First Insurance (Taiwan) Market Value
| 2852 Stock | TWD 24.85 0.30 1.22% |
| Symbol | First |
First Insurance '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 First Insurance'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 First Insurance.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in First Insurance on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding First Insurance Co or generate 0.0% return on investment in First Insurance over 180 days. First Insurance is related to or competes with Central Reinsurance, Huaku Development, Chailease Holding, and CTBC Financial. The First Insurance Co., Ltd. provides a range of insurance products to commercial and personal line customers in Taiwan More
First Insurance 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 First Insurance'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 First Insurance Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.22 |
First Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Insurance's standard deviation. In reality, there are many statistical measures that can use First Insurance historical prices to predict the future First Insurance's volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.103 |
First Insurance Backtested Returns
At this stage we consider First Stock to be very steady. First Insurance secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Insurance Co, which you can use to evaluate the volatility of the firm. Please confirm First Insurance's Mean Deviation of 0.6713, downside deviation of 1.06, and Coefficient Of Variation of 1759.55 to check if the risk estimate we provide is consistent with the expected return of 0.12%. First Insurance has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.43, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Insurance is expected to be smaller as well. First Insurance right now shows a risk of 0.89%. Please confirm First Insurance jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if First Insurance will be following its price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
First Insurance Co has poor reverse predictability. Overlapping area represents the amount of predictability between First Insurance time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 First Insurance price movement. The serial correlation of -0.38 indicates that just about 38.0% of current First Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
First Insurance lagged returns against current returns
Autocorrelation, which is First Insurance 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 First Insurance's stock expected returns. We can calculate the autocorrelation of First Insurance returns to help us make a trade decision. For example, suppose you find that First Insurance 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 |
First Insurance 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 First Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
First Insurance Lagged Returns
When evaluating First Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Insurance stock have on its future price. First Insurance 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, First Insurance autocorrelation shows the relationship between First Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in First Insurance Co.
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 First Stock Analysis
When running First Insurance's price analysis, check to measure First Insurance'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 First Insurance is operating at the current time. Most of First Insurance's value examination focuses on studying past and present price action to predict the probability of First Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Insurance's price. Additionally, you may evaluate how the addition of First Insurance to your portfolios can decrease your overall portfolio volatility.