Taiwan Paiho (Taiwan) Market Value
| 9938 Stock | TWD 80.40 1.90 2.42% |
| Symbol | Taiwan |
Taiwan Paiho '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 Paiho'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 Paiho.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Taiwan Paiho on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Paiho or generate 0.0% return on investment in Taiwan Paiho over 30 days. Taiwan Paiho is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. Taiwan Paiho Limited produces and sells textiles and fasteners in Taiwan and internationally More
Taiwan Paiho 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 Paiho'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 Paiho upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.1075 | |||
| Maximum Drawdown | 13.31 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 6.11 |
Taiwan Paiho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Paiho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Paiho's standard deviation. In reality, there are many statistical measures that can use Taiwan Paiho historical prices to predict the future Taiwan Paiho's volatility.| Risk Adjusted Performance | 0.122 | |||
| Jensen Alpha | 0.3803 | |||
| Total Risk Alpha | 0.0415 | |||
| Sortino Ratio | 0.1329 | |||
| Treynor Ratio | (4.36) |
Taiwan Paiho Backtested Returns
Taiwan Paiho appears to be very steady, given 3 months investment horizon. Taiwan Paiho owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taiwan Paiho, which you can use to evaluate the volatility of the company. Please review Taiwan Paiho's Semi Deviation of 1.54, risk adjusted performance of 0.122, and Coefficient Of Variation of 663.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taiwan Paiho holds a performance score of 14. The entity has a beta of -0.0852, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taiwan Paiho are expected to decrease at a much lower rate. During the bear market, Taiwan Paiho is likely to outperform the market. Please check Taiwan Paiho's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Taiwan Paiho's existing price patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Taiwan Paiho has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Taiwan Paiho time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Paiho price movement. The serial correlation of -0.78 indicates that around 78.0% of current Taiwan Paiho price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
Taiwan Paiho lagged returns against current returns
Autocorrelation, which is Taiwan Paiho 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 Paiho's stock expected returns. We can calculate the autocorrelation of Taiwan Paiho returns to help us make a trade decision. For example, suppose you find that Taiwan Paiho 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 Paiho 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 Paiho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Paiho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Paiho stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Paiho Lagged Returns
When evaluating Taiwan Paiho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Paiho stock have on its future price. Taiwan Paiho 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 Paiho autocorrelation shows the relationship between Taiwan Paiho stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Paiho.
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 Paiho's price analysis, check to measure Taiwan Paiho'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 Paiho is operating at the current time. Most of Taiwan Paiho's value examination focuses on studying past and present price action to predict the probability of Taiwan Paiho'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 Paiho's price. Additionally, you may evaluate how the addition of Taiwan Paiho to your portfolios can decrease your overall portfolio volatility.