Bonny Worldwide (Taiwan) Market Value
| 8467 Stock | TWD 283.00 2.50 0.88% |
| Symbol | Bonny |
Bonny Worldwide '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 Bonny Worldwide'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 Bonny Worldwide.
| 07/06/2023 |
| 11/27/2024 |
If you would invest 0.00 in Bonny Worldwide on July 6, 2023 and sell it all today you would earn a total of 0.00 from holding Bonny Worldwide or generate 0.0% return on investment in Bonny Worldwide over 510 days. Bonny Worldwide is related to or competes with Feng Tay, Ruentex Materials, Symtek Automation, CTCI Corp, Information Technology, Kinko Optical, and Chong Hong. Bonny Worldwide Limited, together with its subsidiaries, manufactures and sells OEM and ODM carbon fiber rackets and rel... More
Bonny Worldwide 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 Bonny Worldwide'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 Bonny Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.1008 | |||
| Maximum Drawdown | 17.62 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 6.33 |
Bonny Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonny Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonny Worldwide's standard deviation. In reality, there are many statistical measures that can use Bonny Worldwide historical prices to predict the future Bonny Worldwide's volatility.| Risk Adjusted Performance | 0.1159 | |||
| Jensen Alpha | 0.5005 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1109 | |||
| Treynor Ratio | (0.92) |
Bonny Worldwide Backtested Returns
Bonny Worldwide appears to be very steady, given 3 months investment horizon. Bonny Worldwide secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bonny Worldwide, which you can use to evaluate the volatility of the firm. Please makes use of Bonny Worldwide's Risk Adjusted Performance of 0.1159, mean deviation of 2.2, and Downside Deviation of 2.91 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bonny Worldwide holds a performance score of 10. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bonny Worldwide are expected to decrease at a much lower rate. During the bear market, Bonny Worldwide is likely to outperform the market. Please check Bonny Worldwide's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Bonny Worldwide's price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
Bonny Worldwide has very good predictability. Overlapping area represents the amount of predictability between Bonny Worldwide time series from 6th of July 2023 to 17th of March 2024 and 17th of March 2024 to 27th 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 Bonny Worldwide price movement. The serial correlation of 0.84 indicates that around 84.0% of current Bonny Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1224.42 |
Bonny Worldwide lagged returns against current returns
Autocorrelation, which is Bonny Worldwide 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 Bonny Worldwide's stock expected returns. We can calculate the autocorrelation of Bonny Worldwide returns to help us make a trade decision. For example, suppose you find that Bonny Worldwide 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 |
Bonny Worldwide 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 Bonny Worldwide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonny Worldwide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonny Worldwide stock over time.
Current vs Lagged Prices |
| Timeline |
Bonny Worldwide Lagged Returns
When evaluating Bonny Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonny Worldwide stock have on its future price. Bonny Worldwide 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, Bonny Worldwide autocorrelation shows the relationship between Bonny Worldwide stock current value and its past values and can show if there is a momentum factor associated with investing in Bonny Worldwide.
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 Bonny Stock Analysis
When running Bonny Worldwide's price analysis, check to measure Bonny Worldwide'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 Bonny Worldwide is operating at the current time. Most of Bonny Worldwide's value examination focuses on studying past and present price action to predict the probability of Bonny Worldwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bonny Worldwide's price. Additionally, you may evaluate how the addition of Bonny Worldwide to your portfolios can decrease your overall portfolio volatility.