EnTie Commercial (Taiwan) Market Value
| 2849 Stock | TWD 14.70 0.10 0.68% |
| Symbol | EnTie |
EnTie Commercial '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 EnTie Commercial'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 EnTie Commercial.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in EnTie Commercial on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding EnTie Commercial Bank or generate 0.0% return on investment in EnTie Commercial over 720 days. EnTie Commercial is related to or competes with Central Reinsurance, and Huaku Development. EnTie Commercial Bank Co., Ltd. provides banking products and services primarily in Taiwan More
EnTie Commercial 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 EnTie Commercial'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 EnTie Commercial Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 7.41 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.57 |
EnTie Commercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnTie Commercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnTie Commercial's standard deviation. In reality, there are many statistical measures that can use EnTie Commercial historical prices to predict the future EnTie Commercial's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.16) |
EnTie Commercial Bank Backtested Returns
EnTie Commercial Bank secures Sharpe Ratio (or Efficiency) of -0.0123, which denotes the company had a -0.0123% return per unit of volatility over the last 3 months. EnTie Commercial Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EnTie Commercial's Mean Deviation of 1.1, market risk adjusted performance of (0.15), and Standard Deviation of 1.57 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, EnTie Commercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding EnTie Commercial is expected to be smaller as well. At this point, EnTie Commercial Bank has a negative expected return of -0.0194%. Please make sure to confirm EnTie Commercial's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if EnTie Commercial Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
EnTie Commercial Bank has poor reverse predictability. Overlapping area represents the amount of predictability between EnTie Commercial time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 EnTie Commercial Bank price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current EnTie Commercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
EnTie Commercial Bank lagged returns against current returns
Autocorrelation, which is EnTie Commercial 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 EnTie Commercial's stock expected returns. We can calculate the autocorrelation of EnTie Commercial returns to help us make a trade decision. For example, suppose you find that EnTie Commercial 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 |
EnTie Commercial 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 EnTie Commercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnTie Commercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnTie Commercial stock over time.
Current vs Lagged Prices |
| Timeline |
EnTie Commercial Lagged Returns
When evaluating EnTie Commercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnTie Commercial stock have on its future price. EnTie Commercial 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, EnTie Commercial autocorrelation shows the relationship between EnTie Commercial stock current value and its past values and can show if there is a momentum factor associated with investing in EnTie Commercial Bank.
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 EnTie Stock Analysis
When running EnTie Commercial's price analysis, check to measure EnTie Commercial'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 EnTie Commercial is operating at the current time. Most of EnTie Commercial's value examination focuses on studying past and present price action to predict the probability of EnTie Commercial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnTie Commercial's price. Additionally, you may evaluate how the addition of EnTie Commercial to your portfolios can decrease your overall portfolio volatility.