Alexander Marine (Taiwan) Market Value
| 8478 Stock | 236.00 0.50 0.21% |
| Symbol | Alexander |
Alexander Marine '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 Alexander Marine'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 Alexander Marine.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Alexander Marine on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Alexander Marine Co or generate 0.0% return on investment in Alexander Marine over 720 days. Alexander Marine is related to or competes with Giant Manufacturing, Merida Industry, Fusheng Precision, Johnson Health, Topkey Corp, and Sports Gear. More
Alexander Marine 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 Alexander Marine'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 Alexander Marine Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.14 |
Alexander Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alexander Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alexander Marine's standard deviation. In reality, there are many statistical measures that can use Alexander Marine historical prices to predict the future Alexander Marine's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (2.34) |
Alexander Marine Backtested Returns
Alexander Marine secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of standard deviation over the last 3 months. Alexander Marine Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alexander Marine's mean deviation of 1.21, and Risk Adjusted Performance of (0.19) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alexander Marine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alexander Marine is expected to be smaller as well. At this point, Alexander Marine has a negative expected return of -0.37%. Please make sure to confirm Alexander Marine's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Alexander Marine performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Alexander Marine Co has average predictability. Overlapping area represents the amount of predictability between Alexander Marine 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 Alexander Marine price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Alexander Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1769.8 |
Alexander Marine lagged returns against current returns
Autocorrelation, which is Alexander Marine 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 Alexander Marine's stock expected returns. We can calculate the autocorrelation of Alexander Marine returns to help us make a trade decision. For example, suppose you find that Alexander Marine 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 |
Alexander Marine 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 Alexander Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alexander Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alexander Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Alexander Marine Lagged Returns
When evaluating Alexander Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alexander Marine stock have on its future price. Alexander Marine 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, Alexander Marine autocorrelation shows the relationship between Alexander Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Alexander Marine Co.
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 Alexander Stock Analysis
When running Alexander Marine's price analysis, check to measure Alexander Marine'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 Alexander Marine is operating at the current time. Most of Alexander Marine's value examination focuses on studying past and present price action to predict the probability of Alexander Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alexander Marine's price. Additionally, you may evaluate how the addition of Alexander Marine to your portfolios can decrease your overall portfolio volatility.