Zimmite Taiwan (Taiwan) Market Value
| 8435 Stock | TWD 71.90 0.10 0.14% |
| Symbol | Zimmite |
Zimmite 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 Zimmite 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 Zimmite Taiwan.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Zimmite Taiwan on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Zimmite Taiwan or generate 0.0% return on investment in Zimmite Taiwan over 360 days. Zimmite Taiwan is related to or competes with China Metal, ADLINK Technology, Simplo Technology, Vate Technology, Microtips Technology, and Genovate Biotechnology. Zimmite Taiwan Ltd. engages in the industrial water treatment activities in Taiwan and China More
Zimmite 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 Zimmite 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 Zimmite Taiwan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8898 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 1.36 |
Zimmite Taiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zimmite Taiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zimmite Taiwan's standard deviation. In reality, there are many statistical measures that can use Zimmite Taiwan historical prices to predict the future Zimmite Taiwan's volatility.| Risk Adjusted Performance | 0.0156 | |||
| Jensen Alpha | 0.0235 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.04) |
Zimmite Taiwan Backtested Returns
Zimmite Taiwan shows Sharpe Ratio of -0.0124, which attests that the company had a -0.0124% return per unit of risk over the last 3 months. Zimmite Taiwan exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zimmite Taiwan's Downside Deviation of 0.8898, market risk adjusted performance of (0.03), and Mean Deviation of 0.5411 to validate the risk estimate we provide. The firm maintains a market beta of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zimmite Taiwan are expected to decrease at a much lower rate. During the bear market, Zimmite Taiwan is likely to outperform the market. At this point, Zimmite Taiwan has a negative expected return of -0.01%. Please make sure to check out Zimmite Taiwan's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Zimmite Taiwan performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Zimmite Taiwan has good predictability. Overlapping area represents the amount of predictability between Zimmite Taiwan time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Zimmite Taiwan price movement. The serial correlation of 0.71 indicates that around 71.0% of current Zimmite Taiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 6.43 |
Zimmite Taiwan lagged returns against current returns
Autocorrelation, which is Zimmite 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 Zimmite Taiwan's stock expected returns. We can calculate the autocorrelation of Zimmite Taiwan returns to help us make a trade decision. For example, suppose you find that Zimmite 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 |
Zimmite 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 Zimmite Taiwan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zimmite Taiwan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zimmite Taiwan stock over time.
Current vs Lagged Prices |
| Timeline |
Zimmite Taiwan Lagged Returns
When evaluating Zimmite Taiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zimmite Taiwan stock have on its future price. Zimmite 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, Zimmite Taiwan autocorrelation shows the relationship between Zimmite Taiwan stock current value and its past values and can show if there is a momentum factor associated with investing in Zimmite Taiwan.
Regressed Prices |
| Timeline |
Pair Trading with Zimmite Taiwan
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 Zimmite Taiwan 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 Zimmite Taiwan will appreciate offsetting losses from the drop in the long position's value.Moving together with Zimmite Stock
Moving against Zimmite Stock
The ability to find closely correlated positions to Zimmite Taiwan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zimmite Taiwan 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 Zimmite Taiwan - 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 Zimmite Taiwan to buy it.
The correlation of Zimmite Taiwan 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 Zimmite Taiwan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zimmite Taiwan 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 Zimmite Taiwan 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 Zimmite Stock Analysis
When running Zimmite Taiwan's price analysis, check to measure Zimmite 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 Zimmite Taiwan is operating at the current time. Most of Zimmite Taiwan's value examination focuses on studying past and present price action to predict the probability of Zimmite 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 Zimmite Taiwan's price. Additionally, you may evaluate how the addition of Zimmite Taiwan to your portfolios can decrease your overall portfolio volatility.