Feng Tay (Taiwan) Market Value
| 9910 Stock | TWD 131.00 1.00 0.76% |
| Symbol | Feng |
Feng Tay '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 Feng Tay'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 Feng Tay.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Feng Tay on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Feng Tay Enterprises or generate 0.0% return on investment in Feng Tay over 30 days. Feng Tay is related to or competes with Pou Chen, Eclat Textile, Hotai, Giant Manufacturing, and President Chain. Feng Tay Enterprises Co., Ltd. produces and sells athletic shoes in Taiwan and internationally More
Feng Tay 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 Feng Tay'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 Feng Tay Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.05 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 2.54 |
Feng Tay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Feng Tay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Feng Tay's standard deviation. In reality, there are many statistical measures that can use Feng Tay historical prices to predict the future Feng Tay's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.36) |
Feng Tay Enterprises Backtested Returns
Feng Tay Enterprises secures Sharpe Ratio (or Efficiency) of -0.0585, which denotes the company had a -0.0585% return per unit of risk over the last 3 months. Feng Tay Enterprises exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Feng Tay's Standard Deviation of 1.88, mean deviation of 1.4, and Variance of 3.53 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Feng Tay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Feng Tay is expected to be smaller as well. At this point, Feng Tay Enterprises has a negative expected return of -0.11%. Please make sure to confirm Feng Tay's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Feng Tay Enterprises performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Feng Tay Enterprises has modest predictability. Overlapping area represents the amount of predictability between Feng Tay time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Feng Tay Enterprises price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Feng Tay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
Feng Tay Enterprises lagged returns against current returns
Autocorrelation, which is Feng Tay 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 Feng Tay's stock expected returns. We can calculate the autocorrelation of Feng Tay returns to help us make a trade decision. For example, suppose you find that Feng Tay 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 |
Feng Tay 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 Feng Tay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Feng Tay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Feng Tay stock over time.
Current vs Lagged Prices |
| Timeline |
Feng Tay Lagged Returns
When evaluating Feng Tay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Feng Tay stock have on its future price. Feng Tay 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, Feng Tay autocorrelation shows the relationship between Feng Tay stock current value and its past values and can show if there is a momentum factor associated with investing in Feng Tay Enterprises.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Feng Stock Analysis
When running Feng Tay's price analysis, check to measure Feng Tay'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 Feng Tay is operating at the current time. Most of Feng Tay's value examination focuses on studying past and present price action to predict the probability of Feng Tay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Feng Tay's price. Additionally, you may evaluate how the addition of Feng Tay to your portfolios can decrease your overall portfolio volatility.