Tycoons Group (Taiwan) Market Value
| 2022 Stock | TWD 12.25 0.15 1.21% |
| Symbol | Tycoons |
Tycoons Group '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 Tycoons Group'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 Tycoons Group.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Tycoons Group on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Tycoons Group Enterprise or generate 0.0% return on investment in Tycoons Group over 30 days. Tycoons Group is related to or competes with Quintain Steel, Chung Hwa, China Man, Sunko Ink, and Champion Building. ,Ltd. produces and sells spheroidized annealed wires, screws, and automotive fasteners worldwide More
Tycoons Group 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 Tycoons Group'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 Tycoons Group Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 3.45 |
Tycoons Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tycoons Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tycoons Group's standard deviation. In reality, there are many statistical measures that can use Tycoons Group historical prices to predict the future Tycoons Group's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | 0.0724 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tycoons Group'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.
Tycoons Group Enterprise Backtested Returns
We consider Tycoons Group not too volatile. Tycoons Group Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0755, which indicates the firm had a 0.0755% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tycoons Group Enterprise, which you can use to evaluate the volatility of the company. Please validate Tycoons Group's Semi Deviation of 1.48, risk adjusted performance of 0.0283, and Coefficient Of Variation of 2941.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Tycoons Group has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tycoons Group are expected to decrease at a much lower rate. During the bear market, Tycoons Group is likely to outperform the market. Tycoons Group Enterprise right now has a risk of 2.27%. Please validate Tycoons Group mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Tycoons Group will be following its existing price patterns.
Auto-correlation | 0.64 |
Good predictability
Tycoons Group Enterprise has good predictability. Overlapping area represents the amount of predictability between Tycoons Group time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 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 Tycoons Group Enterprise price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Tycoons Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Tycoons Group Enterprise lagged returns against current returns
Autocorrelation, which is Tycoons Group 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 Tycoons Group's stock expected returns. We can calculate the autocorrelation of Tycoons Group returns to help us make a trade decision. For example, suppose you find that Tycoons Group 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 |
Tycoons Group 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 Tycoons Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tycoons Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tycoons Group stock over time.
Current vs Lagged Prices |
| Timeline |
Tycoons Group Lagged Returns
When evaluating Tycoons Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tycoons Group stock have on its future price. Tycoons Group 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, Tycoons Group autocorrelation shows the relationship between Tycoons Group stock current value and its past values and can show if there is a momentum factor associated with investing in Tycoons Group Enterprise.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Tycoons Group Correlation, Tycoons Group Volatility and Tycoons Group Alpha and Beta module to complement your research on Tycoons Group. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Tycoons Stock analysis
When running Tycoons Group's price analysis, check to measure Tycoons Group'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 Tycoons Group is operating at the current time. Most of Tycoons Group's value examination focuses on studying past and present price action to predict the probability of Tycoons Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tycoons Group's price. Additionally, you may evaluate how the addition of Tycoons Group to your portfolios can decrease your overall portfolio volatility.
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Tycoons Group 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.