Tsang Yow (Taiwan) Market Value
| 1568 Stock | TWD 27.90 0.20 0.71% |
| Symbol | Tsang |
Tsang Yow '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 Tsang Yow'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 Tsang Yow.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Tsang Yow on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Tsang Yow Industrial or generate 0.0% return on investment in Tsang Yow over 720 days. Tsang Yow is related to or competes with Hota Industrial, BizLink Holding, Cub Elecparts, Hu Lane, and WIN Semiconductors. Tsang Yow Industrial Co., Ltd. manufactures and supplies transmission system components worldwide More
Tsang Yow 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 Tsang Yow'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 Tsang Yow Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.16 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.5 |
Tsang Yow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsang Yow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsang Yow's standard deviation. In reality, there are many statistical measures that can use Tsang Yow historical prices to predict the future Tsang Yow's volatility.| Risk Adjusted Performance | 0.0025 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.03) |
Tsang Yow Industrial Backtested Returns
Tsang Yow Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0034, which indicates the firm had a -0.0034% return per unit of risk over the last 3 months. Tsang Yow Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tsang Yow's Risk Adjusted Performance of 0.0025, coefficient of variation of (21,795), and Variance of 3.69 to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tsang Yow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tsang Yow is expected to be smaller as well. At this point, Tsang Yow Industrial has a negative expected return of -0.0065%. Please make sure to validate Tsang Yow's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Tsang Yow Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Tsang Yow Industrial has modest reverse predictability. Overlapping area represents the amount of predictability between Tsang Yow time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Tsang Yow Industrial price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Tsang Yow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 4.23 |
Tsang Yow Industrial lagged returns against current returns
Autocorrelation, which is Tsang Yow 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 Tsang Yow's stock expected returns. We can calculate the autocorrelation of Tsang Yow returns to help us make a trade decision. For example, suppose you find that Tsang Yow 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 |
Tsang Yow 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 Tsang Yow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsang Yow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsang Yow stock over time.
Current vs Lagged Prices |
| Timeline |
Tsang Yow Lagged Returns
When evaluating Tsang Yow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsang Yow stock have on its future price. Tsang Yow 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, Tsang Yow autocorrelation shows the relationship between Tsang Yow stock current value and its past values and can show if there is a momentum factor associated with investing in Tsang Yow Industrial.
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 Tsang Stock Analysis
When running Tsang Yow's price analysis, check to measure Tsang Yow'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 Tsang Yow is operating at the current time. Most of Tsang Yow's value examination focuses on studying past and present price action to predict the probability of Tsang Yow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tsang Yow's price. Additionally, you may evaluate how the addition of Tsang Yow to your portfolios can decrease your overall portfolio volatility.