Taiwan Surface (Taiwan) Market Value
| 6278 Stock | TWD 103.50 2.00 1.97% |
| Symbol | Taiwan |
Taiwan Surface '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 Surface'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 Surface.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Taiwan Surface on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Surface Mounting or generate 0.0% return on investment in Taiwan Surface over 240 days. Taiwan Surface is related to or competes with Unimicron Technology, Flexium Interconnect, Radiant Opto, Kinsus Interconnect, and Tong Hsing. Taiwan Surface Mounting Technology Corp. provides LCD surface-mount technology production solutions in Mainland China, T... More
Taiwan Surface 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 Surface'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 Surface Mounting upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.4 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.44 |
Taiwan Surface Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Surface's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Surface's standard deviation. In reality, there are many statistical measures that can use Taiwan Surface historical prices to predict the future Taiwan Surface's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.47) |
Taiwan Surface Mounting Backtested Returns
Taiwan Surface Mounting owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Taiwan Surface Mounting exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Surface's Risk Adjusted Performance of (0.05), variance of 2.81, and Coefficient Of Variation of (1,332) to confirm the risk estimate we provide. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Surface's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Surface is expected to be smaller as well. At this point, Taiwan Surface Mounting has a negative expected return of -0.19%. Please make sure to validate Taiwan Surface'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 Surface Mounting performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Taiwan Surface Mounting has good reverse predictability. Overlapping area represents the amount of predictability between Taiwan Surface time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Surface Mounting price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Taiwan Surface price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 22.3 |
Taiwan Surface Mounting lagged returns against current returns
Autocorrelation, which is Taiwan Surface 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 Surface's stock expected returns. We can calculate the autocorrelation of Taiwan Surface returns to help us make a trade decision. For example, suppose you find that Taiwan Surface 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 Surface 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 Surface stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Surface stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Surface stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Surface Lagged Returns
When evaluating Taiwan Surface's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Surface stock have on its future price. Taiwan Surface 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 Surface autocorrelation shows the relationship between Taiwan Surface stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Surface Mounting.
Regressed Prices |
| Timeline |
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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 Taiwan Stock Analysis
When running Taiwan Surface's price analysis, check to measure Taiwan Surface'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 Surface is operating at the current time. Most of Taiwan Surface's value examination focuses on studying past and present price action to predict the probability of Taiwan Surface'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 Surface's price. Additionally, you may evaluate how the addition of Taiwan Surface to your portfolios can decrease your overall portfolio volatility.