Trk Corp (Taiwan) Market Value
| 1432 Stock | TWD 19.55 0.45 2.25% |
| Symbol | Trk |
Trk Corp '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 Trk Corp'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 Trk Corp.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Trk Corp on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Trk Corp or generate 0.0% return on investment in Trk Corp over 30 days. Trk Corp is related to or competes with Formosa Taffeta, Tainan Spinning, Carnival Industrial, Lily Textile, and Universal Textile. Taroko Co., Ltd., together with its subsidiaries, engages in management of commercial real estate properties in Taiwan a... More
Trk Corp 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 Trk Corp'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 Trk Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0181 | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.18 |
Trk Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trk Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trk Corp's standard deviation. In reality, there are many statistical measures that can use Trk Corp historical prices to predict the future Trk Corp's volatility.| Risk Adjusted Performance | 0.07 | |||
| Jensen Alpha | 0.1387 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0174 | |||
| Treynor Ratio | 1.52 |
Trk Corp Backtested Returns
At this stage we consider Trk Stock to be very steady. Trk Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0774, which indicates the firm had a 0.0774% return per unit of risk over the last 3 months. We have found thirty technical indicators for Trk Corp, which you can use to evaluate the volatility of the company. Please validate Trk Corp's Coefficient Of Variation of 1198.01, semi deviation of 1.59, and Risk Adjusted Performance of 0.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Trk Corp has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.0985, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trk Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trk Corp is expected to be smaller as well. Trk Corp right now has a risk of 1.96%. Please validate Trk Corp downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Trk Corp will be following its existing price patterns.
Auto-correlation | 0.34 |
Below average predictability
Trk Corp has below average predictability. Overlapping area represents the amount of predictability between Trk Corp time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Trk Corp price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Trk Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Trk Corp lagged returns against current returns
Autocorrelation, which is Trk Corp 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 Trk Corp's stock expected returns. We can calculate the autocorrelation of Trk Corp returns to help us make a trade decision. For example, suppose you find that Trk Corp 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 |
Trk Corp 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 Trk Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trk Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trk Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Trk Corp Lagged Returns
When evaluating Trk Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trk Corp stock have on its future price. Trk Corp 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, Trk Corp autocorrelation shows the relationship between Trk Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Trk Corp.
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 Trk Stock Analysis
When running Trk Corp's price analysis, check to measure Trk Corp'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 Trk Corp is operating at the current time. Most of Trk Corp's value examination focuses on studying past and present price action to predict the probability of Trk Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trk Corp's price. Additionally, you may evaluate how the addition of Trk Corp to your portfolios can decrease your overall portfolio volatility.