Forest Water (Taiwan) Market Value
| 8473 Stock | TWD 36.50 0.45 1.25% |
| Symbol | Forest |
Forest Water '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 Forest Water'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 Forest Water.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Forest Water on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Forest Water Environmental or generate 0.0% return on investment in Forest Water over 690 days. Forest Water is related to or competes with Cleanaway, Sunny Friend, Taiwan Secom, Taiwan Shin, and Charoen Pokphand. Forest Water Environmental Engineering Co., Ltd More
Forest Water 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 Forest Water'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 Forest Water Environmental upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 8.43 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 2.29 |
Forest Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forest Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forest Water's standard deviation. In reality, there are many statistical measures that can use Forest Water historical prices to predict the future Forest Water's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (1.47) |
Forest Water Environ Backtested Returns
Forest Water Environ secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of risk over the last 3 months. Forest Water Environmental exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forest Water's Mean Deviation of 1.33, standard deviation of 1.7, and Variance of 2.9 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Forest Water's returns are expected to increase less than the market. However, during the bear market, the loss of holding Forest Water is expected to be smaller as well. At this point, Forest Water Environ has a negative expected return of -0.4%. Please make sure to confirm Forest Water's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Forest Water Environ performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Forest Water Environmental has weak reverse predictability. Overlapping area represents the amount of predictability between Forest Water time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Forest Water Environ price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Forest Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 31.13 |
Forest Water Environ lagged returns against current returns
Autocorrelation, which is Forest Water 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 Forest Water's stock expected returns. We can calculate the autocorrelation of Forest Water returns to help us make a trade decision. For example, suppose you find that Forest Water 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 |
Forest Water 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 Forest Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forest Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forest Water stock over time.
Current vs Lagged Prices |
| Timeline |
Forest Water Lagged Returns
When evaluating Forest Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forest Water stock have on its future price. Forest Water 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, Forest Water autocorrelation shows the relationship between Forest Water stock current value and its past values and can show if there is a momentum factor associated with investing in Forest Water Environmental.
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 Forest Stock Analysis
When running Forest Water's price analysis, check to measure Forest Water'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 Forest Water is operating at the current time. Most of Forest Water's value examination focuses on studying past and present price action to predict the probability of Forest Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forest Water's price. Additionally, you may evaluate how the addition of Forest Water to your portfolios can decrease your overall portfolio volatility.