Daxin Materials (Taiwan) Market Value
| 5234 Stock | TWD 204.50 22.50 9.91% |
| Symbol | Daxin |
Daxin Materials '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 Daxin Materials' 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 Daxin Materials.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Daxin Materials on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Daxin Materials Corp or generate 0.0% return on investment in Daxin Materials over 180 days. Daxin Materials is related to or competes with Topco Scientific, Holtek Semiconductor, Greatek Electronics, Stark Technology, and Radiant Opto. Daxin Materials Corporation provides display and green energy related fine chemicals in Taiwan More
Daxin Materials 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 Daxin Materials' 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 Daxin Materials Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.65 | |||
| Information Ratio | 0.0625 | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 9.89 |
Daxin Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daxin Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daxin Materials' standard deviation. In reality, there are many statistical measures that can use Daxin Materials historical prices to predict the future Daxin Materials' volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.3607 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0736 | |||
| Treynor Ratio | 1.42 |
Daxin Materials Corp Backtested Returns
Daxin Materials appears to be very steady, given 3 months investment horizon. Daxin Materials Corp secures Sharpe Ratio (or Efficiency) of 0.0741, which denotes the company had a 0.0741% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Daxin Materials Corp, which you can use to evaluate the volatility of the firm. Please utilize Daxin Materials' Coefficient Of Variation of 1058.59, mean deviation of 3.02, and Downside Deviation of 3.65 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daxin Materials holds a performance score of 5. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Daxin Materials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Daxin Materials is expected to be smaller as well. Please check Daxin Materials' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Daxin Materials' price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Daxin Materials Corp has good reverse predictability. Overlapping area represents the amount of predictability between Daxin Materials time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 Daxin Materials Corp price movement. The serial correlation of -0.51 indicates that about 51.0% of current Daxin Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 514.49 |
Daxin Materials Corp lagged returns against current returns
Autocorrelation, which is Daxin Materials 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 Daxin Materials' stock expected returns. We can calculate the autocorrelation of Daxin Materials returns to help us make a trade decision. For example, suppose you find that Daxin Materials 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 |
Daxin Materials 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 Daxin Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daxin Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daxin Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Daxin Materials Lagged Returns
When evaluating Daxin Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daxin Materials stock have on its future price. Daxin Materials 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, Daxin Materials autocorrelation shows the relationship between Daxin Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Daxin Materials Corp.
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 Daxin Stock Analysis
When running Daxin Materials' price analysis, check to measure Daxin Materials' 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 Daxin Materials is operating at the current time. Most of Daxin Materials' value examination focuses on studying past and present price action to predict the probability of Daxin Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daxin Materials' price. Additionally, you may evaluate how the addition of Daxin Materials to your portfolios can decrease your overall portfolio volatility.