Taiwan Secom (Taiwan) Market Value
| 9917 Stock | TWD 129.50 3.00 2.26% |
| Symbol | Taiwan |
Taiwan Secom '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 Taiwan Secom'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 Taiwan Secom.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Taiwan Secom on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Taiwan Secom Co or generate 0.0% return on investment in Taiwan Secom over 720 days. Taiwan Secom is related to or competes with Yulon, Far Eastern, China Steel, Chang Hwa, and Oriental Union. Taiwan Secom Co., Ltd. provides security services in Taiwan More
Taiwan Secom 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 Taiwan Secom'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 Taiwan Secom Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 1.46 |
Taiwan Secom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Secom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Secom's standard deviation. In reality, there are many statistical measures that can use Taiwan Secom historical prices to predict the future Taiwan Secom's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.37) |
Taiwan Secom Backtested Returns
Taiwan Secom owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Taiwan Secom Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Secom's Coefficient Of Variation of (1,087), variance of 1.91, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taiwan Secom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Secom is expected to be smaller as well. At this point, Taiwan Secom has a negative expected return of -0.16%. Please make sure to validate Taiwan Secom's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Taiwan Secom performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Taiwan Secom Co has modest predictability. Overlapping area represents the amount of predictability between Taiwan Secom time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Taiwan Secom price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Taiwan Secom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 81.75 |
Taiwan Secom lagged returns against current returns
Autocorrelation, which is Taiwan Secom 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 Taiwan Secom's stock expected returns. We can calculate the autocorrelation of Taiwan Secom returns to help us make a trade decision. For example, suppose you find that Taiwan Secom 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 |
Taiwan Secom 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 Taiwan Secom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Secom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Secom stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Secom Lagged Returns
When evaluating Taiwan Secom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Secom stock have on its future price. Taiwan Secom 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, Taiwan Secom autocorrelation shows the relationship between Taiwan Secom stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Secom 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 Taiwan Stock Analysis
When running Taiwan Secom's price analysis, check to measure Taiwan Secom'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 Taiwan Secom is operating at the current time. Most of Taiwan Secom's value examination focuses on studying past and present price action to predict the probability of Taiwan Secom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Secom's price. Additionally, you may evaluate how the addition of Taiwan Secom to your portfolios can decrease your overall portfolio volatility.