Ma Kuang (Taiwan) Market Value
| 4139 Stock | TWD 29.95 0.25 0.83% |
| Symbol | 4139 |
Ma Kuang '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 Ma Kuang'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 Ma Kuang.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Ma Kuang on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Ma Kuang Healthcare or generate 0.0% return on investment in Ma Kuang over 90 days. Ma Kuang is related to or competes with YuantaP Shares, YuantaP Shares, YuantaP Shares, and Fubon MSCI. More
Ma Kuang 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 Ma Kuang'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 Ma Kuang Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.91 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 3.21 |
Ma Kuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ma Kuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ma Kuang's standard deviation. In reality, there are many statistical measures that can use Ma Kuang historical prices to predict the future Ma Kuang's volatility.| Risk Adjusted Performance | 0.0053 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.0732 |
Ma Kuang Healthcare Backtested Returns
At this stage we consider 4139 Stock to be very steady. Ma Kuang Healthcare retains Efficiency (Sharpe Ratio) of 0.01, which conveys that the firm had a 0.01% return per unit of price deviation over the last 3 months. We have found twenty-two technical indicators for Ma Kuang, which you can use to evaluate the volatility of the firm. Please verify Ma Kuang's Information Ratio of (0.05), market risk adjusted performance of 0.0832, and Mean Deviation of 1.47 to check out if the risk estimate we provide is consistent with the expected return of 0.025%. The company owns a Beta (Systematic Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ma Kuang are expected to decrease at a much lower rate. During the bear market, Ma Kuang is likely to outperform the market. Ma Kuang Healthcare at this moment owns a risk of 2.5%. Please verify Ma Kuang Healthcare market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ma Kuang Healthcare will be following its current price history.
Auto-correlation | 0.08 |
Virtually no predictability
Ma Kuang Healthcare has virtually no predictability. Overlapping area represents the amount of predictability between Ma Kuang time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Ma Kuang Healthcare price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Ma Kuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Ma Kuang Healthcare lagged returns against current returns
Autocorrelation, which is Ma Kuang 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 Ma Kuang's stock expected returns. We can calculate the autocorrelation of Ma Kuang returns to help us make a trade decision. For example, suppose you find that Ma Kuang 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 |
Ma Kuang 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 Ma Kuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ma Kuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ma Kuang stock over time.
Current vs Lagged Prices |
| Timeline |
Ma Kuang Lagged Returns
When evaluating Ma Kuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ma Kuang stock have on its future price. Ma Kuang 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, Ma Kuang autocorrelation shows the relationship between Ma Kuang stock current value and its past values and can show if there is a momentum factor associated with investing in Ma Kuang Healthcare.
Regressed Prices |
| Timeline |
Pair Trading with Ma Kuang
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ma Kuang position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ma Kuang will appreciate offsetting losses from the drop in the long position's value.Moving against 4139 Stock
| 0.47 | 2881A | Fubon Financial Holding | PairCorr |
| 0.47 | 2891 | CTBC Financial Holding | PairCorr |
| 0.44 | 2882B | Cathay Financial Holding | PairCorr |
| 0.43 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.32 | 2882A | Cathay Financial Holding | PairCorr |
The ability to find closely correlated positions to Ma Kuang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ma Kuang when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ma Kuang - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ma Kuang Healthcare to buy it.
The correlation of Ma Kuang is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ma Kuang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ma Kuang Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ma Kuang can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for 4139 Stock Analysis
When running Ma Kuang's price analysis, check to measure Ma Kuang'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 Ma Kuang is operating at the current time. Most of Ma Kuang's value examination focuses on studying past and present price action to predict the probability of Ma Kuang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ma Kuang's price. Additionally, you may evaluate how the addition of Ma Kuang to your portfolios can decrease your overall portfolio volatility.