Taiwan Shin (Taiwan) Market Value
| 9925 Stock | TWD 41.10 0.10 0.24% |
| Symbol | Taiwan |
Taiwan Shin '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 Shin'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 Shin.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Taiwan Shin on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Taiwan Shin Kong or generate 0.0% return on investment in Taiwan Shin over 600 days. Taiwan Shin is related to or competes with Taiwan Secom, Yulon Finance, CHC Resources, Nak Sealing, and CTCI Corp. ,Ltd. provides family preservation and corporate security services More
Taiwan Shin 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 Shin'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 Shin Kong upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6408 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.9816 |
Taiwan Shin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Shin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Shin's standard deviation. In reality, there are many statistical measures that can use Taiwan Shin historical prices to predict the future Taiwan Shin's volatility.| Risk Adjusted Performance | 0.0113 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0127 |
Taiwan Shin Kong Backtested Returns
Taiwan Shin Kong owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0678, which indicates the firm had a -0.0678% return per unit of risk over the last 3 months. Taiwan Shin Kong exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Shin's Risk Adjusted Performance of 0.0113, semi deviation of 0.5192, and Coefficient Of Variation of 5449.95 to confirm the risk estimate we provide. The entity has a beta of 0.0827, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Shin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Shin is expected to be smaller as well. At this point, Taiwan Shin Kong has a negative expected return of -0.0332%. Please make sure to validate Taiwan Shin's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Taiwan Shin Kong performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Taiwan Shin Kong has average predictability. Overlapping area represents the amount of predictability between Taiwan Shin time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 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 Taiwan Shin Kong price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Taiwan Shin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Taiwan Shin Kong lagged returns against current returns
Autocorrelation, which is Taiwan Shin 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 Shin's stock expected returns. We can calculate the autocorrelation of Taiwan Shin returns to help us make a trade decision. For example, suppose you find that Taiwan Shin 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 Shin 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 Shin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Shin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Shin stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Shin Lagged Returns
When evaluating Taiwan Shin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Shin stock have on its future price. Taiwan Shin 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 Shin autocorrelation shows the relationship between Taiwan Shin stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Shin Kong.
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 Taiwan Stock Analysis
When running Taiwan Shin's price analysis, check to measure Taiwan Shin'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 Shin is operating at the current time. Most of Taiwan Shin's value examination focuses on studying past and present price action to predict the probability of Taiwan Shin'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 Shin's price. Additionally, you may evaluate how the addition of Taiwan Shin to your portfolios can decrease your overall portfolio volatility.