Tex Year (Taiwan) Market Value
| 4720 Stock | TWD 19.45 0.15 0.77% |
| Symbol | Tex |
Tex Year '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 Tex Year'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 Tex Year.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Tex Year on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Tex Year Industries or generate 0.0% return on investment in Tex Year over 90 days. Tex Year is related to or competes with Jinan Acetate, San Fu, Concraft Holding, Halfords Group, and Hang Seng. Tex Year Industries Inc. manufactures and sells hot melt adhesives in Taiwan and internationally More
Tex Year 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 Tex Year'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 Tex Year Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.26 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.51 |
Tex Year Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tex Year's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tex Year's standard deviation. In reality, there are many statistical measures that can use Tex Year historical prices to predict the future Tex Year's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.19) |
Tex Year Industries Backtested Returns
Tex Year Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0597, which indicates the firm had a -0.0597% return per unit of risk over the last 3 months. Tex Year Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tex Year's Risk Adjusted Performance of (0.03), variance of 4.86, and Coefficient Of Variation of (1,938) to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tex Year's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tex Year is expected to be smaller as well. At this point, Tex Year Industries has a negative expected return of -0.13%. Please make sure to validate Tex Year's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Tex Year Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Tex Year Industries has insignificant predictability. Overlapping area represents the amount of predictability between Tex Year time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Tex Year Industries price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Tex Year price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Tex Year Industries lagged returns against current returns
Autocorrelation, which is Tex Year 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 Tex Year's stock expected returns. We can calculate the autocorrelation of Tex Year returns to help us make a trade decision. For example, suppose you find that Tex Year 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 |
Tex Year 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 Tex Year stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tex Year stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tex Year stock over time.
Current vs Lagged Prices |
| Timeline |
Tex Year Lagged Returns
When evaluating Tex Year's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tex Year stock have on its future price. Tex Year 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, Tex Year autocorrelation shows the relationship between Tex Year stock current value and its past values and can show if there is a momentum factor associated with investing in Tex Year Industries.
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 Tex Stock Analysis
When running Tex Year's price analysis, check to measure Tex Year'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 Tex Year is operating at the current time. Most of Tex Year's value examination focuses on studying past and present price action to predict the probability of Tex Year's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tex Year's price. Additionally, you may evaluate how the addition of Tex Year to your portfolios can decrease your overall portfolio volatility.