Topoint Technology (Taiwan) Market Value

8021 Stock  TWD 33.60  0.35  1.03%   
Topoint Technology's market value is the price at which a share of Topoint Technology trades on a public exchange. It measures the collective expectations of Topoint Technology Co investors about its performance. Topoint Technology is selling for under 33.60 as of the 22nd of December 2024; that is 1.03 percent decrease since the beginning of the trading day. The stock's lowest day price was 33.6.
With this module, you can estimate the performance of a buy and hold strategy of Topoint Technology Co and determine expected loss or profit from investing in Topoint Technology over a given investment horizon. Check out Topoint Technology Correlation, Topoint Technology Volatility and Topoint Technology Alpha and Beta module to complement your research on Topoint Technology.
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Please note, there is a significant difference between Topoint Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Topoint Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Topoint Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Topoint Technology '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 Topoint Technology'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 Topoint Technology.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Topoint Technology on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Topoint Technology Co or generate 0.0% return on investment in Topoint Technology over 720 days. Topoint Technology is related to or competes with Century Wind, Green World, Ingentec, and Chaheng Precision. Topoint Technology Co., Ltd., together with its subsidiaries, manufactures and sells micro-drills, numerically controlle... More

Topoint Technology 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 Topoint Technology'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 Topoint Technology Co upside and downside potential and time the market with a certain degree of confidence.

Topoint Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Topoint Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topoint Technology's standard deviation. In reality, there are many statistical measures that can use Topoint Technology historical prices to predict the future Topoint Technology's volatility.
Hype
Prediction
LowEstimatedHigh
31.4833.6035.72
Details
Intrinsic
Valuation
LowRealHigh
27.2429.3636.96
Details

Topoint Technology Backtested Returns

Topoint Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0671, which indicates the firm had a -0.0671% return per unit of risk over the last 3 months. Topoint Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topoint Technology's Coefficient Of Variation of (2,654), risk adjusted performance of (0.02), and Variance of 4.67 to confirm the risk estimate we provide. The entity has a beta of -0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Topoint Technology are expected to decrease at a much lower rate. During the bear market, Topoint Technology is likely to outperform the market. At this point, Topoint Technology has a negative expected return of -0.14%. Please make sure to validate Topoint Technology's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Topoint Technology performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.02  

Virtually no predictability

Topoint Technology Co has virtually no predictability. Overlapping area represents the amount of predictability between Topoint Technology time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Topoint Technology price movement. The serial correlation of 0.02 indicates that only 2.0% of current Topoint Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test-0.18
Residual Average0.0
Price Variance13.48

Topoint Technology lagged returns against current returns

Autocorrelation, which is Topoint Technology 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 Topoint Technology's stock expected returns. We can calculate the autocorrelation of Topoint Technology returns to help us make a trade decision. For example, suppose you find that Topoint Technology 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  

Topoint Technology 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 Topoint Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topoint Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topoint Technology stock over time.
   Current vs Lagged Prices   
       Timeline  

Topoint Technology Lagged Returns

When evaluating Topoint Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topoint Technology stock have on its future price. Topoint Technology 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, Topoint Technology autocorrelation shows the relationship between Topoint Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Topoint Technology Co.
   Regressed Prices   
       Timeline  

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Additional Tools for Topoint Stock Analysis

When running Topoint Technology's price analysis, check to measure Topoint Technology'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 Topoint Technology is operating at the current time. Most of Topoint Technology's value examination focuses on studying past and present price action to predict the probability of Topoint Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topoint Technology's price. Additionally, you may evaluate how the addition of Topoint Technology to your portfolios can decrease your overall portfolio volatility.