Taiwan Cooperative (Taiwan) Market Value
| 5880 Stock | TWD 24.90 0.20 0.80% |
| Symbol | Taiwan |
Taiwan Cooperative '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 Taiwan Cooperative'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 Taiwan Cooperative.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Taiwan Cooperative on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Taiwan Cooperative Financial or generate 0.0% return on investment in Taiwan Cooperative over 720 days. Taiwan Cooperative is related to or competes with Central Reinsurance, Huaku Development, Chailease Holding, and CTBC Financial. Taiwan Cooperative Financial Holding Co., Ltd., together with its subsidiaries, provides commercial banking, insurance, ... More
Taiwan Cooperative 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 Taiwan Cooperative'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 Taiwan Cooperative Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.18 |
Taiwan Cooperative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Cooperative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Cooperative's standard deviation. In reality, there are many statistical measures that can use Taiwan Cooperative historical prices to predict the future Taiwan Cooperative's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.65) |
Taiwan Cooperative Backtested Returns
Taiwan Cooperative owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0575, which indicates the firm had a -0.0575% return per unit of risk over the last 3 months. Taiwan Cooperative Financial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Cooperative's Risk Adjusted Performance of (0.06), coefficient of variation of (1,402), and Variance of 0.5159 to confirm the risk estimate we provide. The entity has a beta of 0.0948, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Cooperative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Cooperative is expected to be smaller as well. At this point, Taiwan Cooperative has a negative expected return of -0.0414%. Please make sure to validate Taiwan Cooperative's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Cooperative performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Taiwan Cooperative Financial has insignificant predictability. Overlapping area represents the amount of predictability between Taiwan Cooperative time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Taiwan Cooperative price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Taiwan Cooperative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Taiwan Cooperative lagged returns against current returns
Autocorrelation, which is Taiwan Cooperative 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 Taiwan Cooperative's stock expected returns. We can calculate the autocorrelation of Taiwan Cooperative returns to help us make a trade decision. For example, suppose you find that Taiwan Cooperative 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 |
Taiwan Cooperative 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 Taiwan Cooperative stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Cooperative stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Cooperative stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Cooperative Lagged Returns
When evaluating Taiwan Cooperative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Cooperative stock have on its future price. Taiwan Cooperative 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, Taiwan Cooperative autocorrelation shows the relationship between Taiwan Cooperative stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Cooperative Financial.
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 Taiwan Stock Analysis
When running Taiwan Cooperative's price analysis, check to measure Taiwan Cooperative'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 Taiwan Cooperative is operating at the current time. Most of Taiwan Cooperative's value examination focuses on studying past and present price action to predict the probability of Taiwan Cooperative's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Cooperative's price. Additionally, you may evaluate how the addition of Taiwan Cooperative to your portfolios can decrease your overall portfolio volatility.