Great Taipei (Taiwan) Market Value
| 9908 Stock | TWD 30.25 0.05 0.17% |
| Symbol | Great |
Great Taipei '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 Great Taipei'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 Great Taipei.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Great Taipei on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Great Taipei Gas or generate 0.0% return on investment in Great Taipei over 720 days. Great Taipei is related to or competes with Taiwan Secom, Taiwan Shin, Taiwan Cogeneration, Leatec Fine, Information Technology, SYN Tech, and E Lead. The Great Taipei Gas Corporation supplies natural gas in Taiwan More
Great Taipei 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 Great Taipei'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 Great Taipei Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 1.16 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.3328 |
Great Taipei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Taipei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Taipei's standard deviation. In reality, there are many statistical measures that can use Great Taipei historical prices to predict the future Great Taipei's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.37) |
Great Taipei Gas Backtested Returns
Great Taipei Gas holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Great Taipei Gas exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Great Taipei's Standard Deviation of 0.2427, risk adjusted performance of (0.14), and Market Risk Adjusted Performance of (1.36) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0342, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Great Taipei's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great Taipei is expected to be smaller as well. At this point, Great Taipei Gas has a negative expected return of -0.0334%. Please make sure to check out Great Taipei's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Great Taipei Gas performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Great Taipei Gas has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Great Taipei time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Great Taipei Gas price movement. The serial correlation of -0.76 indicates that around 76.0% of current Great Taipei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Great Taipei Gas lagged returns against current returns
Autocorrelation, which is Great Taipei 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 Great Taipei's stock expected returns. We can calculate the autocorrelation of Great Taipei returns to help us make a trade decision. For example, suppose you find that Great Taipei 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 |
Great Taipei 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 Great Taipei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Taipei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Taipei stock over time.
Current vs Lagged Prices |
| Timeline |
Great Taipei Lagged Returns
When evaluating Great Taipei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Taipei stock have on its future price. Great Taipei 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, Great Taipei autocorrelation shows the relationship between Great Taipei stock current value and its past values and can show if there is a momentum factor associated with investing in Great Taipei Gas.
Regressed Prices |
| Timeline |
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When running Great Taipei's price analysis, check to measure Great Taipei'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 Great Taipei is operating at the current time. Most of Great Taipei's value examination focuses on studying past and present price action to predict the probability of Great Taipei's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Taipei's price. Additionally, you may evaluate how the addition of Great Taipei to your portfolios can decrease your overall portfolio volatility.