Tai Tung (Taiwan) Market Value
| 8011 Stock | TWD 27.25 0.50 1.80% |
| Symbol | Tai |
Tai Tung '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 Tai Tung'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 Tai Tung.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Tai Tung on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Tai Tung Communication or generate 0.0% return on investment in Tai Tung over 720 days. Tai Tung is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Tai Tung Communication Co., Ltd. manufactures and sells telecommunication cables in Taiwan More
Tai Tung 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 Tai Tung'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 Tai Tung Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.54 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 5.13 |
Tai Tung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tai Tung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tai Tung's standard deviation. In reality, there are many statistical measures that can use Tai Tung historical prices to predict the future Tai Tung's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.046 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.9065 |
Tai Tung Communication Backtested Returns
At this stage we consider Tai Stock to be not too volatile. Tai Tung Communication owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0329, which indicates the firm had a 0.0329% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tai Tung Communication, which you can use to evaluate the volatility of the company. Please validate Tai Tung's Coefficient Of Variation of 4757.28, risk adjusted performance of 0.0236, and Semi Deviation of 2.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Tai Tung has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.0585, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tai Tung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tai Tung is expected to be smaller as well. Tai Tung Communication right now has a risk of 3.04%. Please validate Tai Tung downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Tai Tung will be following its existing price patterns.
Auto-correlation | 0.33 |
Below average predictability
Tai Tung Communication has below average predictability. Overlapping area represents the amount of predictability between Tai Tung time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Tai Tung Communication price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Tai Tung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 6.63 |
Tai Tung Communication lagged returns against current returns
Autocorrelation, which is Tai Tung 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 Tai Tung's stock expected returns. We can calculate the autocorrelation of Tai Tung returns to help us make a trade decision. For example, suppose you find that Tai Tung 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 |
Tai Tung 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 Tai Tung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tai Tung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tai Tung stock over time.
Current vs Lagged Prices |
| Timeline |
Tai Tung Lagged Returns
When evaluating Tai Tung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tai Tung stock have on its future price. Tai Tung 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, Tai Tung autocorrelation shows the relationship between Tai Tung stock current value and its past values and can show if there is a momentum factor associated with investing in Tai Tung Communication.
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 Tai Stock Analysis
When running Tai Tung's price analysis, check to measure Tai Tung'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 Tai Tung is operating at the current time. Most of Tai Tung's value examination focuses on studying past and present price action to predict the probability of Tai Tung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tai Tung's price. Additionally, you may evaluate how the addition of Tai Tung to your portfolios can decrease your overall portfolio volatility.