TUL (Taiwan) Market Value
| 6150 Stock | TWD 78.00 0.10 0.13% |
| Symbol | TUL |
TUL '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 TUL'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 TUL.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in TUL on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding TUL Corporation or generate 0.0% return on investment in TUL over 30 days. TUL is related to or competes with Orient Semiconductor, CTBC Financial, Pontex Polyblend, Fubon Financial, Union Bank, C Media, and Yufo Electronics. TUL Corporation manufactures, markets, supplies, and services various IT products worldwide More
TUL 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 TUL'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 TUL Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 3.56 |
TUL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TUL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TUL's standard deviation. In reality, there are many statistical measures that can use TUL historical prices to predict the future TUL's volatility.| Risk Adjusted Performance | 0.0185 | |||
| Jensen Alpha | 0.0237 | |||
| Total Risk Alpha | 0.0402 | |||
| Sortino Ratio | 0.0162 | |||
| Treynor Ratio | 0.1773 |
TUL Corporation Backtested Returns
At this stage we consider TUL Stock to be very steady. TUL Corporation owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0675, which indicates the firm had a 0.0675 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for TUL Corporation, which you can use to evaluate the volatility of the company. Please validate TUL's risk adjusted performance of 0.0185, and Coefficient Of Variation of 6025.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. TUL has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TUL's returns are expected to increase less than the market. However, during the bear market, the loss of holding TUL is expected to be smaller as well. TUL Corporation presently has a risk of 1.86%. Please validate TUL semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if TUL will be following its existing price patterns.
Auto-correlation | 0.67 |
Good predictability
TUL Corporation has good predictability. Overlapping area represents the amount of predictability between TUL time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 TUL Corporation price movement. The serial correlation of 0.67 indicates that around 67.0% of current TUL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 8.84 |
TUL Corporation lagged returns against current returns
Autocorrelation, which is TUL 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 TUL's stock expected returns. We can calculate the autocorrelation of TUL returns to help us make a trade decision. For example, suppose you find that TUL 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 |
TUL 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 TUL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TUL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TUL stock over time.
Current vs Lagged Prices |
| Timeline |
TUL Lagged Returns
When evaluating TUL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TUL stock have on its future price. TUL 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, TUL autocorrelation shows the relationship between TUL stock current value and its past values and can show if there is a momentum factor associated with investing in TUL Corporation.
Regressed Prices |
| Timeline |
Pair Trading with TUL
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 TUL 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 TUL will appreciate offsetting losses from the drop in the long position's value.Moving together with TUL Stock
Moving against TUL Stock
| 0.55 | 6223 | MPI Corporation | PairCorr |
| 0.32 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.32 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to TUL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TUL 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 TUL - 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 TUL Corporation to buy it.
The correlation of TUL 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 TUL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TUL Corporation 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 TUL 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 TUL Stock Analysis
When running TUL's price analysis, check to measure TUL'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 TUL is operating at the current time. Most of TUL's value examination focuses on studying past and present price action to predict the probability of TUL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TUL's price. Additionally, you may evaluate how the addition of TUL to your portfolios can decrease your overall portfolio volatility.