Trade Van (Taiwan) Market Value
| 6183 Stock | TWD 80.90 0.10 0.12% |
| Symbol | Trade |
Trade Van '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 Trade Van'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 Trade Van.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Trade Van on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Trade Van Information Services or generate 0.0% return on investment in Trade Van over 180 days. Trade Van is related to or competes with United Microelectronics, and Winbond Electronics. Trade-Van Information Services Co. provides cloud value-added services in Taiwan and internationally More
Trade Van 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 Trade Van'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 Trade Van Information Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.86 |
Trade Van Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trade Van's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trade Van's standard deviation. In reality, there are many statistical measures that can use Trade Van historical prices to predict the future Trade Van's volatility.| Risk Adjusted Performance | 0.082 | |||
| Jensen Alpha | 0.0885 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 2.36 |
Trade Van Information Backtested Returns
At this stage we consider Trade Stock to be very steady. Trade Van Information owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Trade Van Information Services, which you can use to evaluate the volatility of the company. Please validate Trade Van's Semi Deviation of 0.8442, risk adjusted performance of 0.082, and Coefficient Of Variation of 959.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Trade Van has a performance score of 10 on a scale of 0 to 100. The entity has a beta of 0.0397, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trade Van's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trade Van is expected to be smaller as well. Trade Van Information right now has a risk of 1.0%. Please validate Trade Van downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Trade Van will be following its existing price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Trade Van Information Services has virtually no predictability. Overlapping area represents the amount of predictability between Trade Van time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Trade Van Information price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Trade Van price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 7.92 |
Trade Van Information lagged returns against current returns
Autocorrelation, which is Trade Van 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 Trade Van's stock expected returns. We can calculate the autocorrelation of Trade Van returns to help us make a trade decision. For example, suppose you find that Trade Van 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 |
Trade Van 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 Trade Van stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trade Van stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trade Van stock over time.
Current vs Lagged Prices |
| Timeline |
Trade Van Lagged Returns
When evaluating Trade Van's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trade Van stock have on its future price. Trade Van 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, Trade Van autocorrelation shows the relationship between Trade Van stock current value and its past values and can show if there is a momentum factor associated with investing in Trade Van Information Services.
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 Trade Stock Analysis
When running Trade Van's price analysis, check to measure Trade Van'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 Trade Van is operating at the current time. Most of Trade Van's value examination focuses on studying past and present price action to predict the probability of Trade Van's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trade Van's price. Additionally, you may evaluate how the addition of Trade Van to your portfolios can decrease your overall portfolio volatility.