Taiwan Navigation (Taiwan) Market Value
| 2617 Stock | TWD 31.05 0.05 0.16% |
| Symbol | Taiwan |
Taiwan Navigation '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 Taiwan Navigation'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 Taiwan Navigation.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Taiwan Navigation on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Taiwan Navigation Co or generate 0.0% return on investment in Taiwan Navigation over 720 days. Taiwan Navigation is related to or competes with U Ming, Sincere Navigation, Wan Hai, Chinese Maritime, and Yang Ming. Taiwan Navigation Co., Ltd. provides shipping services in Taiwan More
Taiwan Navigation 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 Taiwan Navigation'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 Taiwan Navigation Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.06 |
Taiwan Navigation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Navigation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Navigation's standard deviation. In reality, there are many statistical measures that can use Taiwan Navigation historical prices to predict the future Taiwan Navigation's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.345 |
Taiwan Navigation Backtested Returns
Taiwan Navigation owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.024, which indicates the firm had a -0.024% return per unit of risk over the last 3 months. Taiwan Navigation Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Navigation's Variance of 1.53, coefficient of variation of (3,702), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taiwan Navigation are expected to decrease at a much lower rate. During the bear market, Taiwan Navigation is likely to outperform the market. At this point, Taiwan Navigation has a negative expected return of -0.0301%. Please make sure to validate Taiwan Navigation's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Navigation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Taiwan Navigation Co has below average predictability. Overlapping area represents the amount of predictability between Taiwan Navigation time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Taiwan Navigation price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Taiwan Navigation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 5.15 |
Taiwan Navigation lagged returns against current returns
Autocorrelation, which is Taiwan Navigation 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 Taiwan Navigation's stock expected returns. We can calculate the autocorrelation of Taiwan Navigation returns to help us make a trade decision. For example, suppose you find that Taiwan Navigation 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 |
Taiwan Navigation 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 Taiwan Navigation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Navigation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Navigation stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Navigation Lagged Returns
When evaluating Taiwan Navigation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Navigation stock have on its future price. Taiwan Navigation 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, Taiwan Navigation autocorrelation shows the relationship between Taiwan Navigation stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Navigation Co.
Regressed Prices |
| Timeline |
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When running Taiwan Navigation's price analysis, check to measure Taiwan Navigation'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 Taiwan Navigation is operating at the current time. Most of Taiwan Navigation's value examination focuses on studying past and present price action to predict the probability of Taiwan Navigation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Navigation's price. Additionally, you may evaluate how the addition of Taiwan Navigation to your portfolios can decrease your overall portfolio volatility.