Taiwan Fire (Taiwan) Market Value
| 2832 Stock | TWD 29.45 0.10 0.34% |
| Symbol | Taiwan |
Taiwan Fire '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 Fire'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 Fire.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Taiwan Fire on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Fire Marine or generate 0.0% return on investment in Taiwan Fire over 30 days. Taiwan Fire is related to or competes with Central Reinsurance, Huaku Development, Fubon Financial, Chailease Holding, and CTBC Financial. Taiwan Fire Marine Insurance Co., Ltd. provides various insurance products and services in Taiwan More
Taiwan Fire 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 Fire'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 Fire Marine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5192 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.14 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.8711 |
Taiwan Fire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Fire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Fire's standard deviation. In reality, there are many statistical measures that can use Taiwan Fire historical prices to predict the future Taiwan Fire's volatility.| Risk Adjusted Performance | 0.1154 | |||
| Jensen Alpha | 0.0611 | |||
| Total Risk Alpha | 0.0098 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.9388 |
Taiwan Fire Marine Backtested Returns
At this stage we consider Taiwan Stock to be very steady. Taiwan Fire Marine owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taiwan Fire Marine, which you can use to evaluate the volatility of the company. Please validate Taiwan Fire's Risk Adjusted Performance of 0.1154, semi deviation of 0.2743, and Coefficient Of Variation of 599.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.08%. Taiwan Fire has a performance score of 13 on a scale of 0 to 100. The entity has a beta of 0.072, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Fire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Fire is expected to be smaller as well. Taiwan Fire Marine right now has a risk of 0.47%. Please validate Taiwan Fire mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Taiwan Fire will be following its existing price patterns.
Auto-correlation | 0.27 |
Poor predictability
Taiwan Fire Marine has poor predictability. Overlapping area represents the amount of predictability between Taiwan Fire time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Fire Marine price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Taiwan Fire price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Taiwan Fire Marine lagged returns against current returns
Autocorrelation, which is Taiwan Fire 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 Fire's stock expected returns. We can calculate the autocorrelation of Taiwan Fire returns to help us make a trade decision. For example, suppose you find that Taiwan Fire 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 Fire 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 Fire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Fire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Fire stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Fire Lagged Returns
When evaluating Taiwan Fire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Fire stock have on its future price. Taiwan Fire 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 Fire autocorrelation shows the relationship between Taiwan Fire stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Fire Marine.
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 Taiwan Stock Analysis
When running Taiwan Fire's price analysis, check to measure Taiwan Fire'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 Fire is operating at the current time. Most of Taiwan Fire's value examination focuses on studying past and present price action to predict the probability of Taiwan Fire'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 Fire's price. Additionally, you may evaluate how the addition of Taiwan Fire to your portfolios can decrease your overall portfolio volatility.