Tofu Restaurant (Taiwan) Market Value
| 2752 Stock | TWD 240.00 10.00 4.00% |
| Symbol | Tofu |
Tofu Restaurant '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 Tofu Restaurant'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 Tofu Restaurant.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tofu Restaurant on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Tofu Restaurant Co or generate 0.0% return on investment in Tofu Restaurant over 30 days. Tofu Restaurant is related to or competes with Hi Lai, Louisa Professional, Ruentex Development, Symtek Automation, CTCI Corp, Information Technology, and Kinko Optical. Tofu Restaurant Co., Ltd engages in the chain restaurant business in Taiwan More
Tofu Restaurant 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 Tofu Restaurant'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 Tofu Restaurant Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 2.82 |
Tofu Restaurant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tofu Restaurant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tofu Restaurant's standard deviation. In reality, there are many statistical measures that can use Tofu Restaurant historical prices to predict the future Tofu Restaurant's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.51) |
Tofu Restaurant Backtested Returns
Tofu Restaurant owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0335, which indicates the firm had a -0.0335% return per unit of risk over the last 3 months. Tofu Restaurant Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tofu Restaurant's Coefficient Of Variation of (1,173), risk adjusted performance of (0.06), and Variance of 3.55 to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tofu Restaurant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tofu Restaurant is expected to be smaller as well. At this point, Tofu Restaurant has a negative expected return of -0.059%. Please make sure to validate Tofu Restaurant's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Tofu Restaurant performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Tofu Restaurant Co has good reverse predictability. Overlapping area represents the amount of predictability between Tofu Restaurant 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 Tofu Restaurant price movement. The serial correlation of -0.52 indicates that about 52.0% of current Tofu Restaurant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 32.11 |
Tofu Restaurant lagged returns against current returns
Autocorrelation, which is Tofu Restaurant 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 Tofu Restaurant's stock expected returns. We can calculate the autocorrelation of Tofu Restaurant returns to help us make a trade decision. For example, suppose you find that Tofu Restaurant 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 |
Tofu Restaurant 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 Tofu Restaurant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tofu Restaurant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tofu Restaurant stock over time.
Current vs Lagged Prices |
| Timeline |
Tofu Restaurant Lagged Returns
When evaluating Tofu Restaurant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tofu Restaurant stock have on its future price. Tofu Restaurant 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, Tofu Restaurant autocorrelation shows the relationship between Tofu Restaurant stock current value and its past values and can show if there is a momentum factor associated with investing in Tofu Restaurant Co.
Regressed Prices |
| Timeline |
Pair Trading with Tofu Restaurant
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tofu Restaurant position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tofu Restaurant will appreciate offsetting losses from the drop in the long position's value.Moving together with Tofu Stock
Moving against Tofu Stock
| 0.53 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.52 | 2755 | YoungQin International | PairCorr |
| 0.39 | 2881A | Fubon Financial Holding | PairCorr |
| 0.37 | 2891 | CTBC Financial Holding | PairCorr |
| 0.36 | 2723 | Gourmet Master | PairCorr |
The ability to find closely correlated positions to Tofu Restaurant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tofu Restaurant when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tofu Restaurant - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tofu Restaurant Co to buy it.
The correlation of Tofu Restaurant is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tofu Restaurant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tofu Restaurant moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tofu Restaurant can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Tofu Stock Analysis
When running Tofu Restaurant's price analysis, check to measure Tofu Restaurant'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 Tofu Restaurant is operating at the current time. Most of Tofu Restaurant's value examination focuses on studying past and present price action to predict the probability of Tofu Restaurant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tofu Restaurant's price. Additionally, you may evaluate how the addition of Tofu Restaurant to your portfolios can decrease your overall portfolio volatility.