Deltamac Taiwan (Taiwan) Market Value
| 6144 Stock | TWD 51.20 4.60 9.87% |
| Symbol | Deltamac |
Deltamac Taiwan '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 Deltamac Taiwan'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 Deltamac Taiwan.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Deltamac Taiwan on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Deltamac Taiwan Co or generate 0.0% return on investment in Deltamac Taiwan over 60 days. Deltamac Taiwan is related to or competes with Pili International, YuantaP Shares, YuantaP Shares, YuantaP Shares, and Fubon MSCI. ,Ltd. provides film audio and video disc products in Taiwan More
Deltamac Taiwan 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 Deltamac Taiwan'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 Deltamac Taiwan Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 20.99 | |||
| Value At Risk | (9.99) | |||
| Potential Upside | 9.91 |
Deltamac Taiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deltamac Taiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deltamac Taiwan's standard deviation. In reality, there are many statistical measures that can use Deltamac Taiwan historical prices to predict the future Deltamac Taiwan's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (2.01) | |||
| Treynor Ratio | (0.89) |
Deltamac Taiwan Backtested Returns
Deltamac Taiwan secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Deltamac Taiwan Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deltamac Taiwan's Mean Deviation of 4.72, standard deviation of 6.11, and Variance of 37.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.18, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Deltamac Taiwan will likely underperform. At this point, Deltamac Taiwan has a negative expected return of -0.88%. Please make sure to confirm Deltamac Taiwan's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Deltamac Taiwan performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Deltamac Taiwan Co has insignificant predictability. Overlapping area represents the amount of predictability between Deltamac Taiwan time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Deltamac Taiwan price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Deltamac Taiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 105.25 |
Deltamac Taiwan lagged returns against current returns
Autocorrelation, which is Deltamac Taiwan 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 Deltamac Taiwan's stock expected returns. We can calculate the autocorrelation of Deltamac Taiwan returns to help us make a trade decision. For example, suppose you find that Deltamac Taiwan 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 |
Deltamac Taiwan 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 Deltamac Taiwan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deltamac Taiwan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deltamac Taiwan stock over time.
Current vs Lagged Prices |
| Timeline |
Deltamac Taiwan Lagged Returns
When evaluating Deltamac Taiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deltamac Taiwan stock have on its future price. Deltamac Taiwan 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, Deltamac Taiwan autocorrelation shows the relationship between Deltamac Taiwan stock current value and its past values and can show if there is a momentum factor associated with investing in Deltamac Taiwan Co.
Regressed Prices |
| Timeline |
Pair Trading with Deltamac Taiwan
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 Deltamac Taiwan 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 Deltamac Taiwan will appreciate offsetting losses from the drop in the long position's value.Moving against Deltamac Stock
| 0.9 | 8047 | Great Computer | PairCorr |
| 0.78 | 2881A | Fubon Financial Holding | PairCorr |
| 0.59 | 2891 | CTBC Financial Holding | PairCorr |
| 0.56 | 2882B | Cathay Financial Holding | PairCorr |
| 0.55 | 2317 | Hon Hai Precision | PairCorr |
The ability to find closely correlated positions to Deltamac Taiwan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deltamac Taiwan 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 Deltamac Taiwan - 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 Deltamac Taiwan Co to buy it.
The correlation of Deltamac Taiwan 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 Deltamac Taiwan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deltamac Taiwan 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 Deltamac Taiwan 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 Deltamac Stock Analysis
When running Deltamac Taiwan's price analysis, check to measure Deltamac Taiwan'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 Deltamac Taiwan is operating at the current time. Most of Deltamac Taiwan's value examination focuses on studying past and present price action to predict the probability of Deltamac Taiwan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Deltamac Taiwan's price. Additionally, you may evaluate how the addition of Deltamac Taiwan to your portfolios can decrease your overall portfolio volatility.