Mercuries Life (Taiwan) Market Value
| 2867 Stock | TWD 6.60 0.04 0.60% |
| Symbol | Mercuries |
Mercuries Life '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 Mercuries Life'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 Mercuries Life.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Mercuries Life on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Mercuries Life Insurance or generate 0.0% return on investment in Mercuries Life over 360 days. Mercuries Life is related to or competes with CSBC Corp, Hung Sheng, Ton Yi, and De Licacy. Mercuries Life Insurance Company Ltd. provides life insurance products primarily in Taiwan More
Mercuries Life 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 Mercuries Life'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 Mercuries Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.45 |
Mercuries Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercuries Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercuries Life's standard deviation. In reality, there are many statistical measures that can use Mercuries Life historical prices to predict the future Mercuries Life's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 7.5 |
Mercuries Life Insurance Backtested Returns
Mercuries Life Insurance has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Mercuries Life exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercuries Life's Risk Adjusted Performance of (0.15), mean deviation of 0.9404, and Standard Deviation of 1.41 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0388, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mercuries Life are expected to decrease at a much lower rate. During the bear market, Mercuries Life is likely to outperform the market. At this point, Mercuries Life Insurance has a negative expected return of -0.26%. Please make sure to verify Mercuries Life's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Mercuries Life Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Mercuries Life Insurance has very good reverse predictability. Overlapping area represents the amount of predictability between Mercuries Life time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Mercuries Life Insurance price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Mercuries Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Mercuries Life Insurance lagged returns against current returns
Autocorrelation, which is Mercuries Life 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 Mercuries Life's stock expected returns. We can calculate the autocorrelation of Mercuries Life returns to help us make a trade decision. For example, suppose you find that Mercuries Life 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 |
Mercuries Life 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 Mercuries Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercuries Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercuries Life stock over time.
Current vs Lagged Prices |
| Timeline |
Mercuries Life Lagged Returns
When evaluating Mercuries Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercuries Life stock have on its future price. Mercuries Life 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, Mercuries Life autocorrelation shows the relationship between Mercuries Life stock current value and its past values and can show if there is a momentum factor associated with investing in Mercuries Life Insurance.
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 Mercuries Stock Analysis
When running Mercuries Life's price analysis, check to measure Mercuries Life'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 Mercuries Life is operating at the current time. Most of Mercuries Life's value examination focuses on studying past and present price action to predict the probability of Mercuries Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercuries Life's price. Additionally, you may evaluate how the addition of Mercuries Life to your portfolios can decrease your overall portfolio volatility.