Tidehold Development (Taiwan) Market Value
| 9902 Stock | TWD 15.90 0.45 2.75% |
| Symbol | Tidehold |
Tidehold Development '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 Tidehold Development'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 Tidehold Development.
| 12/21/2023 |
| 12/15/2024 |
If you would invest 0.00 in Tidehold Development on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding Tidehold Development Co or generate 0.0% return on investment in Tidehold Development over 360 days. Tidehold Development is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Tidehold Development Co., Ltd. engages in the international trade business in Taiwan More
Tidehold Development 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 Tidehold Development'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 Tidehold Development Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.04 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 1.75 |
Tidehold Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tidehold Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tidehold Development's standard deviation. In reality, there are many statistical measures that can use Tidehold Development historical prices to predict the future Tidehold Development's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (2.86) |
Tidehold Development Backtested Returns
Tidehold Development owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Tidehold Development Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tidehold Development's Variance of 2.23, coefficient of variation of (770.54), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.0711, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tidehold Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tidehold Development is expected to be smaller as well. At this point, Tidehold Development has a negative expected return of -0.24%. Please make sure to validate Tidehold Development's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Tidehold Development performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Tidehold Development Co has weak reverse predictability. Overlapping area represents the amount of predictability between Tidehold Development time series from 21st of December 2023 to 18th of June 2024 and 18th of June 2024 to 15th 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 Tidehold Development price movement. The serial correlation of -0.24 indicates that over 24.0% of current Tidehold Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Tidehold Development lagged returns against current returns
Autocorrelation, which is Tidehold Development 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 Tidehold Development's stock expected returns. We can calculate the autocorrelation of Tidehold Development returns to help us make a trade decision. For example, suppose you find that Tidehold Development 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 |
Tidehold Development 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 Tidehold Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tidehold Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tidehold Development stock over time.
Current vs Lagged Prices |
| Timeline |
Tidehold Development Lagged Returns
When evaluating Tidehold Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tidehold Development stock have on its future price. Tidehold Development 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, Tidehold Development autocorrelation shows the relationship between Tidehold Development stock current value and its past values and can show if there is a momentum factor associated with investing in Tidehold Development Co.
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 Tidehold Stock Analysis
When running Tidehold Development's price analysis, check to measure Tidehold Development'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 Tidehold Development is operating at the current time. Most of Tidehold Development's value examination focuses on studying past and present price action to predict the probability of Tidehold Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tidehold Development's price. Additionally, you may evaluate how the addition of Tidehold Development to your portfolios can decrease your overall portfolio volatility.