Taiwan Semiconductor Manufacturing Stock Market Value
| TSM Stock | USD 181.19 2.65 1.44% |
| Symbol | Taiwan |
Taiwan Semiconductor Price To Book Ratio
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Taiwan Semiconductor. If investors know Taiwan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Taiwan Semiconductor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.541 | Dividend Share 15.5 | Earnings Share 6.25 | Revenue Per Share 63.9069 | Quarterly Revenue Growth 0.39 |
The market value of Taiwan Semiconductor is measured differently than its book value, which is the value of Taiwan that is recorded on the company's balance sheet. Investors also form their own opinion of Taiwan Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is Taiwan Semiconductor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Taiwan Semiconductor's market value can be influenced by many factors that don't directly affect Taiwan Semiconductor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Taiwan Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Taiwan Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taiwan Semiconductor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Taiwan Semiconductor '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 Semiconductor'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 Semiconductor.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Taiwan Semiconductor on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Semiconductor Manufacturing or generate 0.0% return on investment in Taiwan Semiconductor over 30 days. Taiwan Semiconductor is related to or competes with NVIDIA, Intel, Marvell Technology, Micron Technology, Advanced Micro, and Broadcom. Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests, and sells integrated circuits and othe... More
Taiwan Semiconductor 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 Semiconductor'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 Semiconductor Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.13 |
Taiwan Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Semiconductor's standard deviation. In reality, there are many statistical measures that can use Taiwan Semiconductor historical prices to predict the future Taiwan Semiconductor's volatility.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | 0.0394 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0017 | |||
| Treynor Ratio | 0.1722 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taiwan Semiconductor's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Taiwan Semiconductor Backtested Returns
As of now, Taiwan Stock is very steady. Taiwan Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0472, which indicates the firm had a 0.0472% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taiwan Semiconductor Manufacturing, which you can use to evaluate the volatility of the company. Please validate Taiwan Semiconductor's Semi Deviation of 2.31, coefficient of variation of 1981.97, and Risk Adjusted Performance of 0.0457 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Taiwan Semiconductor has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taiwan Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Semiconductor is expected to be smaller as well. Taiwan Semiconductor right now has a risk of 2.6%. Please validate Taiwan Semiconductor maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Taiwan Semiconductor will be following its existing price patterns.
Auto-correlation | 0.39 |
Below average predictability
Taiwan Semiconductor Manufacturing has below average predictability. Overlapping area represents the amount of predictability between Taiwan Semiconductor time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Semiconductor price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Taiwan Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 9.95 |
Taiwan Semiconductor lagged returns against current returns
Autocorrelation, which is Taiwan Semiconductor 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 Semiconductor's stock expected returns. We can calculate the autocorrelation of Taiwan Semiconductor returns to help us make a trade decision. For example, suppose you find that Taiwan Semiconductor 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 Semiconductor 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 Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Semiconductor Lagged Returns
When evaluating Taiwan Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Semiconductor stock have on its future price. Taiwan Semiconductor 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 Semiconductor autocorrelation shows the relationship between Taiwan Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Semiconductor Manufacturing.
Regressed Prices |
| Timeline |
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Taiwan Semiconductor technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.