Ruentex Materials (Taiwan) Market Value

8463 Stock  TWD 26.10  0.10  0.38%   
Ruentex Materials' market value is the price at which a share of Ruentex Materials trades on a public exchange. It measures the collective expectations of Ruentex Materials Co investors about its performance. Ruentex Materials is selling for under 26.10 as of the 30th of November 2024; that is 0.38 percent decrease since the beginning of the trading day. The stock's lowest day price was 25.8.
With this module, you can estimate the performance of a buy and hold strategy of Ruentex Materials Co and determine expected loss or profit from investing in Ruentex Materials over a given investment horizon. Check out Ruentex Materials Correlation, Ruentex Materials Volatility and Ruentex Materials Alpha and Beta module to complement your research on Ruentex Materials.
Symbol

Please note, there is a significant difference between Ruentex Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ruentex Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ruentex Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ruentex Materials '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 Ruentex Materials' 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 Ruentex Materials.
0.00
06/03/2024
No Change 0.00  0.0 
In 5 months and 30 days
11/30/2024
0.00
If you would invest  0.00  in Ruentex Materials on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ruentex Materials Co or generate 0.0% return on investment in Ruentex Materials over 180 days. Ruentex Materials is related to or competes with Taiwan Cement, Asia Cement, Goldsun Building, Universal Cement, Huang Hsiang, Chia Hsin, and Hsing Ta. It offers Portland blast furnace cement, Portland cement, and stove powder and mortar, surface powder, and sticky and se... More

Ruentex Materials 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 Ruentex Materials' 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 Ruentex Materials Co upside and downside potential and time the market with a certain degree of confidence.

Ruentex Materials Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ruentex Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ruentex Materials' standard deviation. In reality, there are many statistical measures that can use Ruentex Materials historical prices to predict the future Ruentex Materials' volatility.
Hype
Prediction
LowEstimatedHigh
24.7626.1027.44
Details
Intrinsic
Valuation
LowRealHigh
25.5026.8428.18
Details
Naive
Forecast
LowNextHigh
24.7326.0727.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.8226.3526.88
Details

Ruentex Materials Backtested Returns

Ruentex Materials maintains Sharpe Ratio (i.e., Efficiency) of -0.0826, which implies the firm had a -0.0826% return per unit of risk over the last 3 months. Ruentex Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ruentex Materials' Coefficient Of Variation of (1,087), risk adjusted performance of (0.07), and Variance of 1.75 to confirm the risk estimate we provide. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ruentex Materials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ruentex Materials is expected to be smaller as well. At this point, Ruentex Materials has a negative expected return of -0.11%. Please make sure to check Ruentex Materials' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Ruentex Materials performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.30  

Below average predictability

Ruentex Materials Co has below average predictability. Overlapping area represents the amount of predictability between Ruentex Materials time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Ruentex Materials price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Ruentex Materials price fluctuation can be explain by its past prices.
Correlation Coefficient0.3
Spearman Rank Test0.3
Residual Average0.0
Price Variance0.93

Ruentex Materials lagged returns against current returns

Autocorrelation, which is Ruentex Materials 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 Ruentex Materials' stock expected returns. We can calculate the autocorrelation of Ruentex Materials returns to help us make a trade decision. For example, suppose you find that Ruentex Materials 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  

Ruentex Materials 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 Ruentex Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ruentex Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ruentex Materials stock over time.
   Current vs Lagged Prices   
       Timeline  

Ruentex Materials Lagged Returns

When evaluating Ruentex Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ruentex Materials stock have on its future price. Ruentex Materials 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, Ruentex Materials autocorrelation shows the relationship between Ruentex Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Ruentex Materials Co.
   Regressed Prices   
       Timeline  

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Additional Tools for Ruentex Stock Analysis

When running Ruentex Materials' price analysis, check to measure Ruentex Materials' 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 Ruentex Materials is operating at the current time. Most of Ruentex Materials' value examination focuses on studying past and present price action to predict the probability of Ruentex Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Materials' price. Additionally, you may evaluate how the addition of Ruentex Materials to your portfolios can decrease your overall portfolio volatility.