Top Bright (Taiwan) Market Value
| 8499 Stock | TWD 325.00 4.00 1.25% |
| Symbol | Top |
Top Bright '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 Top Bright'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 Top Bright.
| 10/17/2025 |
| 01/15/2026 |
If you would invest 0.00 in Top Bright on October 17, 2025 and sell it all today you would earn a total of 0.00 from holding Top Bright Holding or generate 0.0% return on investment in Top Bright over 90 days. Top Bright is related to or competes with Kaimei Electronic, WinMate Communication, Chin Poon, Materials Analysis, INPAQ Technology, Netronix, and Aces Electronics. Top Bright Holding Co., Ltd. engages in the research, development, manufacture, and sale of weighing instruments and ele... More
Top Bright 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 Top Bright'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 Top Bright Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0298 | |||
| Maximum Drawdown | 19.85 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 8.9 |
Top Bright Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Top Bright's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Top Bright's standard deviation. In reality, there are many statistical measures that can use Top Bright historical prices to predict the future Top Bright's volatility.| Risk Adjusted Performance | 0.0523 | |||
| Jensen Alpha | 0.1547 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0369 | |||
| Treynor Ratio | 0.3736 |
Top Bright Holding Backtested Returns
Top Bright appears to be very steady, given 3 months investment horizon. Top Bright Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0773, which indicates the firm had a 0.0773 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Top Bright Holding, which you can use to evaluate the volatility of the company. Please review Top Bright's Risk Adjusted Performance of 0.0523, semi deviation of 2.75, and Coefficient Of Variation of 1595.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Top Bright holds a performance score of 6. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Top Bright's returns are expected to increase less than the market. However, during the bear market, the loss of holding Top Bright is expected to be smaller as well. Please check Top Bright's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Top Bright's existing price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Top Bright Holding has insignificant predictability. Overlapping area represents the amount of predictability between Top Bright time series from 17th of October 2025 to 1st of December 2025 and 1st of December 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Top Bright Holding price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Top Bright price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1347.93 |
Top Bright Holding lagged returns against current returns
Autocorrelation, which is Top Bright 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 Top Bright's stock expected returns. We can calculate the autocorrelation of Top Bright returns to help us make a trade decision. For example, suppose you find that Top Bright 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 |
Top Bright 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 Top Bright stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Top Bright stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Top Bright stock over time.
Current vs Lagged Prices |
| Timeline |
Top Bright Lagged Returns
When evaluating Top Bright's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Top Bright stock have on its future price. Top Bright 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, Top Bright autocorrelation shows the relationship between Top Bright stock current value and its past values and can show if there is a momentum factor associated with investing in Top Bright Holding.
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 Top Stock Analysis
When running Top Bright's price analysis, check to measure Top Bright'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 Top Bright is operating at the current time. Most of Top Bright's value examination focuses on studying past and present price action to predict the probability of Top Bright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Top Bright's price. Additionally, you may evaluate how the addition of Top Bright to your portfolios can decrease your overall portfolio volatility.