Tatung (Taiwan) Market Value
| 2371 Stock | TWD 47.35 0.85 1.83% |
| Symbol | Tatung |
Tatung '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 Tatung'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 Tatung.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tatung on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Tatung Co or generate 0.0% return on investment in Tatung over 30 days. Tatung is related to or competes with Qisda Corp, Winbond Electronics, Compal Electronics, Inventec Corp, and Macronix International. Tatung Co., Ltd., through its subsidiaries, provides power, consumer, and system solutions in Taiwan, China, Asia, Europ... More
Tatung 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 Tatung'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 Tatung Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.99 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 4.23 |
Tatung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tatung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tatung's standard deviation. In reality, there are many statistical measures that can use Tatung historical prices to predict the future Tatung's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1676 |
Tatung Backtested Returns
At this stage we consider Tatung Stock to be very steady. Tatung owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0336, which indicates the firm had a 0.0336% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tatung Co, which you can use to evaluate the volatility of the company. Please validate Tatung's Semi Deviation of 1.97, coefficient of variation of 3186.83, and Risk Adjusted Performance of 0.0308 to confirm if the risk estimate we provide is consistent with the expected return of 0.0817%. Tatung has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tatung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tatung is expected to be smaller as well. Tatung right now has a risk of 2.43%. Please validate Tatung standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Tatung will be following its existing price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Tatung Co has virtually no predictability. Overlapping area represents the amount of predictability between Tatung time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Tatung price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Tatung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.33 |
Tatung lagged returns against current returns
Autocorrelation, which is Tatung 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 Tatung's stock expected returns. We can calculate the autocorrelation of Tatung returns to help us make a trade decision. For example, suppose you find that Tatung 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 |
Tatung 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 Tatung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tatung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tatung stock over time.
Current vs Lagged Prices |
| Timeline |
Tatung Lagged Returns
When evaluating Tatung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tatung stock have on its future price. Tatung 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, Tatung autocorrelation shows the relationship between Tatung stock current value and its past values and can show if there is a momentum factor associated with investing in Tatung 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 Tatung Stock Analysis
When running Tatung's price analysis, check to measure Tatung'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 Tatung is operating at the current time. Most of Tatung's value examination focuses on studying past and present price action to predict the probability of Tatung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tatung's price. Additionally, you may evaluate how the addition of Tatung to your portfolios can decrease your overall portfolio volatility.