Roundtop Machinery (Taiwan) Market Value
| 1540 Stock | TWD 21.00 0.60 2.94% |
| Symbol | Roundtop |
Roundtop Machinery '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 Roundtop Machinery'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 Roundtop Machinery.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Roundtop Machinery on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Roundtop Machinery Industries or generate 0.0% return on investment in Roundtop Machinery over 30 days. Roundtop Machinery is related to or competes with GenMont Biotech, Min Aik, Promise Technology, and New Palace. Roundtop Machinery Industries Co., Ltd. designs and manufactures precision machine tools in Taiwan and internationally More
Roundtop Machinery 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 Roundtop Machinery'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 Roundtop Machinery Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9596 | |||
| Information Ratio | 0.1711 | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.6 |
Roundtop Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundtop Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundtop Machinery's standard deviation. In reality, there are many statistical measures that can use Roundtop Machinery historical prices to predict the future Roundtop Machinery's volatility.| Risk Adjusted Performance | 0.1486 | |||
| Jensen Alpha | 0.242 | |||
| Total Risk Alpha | 0.1526 | |||
| Sortino Ratio | 0.1957 | |||
| Treynor Ratio | (2.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundtop Machinery'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.
Roundtop Machinery Backtested Returns
Roundtop Machinery appears to be very steady, given 3 months investment horizon. Roundtop Machinery maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Roundtop Machinery, which you can use to evaluate the volatility of the company. Please evaluate Roundtop Machinery's Semi Deviation of 0.6889, risk adjusted performance of 0.1486, and Coefficient Of Variation of 444.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Roundtop Machinery holds a performance score of 20. The company holds a Beta of -0.0978, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Roundtop Machinery are expected to decrease at a much lower rate. During the bear market, Roundtop Machinery is likely to outperform the market. Please check Roundtop Machinery's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Roundtop Machinery's historical price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Roundtop Machinery Industries has weak reverse predictability. Overlapping area represents the amount of predictability between Roundtop Machinery time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 Roundtop Machinery price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Roundtop Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Roundtop Machinery lagged returns against current returns
Autocorrelation, which is Roundtop Machinery 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 Roundtop Machinery's stock expected returns. We can calculate the autocorrelation of Roundtop Machinery returns to help us make a trade decision. For example, suppose you find that Roundtop Machinery 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 |
Roundtop Machinery 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 Roundtop Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundtop Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundtop Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Roundtop Machinery Lagged Returns
When evaluating Roundtop Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundtop Machinery stock have on its future price. Roundtop Machinery 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, Roundtop Machinery autocorrelation shows the relationship between Roundtop Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Roundtop Machinery Industries.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Roundtop Machinery Correlation, Roundtop Machinery Volatility and Roundtop Machinery Alpha and Beta module to complement your research on Roundtop Machinery. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Roundtop Stock analysis
When running Roundtop Machinery's price analysis, check to measure Roundtop Machinery'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 Roundtop Machinery is operating at the current time. Most of Roundtop Machinery's value examination focuses on studying past and present price action to predict the probability of Roundtop Machinery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roundtop Machinery's price. Additionally, you may evaluate how the addition of Roundtop Machinery to your portfolios can decrease your overall portfolio volatility.
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Roundtop Machinery 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.