module to complement your research on Taiwan Allied.
Symbol

Please note, there is a significant difference between Taiwan Allied's value and its price as these two are different measures arrived at by different means. Investors typically determine if Taiwan Allied is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taiwan Allied's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Taiwan Allied '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 Taiwan Allied'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 Taiwan Allied.
0.00
10/30/2024
No Change 0.00  0.0 
In 31 days
11/29/2024
0.00
If you would invest  0.00  in Taiwan Allied on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Allied Container or generate 0.0% return on investment in Taiwan Allied over 30 days. Taiwan Allied is related to or competes with Iron Force, HOYA Resort, Sunny Friend, Mayer Steel, Wei Chih, Chia Yi, and TMP Steel. Taiwan Allied Container Terminal Corp. engages in the container storage and warehouse rental activities More

Taiwan Allied 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 Taiwan Allied'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 Taiwan Allied Container upside and downside potential and time the market with a certain degree of confidence.

Taiwan Allied Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Allied's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Allied's standard deviation. In reality, there are many statistical measures that can use Taiwan Allied historical prices to predict the future Taiwan Allied's volatility.
Hype
Prediction
LowEstimatedHigh
34.0635.8037.54
Details
Intrinsic
Valuation
LowRealHigh
34.2836.0237.77
Details
Naive
Forecast
LowNextHigh
33.6435.3937.13
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
35.5536.7838.02
Details

Taiwan Allied Container Backtested Returns

Taiwan Allied Container owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0094, which indicates the firm had a -0.0094% return per unit of risk over the last 3 months. Taiwan Allied Container exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Allied's Risk Adjusted Performance of (0.02), variance of 2.9, and Coefficient Of Variation of (3,548) to confirm the risk estimate we provide. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taiwan Allied are expected to decrease at a much lower rate. During the bear market, Taiwan Allied is likely to outperform the market. At this point, Taiwan Allied Container has a negative expected return of -0.0164%. Please make sure to validate Taiwan Allied's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Allied Container performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.45  

Average predictability

Taiwan Allied Container has average predictability. Overlapping area represents the amount of predictability between Taiwan Allied time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Taiwan Allied Container price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Taiwan Allied price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.17
Residual Average0.0
Price Variance0.11

Taiwan Allied Container lagged returns against current returns

Autocorrelation, which is Taiwan Allied 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 Taiwan Allied's stock expected returns. We can calculate the autocorrelation of Taiwan Allied returns to help us make a trade decision. For example, suppose you find that Taiwan Allied 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  

Taiwan Allied 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 Taiwan Allied stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Allied stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Allied stock over time.
   Current vs Lagged Prices   
       Timeline  

Taiwan Allied Lagged Returns

When evaluating Taiwan Allied's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Allied stock have on its future price. Taiwan Allied 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, Taiwan Allied autocorrelation shows the relationship between Taiwan Allied stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Allied Container.
   Regressed Prices   
       Timeline  

Pair Trading with Taiwan Allied

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 Taiwan Allied 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 Taiwan Allied will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Taiwan Allied could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiwan Allied 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 Taiwan Allied - 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 Taiwan Allied Container to buy it.
The correlation of Taiwan Allied 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 Taiwan Allied moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan Allied Container 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 Taiwan Allied 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.
Pair CorrelationCorrelation Matching

Additional Tools for Taiwan Stock Analysis

When running Taiwan Allied's price analysis, check to measure Taiwan Allied'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 Taiwan Allied is operating at the current time. Most of Taiwan Allied's value examination focuses on studying past and present price action to predict the probability of Taiwan Allied's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Allied's price. Additionally, you may evaluate how the addition of Taiwan Allied to your portfolios can decrease your overall portfolio volatility.