Tachan Securities (Taiwan) Market Value
| 6020 Stock | TWD 19.00 0.10 0.52% |
| Symbol | Tachan |
Tachan Securities '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 Tachan Securities' 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 Tachan Securities.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Tachan Securities on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Tachan Securities Co or generate 0.0% return on investment in Tachan Securities over 90 days. Tachan Securities is related to or competes with IBF Financial, Capital Securities, President Securities, China Bills, Yuanta Futures, Capital Futures, and Concord Securities. More
Tachan Securities 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 Tachan Securities' 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 Tachan Securities Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.57 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.5236 |
Tachan Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tachan Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tachan Securities' standard deviation. In reality, there are many statistical measures that can use Tachan Securities historical prices to predict the future Tachan Securities' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.25) |
Tachan Securities Backtested Returns
Tachan Securities owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0132, which indicates the firm had a -0.0132% return per unit of risk over the last 3 months. Tachan Securities Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tachan Securities' Variance of 0.0903, coefficient of variation of (1,948), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tachan Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tachan Securities is expected to be smaller as well. At this point, Tachan Securities has a negative expected return of -0.0038%. Please make sure to validate Tachan Securities' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Tachan Securities performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Tachan Securities Co has virtually no predictability. Overlapping area represents the amount of predictability between Tachan Securities time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Tachan Securities price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Tachan Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tachan Securities lagged returns against current returns
Autocorrelation, which is Tachan Securities 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 Tachan Securities' stock expected returns. We can calculate the autocorrelation of Tachan Securities returns to help us make a trade decision. For example, suppose you find that Tachan Securities 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 |
Tachan Securities 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 Tachan Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tachan Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tachan Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Tachan Securities Lagged Returns
When evaluating Tachan Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tachan Securities stock have on its future price. Tachan Securities 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, Tachan Securities autocorrelation shows the relationship between Tachan Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Tachan Securities Co.
Regressed Prices |
| Timeline |
Pair Trading with Tachan Securities
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 Tachan Securities 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 Tachan Securities will appreciate offsetting losses from the drop in the long position's value.Moving against Tachan Stock
| 0.37 | 2881A | Fubon Financial Holding | PairCorr |
| 0.36 | 2891B | CTBC Financial Holding | PairCorr |
| 0.35 | 2882B | Cathay Financial Holding | PairCorr |
The ability to find closely correlated positions to Tachan Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tachan Securities 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 Tachan Securities - 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 Tachan Securities Co to buy it.
The correlation of Tachan Securities 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 Tachan Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tachan Securities 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 Tachan Securities 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 Tachan Stock Analysis
When running Tachan Securities' price analysis, check to measure Tachan Securities' 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 Tachan Securities is operating at the current time. Most of Tachan Securities' value examination focuses on studying past and present price action to predict the probability of Tachan Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tachan Securities' price. Additionally, you may evaluate how the addition of Tachan Securities to your portfolios can decrease your overall portfolio volatility.