Ton Yi (Taiwan) Market Value
| 9907 Stock | TWD 15.70 0.15 0.96% |
| Symbol | Ton |
Ton Yi '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 Ton Yi'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 Ton Yi.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ton Yi on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ton Yi Industrial or generate 0.0% return on investment in Ton Yi over 30 days. Ton Yi is related to or competes with Cheng Shin, China Steel, and Yulon. Ton Yi Industrial Corp. engages in the manufacturing, processing, and sale of various steel cans and tin plates in Taiwa... More
Ton Yi 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 Ton Yi'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 Ton Yi Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.68 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.24 |
Ton Yi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ton Yi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ton Yi's standard deviation. In reality, there are many statistical measures that can use Ton Yi historical prices to predict the future Ton Yi's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.1238 |
Ton Yi Industrial Backtested Returns
Ton Yi Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0318, which indicates the firm had a -0.0318% return per unit of risk over the last 3 months. Ton Yi Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Ton Yi's Coefficient Of Variation of (3,303), variance of 1.97, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ton Yi are expected to decrease at a much lower rate. During the bear market, Ton Yi is likely to outperform the market. At this point, Ton Yi Industrial has a negative expected return of -0.0455%. Please make sure to validate Ton Yi's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Ton Yi Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Ton Yi Industrial has modest predictability. Overlapping area represents the amount of predictability between Ton Yi time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Ton Yi Industrial price movement. The serial correlation of 0.51 indicates that about 51.0% of current Ton Yi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ton Yi Industrial lagged returns against current returns
Autocorrelation, which is Ton Yi 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 Ton Yi's stock expected returns. We can calculate the autocorrelation of Ton Yi returns to help us make a trade decision. For example, suppose you find that Ton Yi 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 |
Ton Yi 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 Ton Yi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ton Yi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ton Yi stock over time.
Current vs Lagged Prices |
| Timeline |
Ton Yi Lagged Returns
When evaluating Ton Yi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ton Yi stock have on its future price. Ton Yi 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, Ton Yi autocorrelation shows the relationship between Ton Yi stock current value and its past values and can show if there is a momentum factor associated with investing in Ton Yi Industrial.
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 Ton Stock Analysis
When running Ton Yi's price analysis, check to measure Ton Yi'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 Ton Yi is operating at the current time. Most of Ton Yi's value examination focuses on studying past and present price action to predict the probability of Ton Yi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ton Yi's price. Additionally, you may evaluate how the addition of Ton Yi to your portfolios can decrease your overall portfolio volatility.