Tainan Spinning (Taiwan) Market Value
| 1440 Stock | TWD 15.20 0.05 0.33% |
| Symbol | Tainan |
Tainan Spinning '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 Tainan Spinning'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 Tainan Spinning.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Tainan Spinning on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Tainan Spinning Co or generate 0.0% return on investment in Tainan Spinning over 720 days. Tainan Spinning is related to or competes with Lealea Enterprise, China Petrochemical, Li Peng, Oriental Union, and UPC Technology. Tainan Spinning Co., Ltd. manufactures, processes, and sells various textile products in Taiwan and internationally More
Tainan Spinning 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 Tainan Spinning'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 Tainan Spinning Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.33 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.54 |
Tainan Spinning Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tainan Spinning's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tainan Spinning's standard deviation. In reality, there are many statistical measures that can use Tainan Spinning historical prices to predict the future Tainan Spinning's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 7.2 |
Tainan Spinning Backtested Returns
Tainan Spinning owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0804, which indicates the firm had a -0.0804% return per unit of risk over the last 3 months. Tainan Spinning Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tainan Spinning's Variance of 1.08, risk adjusted performance of (0.07), and Coefficient Of Variation of (987.14) to confirm the risk estimate we provide. The entity has a beta of -0.016, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tainan Spinning are expected to decrease at a much lower rate. During the bear market, Tainan Spinning is likely to outperform the market. At this point, Tainan Spinning has a negative expected return of -0.0813%. Please make sure to validate Tainan Spinning's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Tainan Spinning performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Tainan Spinning Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tainan Spinning time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Tainan Spinning price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Tainan Spinning price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
Tainan Spinning lagged returns against current returns
Autocorrelation, which is Tainan Spinning 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 Tainan Spinning's stock expected returns. We can calculate the autocorrelation of Tainan Spinning returns to help us make a trade decision. For example, suppose you find that Tainan Spinning 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 |
Tainan Spinning 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 Tainan Spinning stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tainan Spinning stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tainan Spinning stock over time.
Current vs Lagged Prices |
| Timeline |
Tainan Spinning Lagged Returns
When evaluating Tainan Spinning's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tainan Spinning stock have on its future price. Tainan Spinning 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, Tainan Spinning autocorrelation shows the relationship between Tainan Spinning stock current value and its past values and can show if there is a momentum factor associated with investing in Tainan Spinning Co.
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 Tainan Stock Analysis
When running Tainan Spinning's price analysis, check to measure Tainan Spinning'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 Tainan Spinning is operating at the current time. Most of Tainan Spinning's value examination focuses on studying past and present price action to predict the probability of Tainan Spinning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tainan Spinning's price. Additionally, you may evaluate how the addition of Tainan Spinning to your portfolios can decrease your overall portfolio volatility.