TSRC Corp (Taiwan) Market Value
| 2103 Stock | TWD 22.20 0.15 0.67% |
| Symbol | TSRC |
TSRC 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 TSRC 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 TSRC Corp.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in TSRC Corp on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding TSRC Corp or generate 0.0% return on investment in TSRC Corp over 720 days. TSRC Corp is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. TSRC Corporation manufactures and markets synthetic rubber and elastomers, and applied materials in Taiwan and internati... More
TSRC 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 TSRC 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 TSRC Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.52 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.71 |
TSRC Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TSRC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TSRC Corp's standard deviation. In reality, there are many statistical measures that can use TSRC Corp historical prices to predict the future TSRC Corp's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | 0.029 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.01) |
TSRC Corp Backtested Returns
At this stage we consider TSRC Stock to be very steady. TSRC Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0092, which indicates the firm had a 0.0092% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for TSRC Corp, which you can use to evaluate the volatility of the company. Please validate TSRC Corp's risk adjusted performance of 0.0109, and Coefficient Of Variation of 11146.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.012%. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TSRC Corp are expected to decrease at a much lower rate. During the bear market, TSRC Corp is likely to outperform the market. TSRC Corp presently has a risk of 1.3%. Please validate TSRC Corp jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if TSRC Corp will be following its existing price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
TSRC Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between TSRC Corp time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 TSRC Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current TSRC Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
TSRC Corp lagged returns against current returns
Autocorrelation, which is TSRC 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 TSRC Corp's stock expected returns. We can calculate the autocorrelation of TSRC Corp returns to help us make a trade decision. For example, suppose you find that TSRC 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 |
TSRC 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 TSRC Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TSRC Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TSRC Corp stock over time.
Current vs Lagged Prices |
| Timeline |
TSRC Corp Lagged Returns
When evaluating TSRC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TSRC Corp stock have on its future price. TSRC 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, TSRC Corp autocorrelation shows the relationship between TSRC Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TSRC 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 TSRC Stock Analysis
When running TSRC Corp's price analysis, check to measure TSRC 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 TSRC Corp is operating at the current time. Most of TSRC Corp's value examination focuses on studying past and present price action to predict the probability of TSRC 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 TSRC Corp's price. Additionally, you may evaluate how the addition of TSRC Corp to your portfolios can decrease your overall portfolio volatility.