Taiwan Cogeneration (Taiwan) Market Value
| 8926 Stock | TWD 43.80 0.95 2.22% |
| Symbol | Taiwan |
Taiwan Cogeneration '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 Taiwan Cogeneration'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 Taiwan Cogeneration.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Taiwan Cogeneration on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Taiwan Cogeneration Corp or generate 0.0% return on investment in Taiwan Cogeneration over 720 days. Taiwan Cogeneration is related to or competes with Taiwan Secom, Taiwan Shin, Leatec Fine, Information Technology, SYN Tech, E Lead, and Zinwell. Taiwan Cogeneration Corporation, together with its subsidiaries, operates cogeneration plants in Taiwan More
Taiwan Cogeneration 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 Taiwan Cogeneration'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 Taiwan Cogeneration Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.58 |
Taiwan Cogeneration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Cogeneration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Cogeneration's standard deviation. In reality, there are many statistical measures that can use Taiwan Cogeneration historical prices to predict the future Taiwan Cogeneration's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.56) |
Taiwan Cogeneration Corp Backtested Returns
Taiwan Cogeneration Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0334, which indicates the firm had a -0.0334% return per unit of risk over the last 3 months. Taiwan Cogeneration Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Cogeneration's Risk Adjusted Performance of (0.06), coefficient of variation of (1,264), and Variance of 1.12 to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Cogeneration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Cogeneration is expected to be smaller as well. At this point, Taiwan Cogeneration Corp has a negative expected return of -0.0374%. Please make sure to validate Taiwan Cogeneration's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Taiwan Cogeneration Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Taiwan Cogeneration Corp has good predictability. Overlapping area represents the amount of predictability between Taiwan Cogeneration time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Taiwan Cogeneration Corp price movement. The serial correlation of 0.79 indicates that around 79.0% of current Taiwan Cogeneration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 7.51 |
Taiwan Cogeneration Corp lagged returns against current returns
Autocorrelation, which is Taiwan Cogeneration 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 Taiwan Cogeneration's stock expected returns. We can calculate the autocorrelation of Taiwan Cogeneration returns to help us make a trade decision. For example, suppose you find that Taiwan Cogeneration 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 |
Taiwan Cogeneration 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 Taiwan Cogeneration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Cogeneration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Cogeneration stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Cogeneration Lagged Returns
When evaluating Taiwan Cogeneration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Cogeneration stock have on its future price. Taiwan Cogeneration 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, Taiwan Cogeneration autocorrelation shows the relationship between Taiwan Cogeneration stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Cogeneration Corp.
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 Taiwan Stock Analysis
When running Taiwan Cogeneration's price analysis, check to measure Taiwan Cogeneration'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 Taiwan Cogeneration is operating at the current time. Most of Taiwan Cogeneration's value examination focuses on studying past and present price action to predict the probability of Taiwan Cogeneration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Cogeneration's price. Additionally, you may evaluate how the addition of Taiwan Cogeneration to your portfolios can decrease your overall portfolio volatility.