Victory New (Taiwan) Market Value
| 1340 Stock | TWD 9.94 0.10 1.02% |
| Symbol | Victory |
Victory New '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 Victory New'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 Victory New.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Victory New on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Victory New Materials or generate 0.0% return on investment in Victory New over 180 days. Victory New is related to or competes with Asia Plastic, Hunya Foods, Jinli Group, Kwong Fong, and De Licacy. Victory New Materials Limited Company manufactures and sells shoe materials in China and internationally More
Victory New 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 Victory New'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 Victory New Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.78 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.9 |
Victory New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory New's standard deviation. In reality, there are many statistical measures that can use Victory New historical prices to predict the future Victory New's volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | 0.0336 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.08) |
Victory New Materials Backtested Returns
At this stage we consider Victory Stock to be not too volatile. Victory New Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.024, which indicates the firm had a 0.024% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Victory New Materials, which you can use to evaluate the volatility of the company. Please validate Victory New's Coefficient Of Variation of 6903.12, risk adjusted performance of 0.0162, and Semi Deviation of 1.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.0381%. Victory New has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victory New are expected to decrease at a much lower rate. During the bear market, Victory New is likely to outperform the market. Victory New Materials right now has a risk of 1.59%. Please validate Victory New mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Victory New will be following its existing price patterns.
Auto-correlation | 0.50 |
Modest predictability
Victory New Materials has modest predictability. Overlapping area represents the amount of predictability between Victory New time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Victory New Materials price movement. The serial correlation of 0.5 indicates that about 50.0% of current Victory New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Victory New Materials lagged returns against current returns
Autocorrelation, which is Victory New 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 Victory New's stock expected returns. We can calculate the autocorrelation of Victory New returns to help us make a trade decision. For example, suppose you find that Victory New 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 |
Victory New 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 Victory New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Victory New stock over time.
Current vs Lagged Prices |
| Timeline |
Victory New Lagged Returns
When evaluating Victory New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory New stock have on its future price. Victory New 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, Victory New autocorrelation shows the relationship between Victory New stock current value and its past values and can show if there is a momentum factor associated with investing in Victory New Materials.
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 Victory Stock Analysis
When running Victory New's price analysis, check to measure Victory New'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 Victory New is operating at the current time. Most of Victory New's value examination focuses on studying past and present price action to predict the probability of Victory New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Victory New's price. Additionally, you may evaluate how the addition of Victory New to your portfolios can decrease your overall portfolio volatility.