Evermore Chemical (Taiwan) Market Value
| 1735 Stock | TWD 19.45 0.05 0.26% |
| Symbol | Evermore |
Evermore Chemical '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 Evermore Chemical'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 Evermore Chemical.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Evermore Chemical on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Evermore Chemical Industry or generate 0.0% return on investment in Evermore Chemical over 30 days. Evermore Chemical is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. Evermore Chemical Industry Co., Ltd. produces and sells synthetic leather polyurethane resins in China, Taiwan, and inte... More
Evermore Chemical 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 Evermore Chemical'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 Evermore Chemical Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.0166 | |||
| Maximum Drawdown | 19.95 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 9.87 |
Evermore Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evermore Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evermore Chemical's standard deviation. In reality, there are many statistical measures that can use Evermore Chemical historical prices to predict the future Evermore Chemical's volatility.| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | 0.1945 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0227 | |||
| Treynor Ratio | 4.33 |
Evermore Chemical Backtested Returns
Evermore Chemical secures Sharpe Ratio (or Efficiency) of -0.0635, which denotes the company had a -0.0635% return per unit of risk over the last 3 months. Evermore Chemical Industry exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evermore Chemical's Coefficient Of Variation of 2087.35, downside deviation of 3.21, and Mean Deviation of 3.17 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0463, which means not very significant fluctuations relative to the market. As returns on the market increase, Evermore Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evermore Chemical is expected to be smaller as well. At this point, Evermore Chemical has a negative expected return of -0.25%. Please make sure to confirm Evermore Chemical's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Evermore Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Evermore Chemical Industry has good predictability. Overlapping area represents the amount of predictability between Evermore Chemical time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Evermore Chemical price movement. The serial correlation of 0.75 indicates that around 75.0% of current Evermore Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Evermore Chemical lagged returns against current returns
Autocorrelation, which is Evermore Chemical 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 Evermore Chemical's stock expected returns. We can calculate the autocorrelation of Evermore Chemical returns to help us make a trade decision. For example, suppose you find that Evermore Chemical 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 |
Evermore Chemical 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 Evermore Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evermore Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evermore Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Evermore Chemical Lagged Returns
When evaluating Evermore Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evermore Chemical stock have on its future price. Evermore Chemical 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, Evermore Chemical autocorrelation shows the relationship between Evermore Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Evermore Chemical Industry.
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 Evermore Stock Analysis
When running Evermore Chemical's price analysis, check to measure Evermore Chemical'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 Evermore Chemical is operating at the current time. Most of Evermore Chemical's value examination focuses on studying past and present price action to predict the probability of Evermore Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evermore Chemical's price. Additionally, you may evaluate how the addition of Evermore Chemical to your portfolios can decrease your overall portfolio volatility.