Taiflex Scientific (Taiwan) Market Value
| 8039 Stock | TWD 47.75 0.55 1.17% |
| Symbol | Taiflex |
Taiflex Scientific '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 Taiflex Scientific'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 Taiflex Scientific.
| 10/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Taiflex Scientific on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Taiflex Scientific Co or generate 0.0% return on investment in Taiflex Scientific over 60 days. Taiflex Scientific is related to or competes with Flexium Interconnect, Career Technology, Powertech Technology, Elite Material, and Kinsus Interconnect. Taiflex Scientific Co., Ltd. engages in the manufacture, wholesale, and retail of electronic materials and components in... More
Taiflex Scientific 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 Taiflex Scientific'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 Taiflex Scientific Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 3.22 |
Taiflex Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiflex Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiflex Scientific's standard deviation. In reality, there are many statistical measures that can use Taiflex Scientific historical prices to predict the future Taiflex Scientific's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.58) |
Taiflex Scientific Backtested Returns
Taiflex Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.28, which indicates the firm had a -0.28% return per unit of risk over the last 3 months. Taiflex Scientific Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiflex Scientific's Coefficient Of Variation of (527.33), risk adjusted performance of (0.13), and Variance of 5.18 to confirm the risk estimate we provide. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taiflex Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiflex Scientific is expected to be smaller as well. At this point, Taiflex Scientific has a negative expected return of -0.57%. Please make sure to validate Taiflex Scientific's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Taiflex Scientific performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Taiflex Scientific Co has insignificant predictability. Overlapping area represents the amount of predictability between Taiflex Scientific time series from 12th of October 2024 to 11th of November 2024 and 11th of November 2024 to 11th 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 Taiflex Scientific price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Taiflex Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Taiflex Scientific lagged returns against current returns
Autocorrelation, which is Taiflex Scientific 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 Taiflex Scientific's stock expected returns. We can calculate the autocorrelation of Taiflex Scientific returns to help us make a trade decision. For example, suppose you find that Taiflex Scientific 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 |
Taiflex Scientific 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 Taiflex Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiflex Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiflex Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Taiflex Scientific Lagged Returns
When evaluating Taiflex Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiflex Scientific stock have on its future price. Taiflex Scientific 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, Taiflex Scientific autocorrelation shows the relationship between Taiflex Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Taiflex Scientific 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 Taiflex Stock Analysis
When running Taiflex Scientific's price analysis, check to measure Taiflex Scientific'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 Taiflex Scientific is operating at the current time. Most of Taiflex Scientific's value examination focuses on studying past and present price action to predict the probability of Taiflex Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiflex Scientific's price. Additionally, you may evaluate how the addition of Taiflex Scientific to your portfolios can decrease your overall portfolio volatility.