Tatung System (Taiwan) Market Value
| 8099 Stock | TWD 87.00 6.90 8.61% |
| Symbol | Tatung |
Tatung System '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 Tatung System'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 Tatung System.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Tatung System on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Tatung System Technologies or generate 0.0% return on investment in Tatung System over 540 days. Tatung System is related to or competes with Alcor Micro, Singatron Enterprise, Wah Hong, CoAsia Microelectronics, and Taiwan Takisawa. Tatung System Technologies Inc. provides professional services and assistance in digital transformation More
Tatung System 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 Tatung System'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 Tatung System Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 4.99 |
Tatung System Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tatung System's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tatung System's standard deviation. In reality, there are many statistical measures that can use Tatung System historical prices to predict the future Tatung System's volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1213 |
Tatung System Techno Backtested Returns
At this stage we consider Tatung Stock to be very steady. Tatung System Techno owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0406, which indicates the firm had a 0.0406% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tatung System Technologies, which you can use to evaluate the volatility of the company. Please validate Tatung System's Semi Deviation of 2.17, coefficient of variation of 2289.36, and Risk Adjusted Performance of 0.0406 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Tatung System has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.89, which indicates possible diversification benefits within a given portfolio. Tatung System returns are very sensitive to returns on the market. As the market goes up or down, Tatung System is expected to follow. Tatung System Techno right now has a risk of 2.74%. Please validate Tatung System jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Tatung System will be following its existing price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Tatung System Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Tatung System time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Tatung System Techno price movement. The serial correlation of -0.21 indicates that over 21.0% of current Tatung System price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 173.01 |
Tatung System Techno lagged returns against current returns
Autocorrelation, which is Tatung System 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 Tatung System's stock expected returns. We can calculate the autocorrelation of Tatung System returns to help us make a trade decision. For example, suppose you find that Tatung System 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 |
Tatung System 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 Tatung System stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tatung System stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tatung System stock over time.
Current vs Lagged Prices |
| Timeline |
Tatung System Lagged Returns
When evaluating Tatung System's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tatung System stock have on its future price. Tatung System 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, Tatung System autocorrelation shows the relationship between Tatung System stock current value and its past values and can show if there is a momentum factor associated with investing in Tatung System Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Tatung System
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 Tatung System 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 Tatung System will appreciate offsetting losses from the drop in the long position's value.Moving together with Tatung Stock
Moving against Tatung Stock
| 0.71 | 910861 | Digital China Holdings | PairCorr |
| 0.6 | 6221 | Genesis Technology Split | PairCorr |
| 0.49 | 2072 | Century Wind Power | PairCorr |
| 0.47 | 3147 | Jetwell Computer | PairCorr |
The ability to find closely correlated positions to Tatung System could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tatung System 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 Tatung System - 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 Tatung System Technologies to buy it.
The correlation of Tatung System 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 Tatung System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tatung System Techno 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 Tatung System 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 Tatung Stock Analysis
When running Tatung System's price analysis, check to measure Tatung System'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 Tatung System is operating at the current time. Most of Tatung System's value examination focuses on studying past and present price action to predict the probability of Tatung System's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tatung System's price. Additionally, you may evaluate how the addition of Tatung System to your portfolios can decrease your overall portfolio volatility.