Eagle Cold (Taiwan) Market Value
| 8905 Stock | TWD 29.60 0.05 0.17% |
| Symbol | Eagle |
Eagle Cold '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 Eagle Cold'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 Eagle Cold.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Eagle Cold on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Eagle Cold Storage or generate 0.0% return on investment in Eagle Cold over 360 days. Eagle Cold is related to or competes with Uni President, Lien Hwa, Great Wall, Standard Foods, TTET Union, Charoen Pokphand, and Lian Hwa. Eagle Cold Storage Enterprise Co., Ltd. engages in the processing and trade of vegetables and meat products in Taiwan More
Eagle Cold 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 Eagle Cold'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 Eagle Cold Storage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.59 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.53 |
Eagle Cold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Cold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Cold's standard deviation. In reality, there are many statistical measures that can use Eagle Cold historical prices to predict the future Eagle Cold's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 1.04 |
Eagle Cold Storage Backtested Returns
Eagle Cold Storage secures Sharpe Ratio (or Efficiency) of -0.0699, which denotes the company had a -0.0699% return per unit of risk over the last 3 months. Eagle Cold Storage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eagle Cold's Standard Deviation of 1.03, variance of 1.05, and Mean Deviation of 0.6521 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eagle Cold are expected to decrease at a much lower rate. During the bear market, Eagle Cold is likely to outperform the market. At this point, Eagle Cold Storage has a negative expected return of -0.072%. Please make sure to confirm Eagle Cold's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Eagle Cold Storage performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Eagle Cold Storage has average predictability. Overlapping area represents the amount of predictability between Eagle Cold time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Eagle Cold Storage price movement. The serial correlation of 0.49 indicates that about 49.0% of current Eagle Cold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Eagle Cold Storage lagged returns against current returns
Autocorrelation, which is Eagle Cold 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 Eagle Cold's stock expected returns. We can calculate the autocorrelation of Eagle Cold returns to help us make a trade decision. For example, suppose you find that Eagle Cold 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 |
Eagle Cold 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 Eagle Cold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Cold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Cold stock over time.
Current vs Lagged Prices |
| Timeline |
Eagle Cold Lagged Returns
When evaluating Eagle Cold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Cold stock have on its future price. Eagle Cold 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, Eagle Cold autocorrelation shows the relationship between Eagle Cold stock current value and its past values and can show if there is a momentum factor associated with investing in Eagle Cold Storage.
Regressed Prices |
| Timeline |
Pair Trading with Eagle Cold
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 Eagle Cold 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 Eagle Cold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Stock
Moving against Eagle Stock
| 0.69 | 2324 | Compal Electronics | PairCorr |
| 0.66 | 1231 | Lian Hwa Foods | PairCorr |
| 0.63 | 3231 | Wistron Corp | PairCorr |
| 0.56 | 3702A | WPG Holdings | PairCorr |
| 0.44 | 2882B | Cathay Financial Holding | PairCorr |
The ability to find closely correlated positions to Eagle Cold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Cold 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 Eagle Cold - 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 Eagle Cold Storage to buy it.
The correlation of Eagle Cold 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 Eagle Cold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Cold Storage 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 Eagle Cold 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 Eagle Stock Analysis
When running Eagle Cold's price analysis, check to measure Eagle Cold'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 Eagle Cold is operating at the current time. Most of Eagle Cold's value examination focuses on studying past and present price action to predict the probability of Eagle Cold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Cold's price. Additionally, you may evaluate how the addition of Eagle Cold to your portfolios can decrease your overall portfolio volatility.