Momo (Taiwan) Market Value
| 8454 Stock | TWD 369.50 5.50 1.51% |
| Symbol | Momo |
Momo '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 Momo'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 Momo.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Momo on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding momo Inc or generate 0.0% return on investment in Momo over 30 days. Momo is related to or competes with President Chain, Silergy Corp, PChome Online, Eclat Textile, and Fubon Financial. momo.com Inc. engages in the TV and radio production, radio and TV program distribution, radio and TV advertising, issui... More
Momo 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 Momo'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 momo Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 2.3 |
Momo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Momo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Momo's standard deviation. In reality, there are many statistical measures that can use Momo historical prices to predict the future Momo's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (1.01) |
momo Inc Backtested Returns
momo Inc has Sharpe Ratio of -0.0929, which conveys that the firm had a -0.0929% return per unit of risk over the last 3 months. Momo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Momo's Market Risk Adjusted Performance of (1.00), standard deviation of 1.13, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Momo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Momo is expected to be smaller as well. At this point, momo Inc has a negative expected return of -0.11%. Please make sure to verify Momo's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if momo Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
momo Inc has insignificant predictability. Overlapping area represents the amount of predictability between Momo time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 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 momo Inc price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Momo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 10.87 |
momo Inc lagged returns against current returns
Autocorrelation, which is Momo 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 Momo's stock expected returns. We can calculate the autocorrelation of Momo returns to help us make a trade decision. For example, suppose you find that Momo 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 |
Momo 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 Momo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Momo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Momo stock over time.
Current vs Lagged Prices |
| Timeline |
Momo Lagged Returns
When evaluating Momo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Momo stock have on its future price. Momo 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, Momo autocorrelation shows the relationship between Momo stock current value and its past values and can show if there is a momentum factor associated with investing in momo Inc.
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 Momo Stock Analysis
When running Momo's price analysis, check to measure Momo'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 Momo is operating at the current time. Most of Momo's value examination focuses on studying past and present price action to predict the probability of Momo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Momo's price. Additionally, you may evaluate how the addition of Momo to your portfolios can decrease your overall portfolio volatility.