ZongTai Real (Taiwan) Market Value
| 3056 Stock | TWD 34.35 0.25 0.73% |
| Symbol | ZongTai |
ZongTai Real '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 ZongTai Real'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 ZongTai Real.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in ZongTai Real on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding ZongTai Real Estate or generate 0.0% return on investment in ZongTai Real over 30 days. ZongTai Real is related to or competes with Lian Hwa, Ever Clear, Standard Foods, Mechema Chemicals, Chun Yuan, TMP Steel, and Hi Lai. ZongTai Real Estate Development Co., Ltd More
ZongTai Real 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 ZongTai Real'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 ZongTai Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.45 |
ZongTai Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZongTai Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZongTai Real's standard deviation. In reality, there are many statistical measures that can use ZongTai Real historical prices to predict the future ZongTai Real's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.38) |
ZongTai Real Estate Backtested Returns
ZongTai Real Estate shows Sharpe Ratio of -0.0543, which attests that the company had a -0.0543% return per unit of risk over the last 3 months. ZongTai Real Estate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZongTai Real's Standard Deviation of 1.77, mean deviation of 1.22, and Market Risk Adjusted Performance of (0.37) to validate the risk estimate we provide. The firm maintains a market beta of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZongTai Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZongTai Real is expected to be smaller as well. At this point, ZongTai Real Estate has a negative expected return of -0.0959%. Please make sure to check out ZongTai Real's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if ZongTai Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.91 |
Excellent predictability
ZongTai Real Estate has excellent predictability. Overlapping area represents the amount of predictability between ZongTai Real time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 ZongTai Real Estate price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current ZongTai Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
ZongTai Real Estate lagged returns against current returns
Autocorrelation, which is ZongTai Real 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 ZongTai Real's stock expected returns. We can calculate the autocorrelation of ZongTai Real returns to help us make a trade decision. For example, suppose you find that ZongTai Real 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 |
ZongTai Real 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 ZongTai Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZongTai Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZongTai Real stock over time.
Current vs Lagged Prices |
| Timeline |
ZongTai Real Lagged Returns
When evaluating ZongTai Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZongTai Real stock have on its future price. ZongTai Real 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, ZongTai Real autocorrelation shows the relationship between ZongTai Real stock current value and its past values and can show if there is a momentum factor associated with investing in ZongTai Real Estate.
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 ZongTai Stock Analysis
When running ZongTai Real's price analysis, check to measure ZongTai Real'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 ZongTai Real is operating at the current time. Most of ZongTai Real's value examination focuses on studying past and present price action to predict the probability of ZongTai Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZongTai Real's price. Additionally, you may evaluate how the addition of ZongTai Real to your portfolios can decrease your overall portfolio volatility.