Tigerair Taiwan (Taiwan) Market Value
| 6757 Stock | 77.50 1.80 2.27% |
| Symbol | Tigerair |
Tigerair 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 Tigerair 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 Tigerair Taiwan.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tigerair Taiwan on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tigerair Taiwan Co or generate 0.0% return on investment in Tigerair Taiwan over 30 days.
Tigerair 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 Tigerair 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 Tigerair Taiwan Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.1533 | |||
| Maximum Drawdown | 14.13 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 6.42 |
Tigerair Taiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tigerair Taiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tigerair Taiwan's standard deviation. In reality, there are many statistical measures that can use Tigerair Taiwan historical prices to predict the future Tigerair Taiwan's volatility.| Risk Adjusted Performance | 0.1554 | |||
| Jensen Alpha | 0.6853 | |||
| Total Risk Alpha | 0.1241 | |||
| Sortino Ratio | 0.1913 | |||
| Treynor Ratio | (0.83) |
Tigerair Taiwan Backtested Returns
Tigerair Taiwan appears to be very steady, given 3 months investment horizon. Tigerair Taiwan owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Tigerair Taiwan's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review Tigerair Taiwan's Coefficient Of Variation of 518.51, risk adjusted performance of 0.1554, and Semi Deviation of 2.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tigerair Taiwan holds a performance score of 16. The entity has a beta of -0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tigerair Taiwan are expected to decrease at a much lower rate. During the bear market, Tigerair Taiwan is likely to outperform the market. Please check Tigerair Taiwan's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Tigerair Taiwan's existing price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Tigerair Taiwan Co has virtually no predictability. Overlapping area represents the amount of predictability between Tigerair Taiwan time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Tigerair Taiwan price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Tigerair Taiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 4.96 |
Tigerair Taiwan lagged returns against current returns
Autocorrelation, which is Tigerair 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 Tigerair Taiwan's stock expected returns. We can calculate the autocorrelation of Tigerair Taiwan returns to help us make a trade decision. For example, suppose you find that Tigerair 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 |
Tigerair 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 Tigerair Taiwan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tigerair Taiwan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tigerair Taiwan stock over time.
Current vs Lagged Prices |
| Timeline |
Tigerair Taiwan Lagged Returns
When evaluating Tigerair Taiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tigerair Taiwan stock have on its future price. Tigerair 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, Tigerair Taiwan autocorrelation shows the relationship between Tigerair Taiwan stock current value and its past values and can show if there is a momentum factor associated with investing in Tigerair Taiwan Co.
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 Tigerair Stock Analysis
When running Tigerair Taiwan's price analysis, check to measure Tigerair 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 Tigerair Taiwan is operating at the current time. Most of Tigerair Taiwan's value examination focuses on studying past and present price action to predict the probability of Tigerair 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 Tigerair Taiwan's price. Additionally, you may evaluate how the addition of Tigerair Taiwan to your portfolios can decrease your overall portfolio volatility.