New Palace (Taiwan) Market Value
| 8940 Stock | TWD 22.95 0.60 2.68% |
| Symbol | New |
New Palace '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 New Palace'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 New Palace.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in New Palace on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding New Palace International or generate 0.0% return on investment in New Palace over 30 days. New Palace is related to or competes with Shui Mu, First Hotel, Jinli Group, Super Dragon, and Kingcan Holdings. New Palace International Co., Ltd. operates restaurants under the Grande Luxe Banquet and Host Shabu brands in Taiwan an... More
New Palace 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 New Palace'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 New Palace International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.2 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.61 |
New Palace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Palace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Palace's standard deviation. In reality, there are many statistical measures that can use New Palace historical prices to predict the future New Palace's volatility.| Risk Adjusted Performance | 0.0133 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.9103 |
New Palace International Backtested Returns
At this stage we consider New Stock to be very steady. New Palace International has Sharpe Ratio of 0.0289, which conveys that the firm had a 0.0289% return per unit of risk over the last 3 months. We have found thirty technical indicators for New Palace, which you can use to evaluate the volatility of the firm. Please verify New Palace's Risk Adjusted Performance of 0.0133, downside deviation of 1.34, and Mean Deviation of 0.8271 to check out if the risk estimate we provide is consistent with the expected return of 0.0405%. New Palace has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0065, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New Palace's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Palace is expected to be smaller as well. New Palace International right now secures a risk of 1.4%. Please verify New Palace International treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if New Palace International will be following its current price movements.
Auto-correlation | -0.27 |
Weak reverse predictability
New Palace International has weak reverse predictability. Overlapping area represents the amount of predictability between New Palace time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 New Palace International price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current New Palace price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
New Palace International lagged returns against current returns
Autocorrelation, which is New Palace 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 New Palace's stock expected returns. We can calculate the autocorrelation of New Palace returns to help us make a trade decision. For example, suppose you find that New Palace 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 |
New Palace 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 New Palace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Palace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Palace stock over time.
Current vs Lagged Prices |
| Timeline |
New Palace Lagged Returns
When evaluating New Palace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Palace stock have on its future price. New Palace 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, New Palace autocorrelation shows the relationship between New Palace stock current value and its past values and can show if there is a momentum factor associated with investing in New Palace International.
Regressed Prices |
| Timeline |
Also Currently Popular
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 New Stock Analysis
When running New Palace's price analysis, check to measure New Palace'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 New Palace is operating at the current time. Most of New Palace's value examination focuses on studying past and present price action to predict the probability of New Palace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Palace's price. Additionally, you may evaluate how the addition of New Palace to your portfolios can decrease your overall portfolio volatility.