Tung Ho (Taiwan) Market Value
| 1414 Stock | TWD 19.70 0.40 1.99% |
| Symbol | Tung |
Tung Ho '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 Tung Ho'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 Tung Ho.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Tung Ho on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Tung Ho Textile or generate 0.0% return on investment in Tung Ho over 30 days. Tung Ho is related to or competes with Chaintech Technology, Avision, Clevo, and Elitegroup Computer. Tung Ho Textile Co., Ltd. develops, manufactures, and sells textile materials in Taiwan More
Tung Ho 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 Tung Ho'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 Tung Ho Textile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0507 | |||
| Maximum Drawdown | 16.46 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.86 |
Tung Ho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tung Ho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tung Ho's standard deviation. In reality, there are many statistical measures that can use Tung Ho historical prices to predict the future Tung Ho's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.1334 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0594 | |||
| Treynor Ratio | 0.2186 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tung Ho'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.
Tung Ho Textile Backtested Returns
Tung Ho appears to be not too volatile, given 3 months investment horizon. Tung Ho Textile owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.082, which indicates the firm had a 0.082% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tung Ho Textile, which you can use to evaluate the volatility of the company. Please review Tung Ho's Semi Deviation of 1.85, coefficient of variation of 1231.02, and Risk Adjusted Performance of 0.0582 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tung Ho holds a performance score of 6. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. Tung Ho returns are very sensitive to returns on the market. As the market goes up or down, Tung Ho is expected to follow. Please check Tung Ho's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Tung Ho's existing price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Tung Ho Textile has very good reverse predictability. Overlapping area represents the amount of predictability between Tung Ho time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Tung Ho Textile price movement. The serial correlation of -0.68 indicates that around 68.0% of current Tung Ho price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Tung Ho Textile lagged returns against current returns
Autocorrelation, which is Tung Ho 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 Tung Ho's stock expected returns. We can calculate the autocorrelation of Tung Ho returns to help us make a trade decision. For example, suppose you find that Tung Ho 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 |
Tung Ho 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 Tung Ho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tung Ho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tung Ho stock over time.
Current vs Lagged Prices |
| Timeline |
Tung Ho Lagged Returns
When evaluating Tung Ho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tung Ho stock have on its future price. Tung Ho 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, Tung Ho autocorrelation shows the relationship between Tung Ho stock current value and its past values and can show if there is a momentum factor associated with investing in Tung Ho Textile.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Tung Ho Correlation, Tung Ho Volatility and Tung Ho Alpha and Beta module to complement your research on Tung Ho. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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When running Tung Ho's price analysis, check to measure Tung Ho'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 Tung Ho is operating at the current time. Most of Tung Ho's value examination focuses on studying past and present price action to predict the probability of Tung Ho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tung Ho's price. Additionally, you may evaluate how the addition of Tung Ho to your portfolios can decrease your overall portfolio volatility.
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Tung Ho 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.