Iron Force (Taiwan) Market Value
| 2228 Stock | TWD 103.00 0.50 0.49% |
| Symbol | Iron |
Iron Force '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 Iron Force'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 Iron Force.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Iron Force on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Iron Force Industrial or generate 0.0% return on investment in Iron Force over 180 days. Iron Force is related to or competes with E Lead, Jentech Precision, Turvo International, Ruentex Development, Symtek Automation, CTCI Corp, and Information Technology. Iron Force Industrial Co., Ltd. manufactures and trades in auto parts, and display and houseware products in Taiwan and ... More
Iron Force 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 Iron Force'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 Iron Force Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.58 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 5.08 |
Iron Force Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iron Force's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iron Force's standard deviation. In reality, there are many statistical measures that can use Iron Force historical prices to predict the future Iron Force's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | 0.0543 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3507 |
Iron Force Industrial Backtested Returns
Iron Force Industrial holds Efficiency (Sharpe) Ratio of -0.0497, which attests that the entity had a -0.0497% return per unit of risk over the last 3 months. Iron Force Industrial exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iron Force's Market Risk Adjusted Performance of 0.3607, risk adjusted performance of 0.0341, and Downside Deviation of 2.09 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Iron Force's returns are expected to increase less than the market. However, during the bear market, the loss of holding Iron Force is expected to be smaller as well. At this point, Iron Force Industrial has a negative expected return of -0.12%. Please make sure to check out Iron Force's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Iron Force Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Iron Force Industrial has modest predictability. Overlapping area represents the amount of predictability between Iron Force time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Iron Force Industrial price movement. The serial correlation of 0.5 indicates that about 50.0% of current Iron Force price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 35.14 |
Iron Force Industrial lagged returns against current returns
Autocorrelation, which is Iron Force 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 Iron Force's stock expected returns. We can calculate the autocorrelation of Iron Force returns to help us make a trade decision. For example, suppose you find that Iron Force 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 |
Iron Force 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 Iron Force stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iron Force stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iron Force stock over time.
Current vs Lagged Prices |
| Timeline |
Iron Force Lagged Returns
When evaluating Iron Force's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iron Force stock have on its future price. Iron Force 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, Iron Force autocorrelation shows the relationship between Iron Force stock current value and its past values and can show if there is a momentum factor associated with investing in Iron Force 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 Iron Stock Analysis
When running Iron Force's price analysis, check to measure Iron Force'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 Iron Force is operating at the current time. Most of Iron Force's value examination focuses on studying past and present price action to predict the probability of Iron Force's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iron Force's price. Additionally, you may evaluate how the addition of Iron Force to your portfolios can decrease your overall portfolio volatility.