Taiwan Business (Taiwan) Market Value
| 2834 Stock | TWD 14.80 0.15 1.00% |
| Symbol | Taiwan |
Taiwan Business '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 Business' 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 Business.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Taiwan Business on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Business Bank or generate 0.0% return on investment in Taiwan Business over 30 days. Taiwan Business is related to or competes with First Financial, Chang Hwa, Sinopac Financial, Taishin Financial, and Hua Nan. Taiwan Business Bank, Ltd. provides banking and financial services to small and medium-size businesses in Taiwan, the Un... More
Taiwan Business 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 Business' 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 Business Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.27 |
Taiwan Business Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Business' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Business' standard deviation. In reality, there are many statistical measures that can use Taiwan Business historical prices to predict the future Taiwan Business' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.70) |
Taiwan Business Bank Backtested Returns
Taiwan Business Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0923, which indicates the firm had a -0.0923% return per unit of risk over the last 3 months. Taiwan Business Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Business' Coefficient Of Variation of (1,044), variance of 0.9689, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Business' returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Business is expected to be smaller as well. At this point, Taiwan Business Bank has a negative expected return of -0.0923%. Please make sure to validate Taiwan Business' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Business Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Taiwan Business Bank has very good predictability. Overlapping area represents the amount of predictability between Taiwan Business time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Business Bank price movement. The serial correlation of 0.81 indicates that around 81.0% of current Taiwan Business price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Taiwan Business Bank lagged returns against current returns
Autocorrelation, which is Taiwan Business 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 Business' stock expected returns. We can calculate the autocorrelation of Taiwan Business returns to help us make a trade decision. For example, suppose you find that Taiwan Business 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 Business 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 Business stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Business stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Business stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Business Lagged Returns
When evaluating Taiwan Business' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Business stock have on its future price. Taiwan Business 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 Business autocorrelation shows the relationship between Taiwan Business stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Business Bank.
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 Taiwan Stock Analysis
When running Taiwan Business' price analysis, check to measure Taiwan Business' 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 Business is operating at the current time. Most of Taiwan Business' value examination focuses on studying past and present price action to predict the probability of Taiwan Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Business' price. Additionally, you may evaluate how the addition of Taiwan Business to your portfolios can decrease your overall portfolio volatility.