Formosa Sumco (Taiwan) Market Value
| 3532 Stock | TWD 113.00 0.50 0.44% |
| Symbol | Formosa |
Formosa Sumco '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 Formosa Sumco'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 Formosa Sumco.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Formosa Sumco on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Formosa Sumco Technology or generate 0.0% return on investment in Formosa Sumco over 30 days. Formosa Sumco is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Nan Ya, and Chunghwa Telecom. Formosa Sumco Technology Corporation provides silicon wafer in Taiwan More
Formosa Sumco 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 Formosa Sumco'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 Formosa Sumco Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.71 |
Formosa Sumco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa Sumco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosa Sumco's standard deviation. In reality, there are many statistical measures that can use Formosa Sumco historical prices to predict the future Formosa Sumco's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.91) |
Formosa Sumco Technology Backtested Returns
Formosa Sumco Technology secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Formosa Sumco Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Sumco's Standard Deviation of 1.81, variance of 3.28, and Mean Deviation of 1.4 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Formosa Sumco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formosa Sumco is expected to be smaller as well. At this point, Formosa Sumco Technology has a negative expected return of -0.24%. Please make sure to confirm Formosa Sumco's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Formosa Sumco Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Formosa Sumco Technology has very good predictability. Overlapping area represents the amount of predictability between Formosa Sumco time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Formosa Sumco Technology price movement. The serial correlation of 0.84 indicates that around 84.0% of current Formosa Sumco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 4.81 |
Formosa Sumco Technology lagged returns against current returns
Autocorrelation, which is Formosa Sumco 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 Formosa Sumco's stock expected returns. We can calculate the autocorrelation of Formosa Sumco returns to help us make a trade decision. For example, suppose you find that Formosa Sumco 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 |
Formosa Sumco 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 Formosa Sumco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosa Sumco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosa Sumco stock over time.
Current vs Lagged Prices |
| Timeline |
Formosa Sumco Lagged Returns
When evaluating Formosa Sumco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosa Sumco stock have on its future price. Formosa Sumco 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, Formosa Sumco autocorrelation shows the relationship between Formosa Sumco stock current value and its past values and can show if there is a momentum factor associated with investing in Formosa Sumco Technology.
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 Formosa Stock Analysis
When running Formosa Sumco's price analysis, check to measure Formosa Sumco'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 Formosa Sumco is operating at the current time. Most of Formosa Sumco's value examination focuses on studying past and present price action to predict the probability of Formosa Sumco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Sumco's price. Additionally, you may evaluate how the addition of Formosa Sumco to your portfolios can decrease your overall portfolio volatility.