First Steamship (Taiwan) Market Value

2601 Stock  TWD 7.63  0.05  0.65%   
First Steamship's market value is the price at which a share of First Steamship trades on a public exchange. It measures the collective expectations of First Steamship Co investors about its performance. First Steamship is selling for under 7.63 as of the 4th of December 2024; that is 0.65 percent decrease since the beginning of the trading day. The stock's lowest day price was 7.6.
With this module, you can estimate the performance of a buy and hold strategy of First Steamship Co and determine expected loss or profit from investing in First Steamship over a given investment horizon. Check out First Steamship Correlation, First Steamship Volatility and First Steamship Alpha and Beta module to complement your research on First Steamship.
Symbol

Please note, there is a significant difference between First Steamship's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Steamship is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Steamship's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

First Steamship '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 First Steamship'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 First Steamship.
0.00
12/10/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/04/2024
0.00
If you would invest  0.00  in First Steamship on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding First Steamship Co or generate 0.0% return on investment in First Steamship over 360 days. First Steamship is related to or competes with Sincere Navigation, Evergreen International, Far Eastern, Hung Sheng, and China Container. First Steamship Company, Ltd. operates as a shipping company in Taiwan More

First Steamship 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 First Steamship'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 First Steamship Co upside and downside potential and time the market with a certain degree of confidence.

First Steamship Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for First Steamship's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Steamship's standard deviation. In reality, there are many statistical measures that can use First Steamship historical prices to predict the future First Steamship's volatility.
Hype
Prediction
LowEstimatedHigh
5.547.639.72
Details
Intrinsic
Valuation
LowRealHigh
4.546.638.72
Details
Naive
Forecast
LowNextHigh
5.207.299.38
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.677.767.86
Details

First Steamship Backtested Returns

At this stage we consider First Stock to be somewhat reliable. First Steamship secures Sharpe Ratio (or Efficiency) of 0.0725, which denotes the company had a 0.0725% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Steamship Co, which you can use to evaluate the volatility of the firm. Please confirm First Steamship's Coefficient Of Variation of 2554.74, downside deviation of 2.26, and Mean Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.15%. First Steamship has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Steamship are expected to decrease at a much lower rate. During the bear market, First Steamship is likely to outperform the market. First Steamship right now shows a risk of 2.09%. Please confirm First Steamship jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if First Steamship will be following its price patterns.

Auto-correlation

    
  0.22  

Weak predictability

First Steamship Co has weak predictability. Overlapping area represents the amount of predictability between First Steamship time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 First Steamship price movement. The serial correlation of 0.22 indicates that over 22.0% of current First Steamship price fluctuation can be explain by its past prices.
Correlation Coefficient0.22
Spearman Rank Test0.17
Residual Average0.0
Price Variance0.18

First Steamship lagged returns against current returns

Autocorrelation, which is First Steamship 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 First Steamship's stock expected returns. We can calculate the autocorrelation of First Steamship returns to help us make a trade decision. For example, suppose you find that First Steamship 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  

First Steamship 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 First Steamship stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Steamship stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Steamship stock over time.
   Current vs Lagged Prices   
       Timeline  

First Steamship Lagged Returns

When evaluating First Steamship's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Steamship stock have on its future price. First Steamship 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, First Steamship autocorrelation shows the relationship between First Steamship stock current value and its past values and can show if there is a momentum factor associated with investing in First Steamship Co.
   Regressed Prices   
       Timeline  

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Additional Tools for First Stock Analysis

When running First Steamship's price analysis, check to measure First Steamship'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 First Steamship is operating at the current time. Most of First Steamship's value examination focuses on studying past and present price action to predict the probability of First Steamship's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Steamship's price. Additionally, you may evaluate how the addition of First Steamship to your portfolios can decrease your overall portfolio volatility.