Tze Shin (Taiwan) Market Value
| 2611 Stock | TWD 22.35 0.10 0.45% |
| Symbol | Tze |
Tze Shin '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 Tze Shin'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 Tze Shin.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Tze Shin on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tze Shin International or generate 0.0% return on investment in Tze Shin over 30 days. Tze Shin is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Information Technology, and Kinko Optical. The company offers cargo freight, container, truck, and transportation and terminal services, as well as petrochemical a... More
Tze Shin 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 Tze Shin'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 Tze Shin International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 1.97 |
Tze Shin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tze Shin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tze Shin's standard deviation. In reality, there are many statistical measures that can use Tze Shin historical prices to predict the future Tze Shin's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (1.04) |
Tze Shin International Backtested Returns
Tze Shin International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0279, which indicates the firm had a -0.0279% return per unit of risk over the last 3 months. Tze Shin International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tze Shin's Coefficient Of Variation of (1,167), risk adjusted performance of (0.06), and Variance of 1.96 to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tze Shin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tze Shin is expected to be smaller as well. At this point, Tze Shin International has a negative expected return of -0.0369%. Please make sure to validate Tze Shin's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Tze Shin International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Tze Shin International has modest predictability. Overlapping area represents the amount of predictability between Tze Shin time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 Tze Shin International price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Tze Shin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Tze Shin International lagged returns against current returns
Autocorrelation, which is Tze Shin 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 Tze Shin's stock expected returns. We can calculate the autocorrelation of Tze Shin returns to help us make a trade decision. For example, suppose you find that Tze Shin 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 |
Tze Shin 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 Tze Shin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tze Shin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tze Shin stock over time.
Current vs Lagged Prices |
| Timeline |
Tze Shin Lagged Returns
When evaluating Tze Shin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tze Shin stock have on its future price. Tze Shin 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, Tze Shin autocorrelation shows the relationship between Tze Shin stock current value and its past values and can show if there is a momentum factor associated with investing in Tze Shin International.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Tze Stock Analysis
When running Tze Shin's price analysis, check to measure Tze Shin'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 Tze Shin is operating at the current time. Most of Tze Shin's value examination focuses on studying past and present price action to predict the probability of Tze Shin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tze Shin's price. Additionally, you may evaluate how the addition of Tze Shin to your portfolios can decrease your overall portfolio volatility.