Taiwan Taomee (Taiwan) Market Value
| 6428 Stock | TWD 10.25 0.10 0.99% |
| Symbol | Taiwan |
Taiwan Taomee '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 Taomee'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 Taomee.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Taiwan Taomee on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Taiwan Taomee Co or generate 0.0% return on investment in Taiwan Taomee over 390 days. Taiwan Taomee is related to or competes with Mechema Chemicals, Dadi Early, Double Bond, Feng Hsin, China Airlines, and San Fu. Taiwan Taomee Co., Ltd. provides online gaming services in Taiwan More
Taiwan Taomee 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 Taomee'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 Taomee Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.55 | |||
| Information Ratio | 0.0078 | |||
| Maximum Drawdown | 10.2 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 4.43 |
Taiwan Taomee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Taomee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Taomee's standard deviation. In reality, there are many statistical measures that can use Taiwan Taomee historical prices to predict the future Taiwan Taomee's volatility.| Risk Adjusted Performance | 0.065 | |||
| Jensen Alpha | 0.2077 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0033 | |||
| Treynor Ratio | (0.23) |
Taiwan Taomee Backtested Returns
At this stage we consider Taiwan Stock to be not too volatile. Taiwan Taomee owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0131, which indicates the firm had a 0.0131% return per unit of risk over the last 3 months. We have found thirty technical indicators for Taiwan Taomee Co, which you can use to evaluate the volatility of the company. Please validate Taiwan Taomee's Semi Deviation of 1.33, coefficient of variation of 1297.99, and Risk Adjusted Performance of 0.065 to confirm if the risk estimate we provide is consistent with the expected return of 0.0232%. Taiwan Taomee has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Taiwan Taomee are expected to decrease at a much lower rate. During the bear market, Taiwan Taomee is likely to outperform the market. Taiwan Taomee right now has a risk of 1.77%. Please validate Taiwan Taomee downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Taiwan Taomee will be following its existing price patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Taiwan Taomee Co has weak reverse predictability. Overlapping area represents the amount of predictability between Taiwan Taomee time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Taomee price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Taiwan Taomee price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Taiwan Taomee lagged returns against current returns
Autocorrelation, which is Taiwan Taomee 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 Taomee's stock expected returns. We can calculate the autocorrelation of Taiwan Taomee returns to help us make a trade decision. For example, suppose you find that Taiwan Taomee 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 Taomee 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 Taomee stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Taomee stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Taomee stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Taomee Lagged Returns
When evaluating Taiwan Taomee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Taomee stock have on its future price. Taiwan Taomee 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 Taomee autocorrelation shows the relationship between Taiwan Taomee stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Taomee Co.
Regressed Prices |
| Timeline |
Pair Trading with Taiwan Taomee
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 Taomee 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 Taomee will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Taiwan Taomee 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 Taomee 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 Taomee - 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 Taomee Co to buy it.
The correlation of Taiwan Taomee 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 Taomee moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan Taomee 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 Taomee 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 Taiwan Stock Analysis
When running Taiwan Taomee's price analysis, check to measure Taiwan Taomee'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 Taomee is operating at the current time. Most of Taiwan Taomee's value examination focuses on studying past and present price action to predict the probability of Taiwan Taomee'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 Taomee's price. Additionally, you may evaluate how the addition of Taiwan Taomee to your portfolios can decrease your overall portfolio volatility.