Evergreen Marine (Taiwan) Market Value
| 2603 Stock | TWD 180.00 1.50 0.83% |
| Symbol | Evergreen |
Evergreen Marine '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 Evergreen Marine'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 Evergreen Marine.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Evergreen Marine on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Evergreen Marine Corp or generate 0.0% return on investment in Evergreen Marine over 30 days. Evergreen Marine is related to or competes with Altek Corp, Promise Technology, Edom Technology, Spirox Corp, and ALi Corp. Evergreen Marine Corporation Ltd., together with its subsidiaries, engages in marine transportation, shipping agency, an... More
Evergreen Marine 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 Evergreen Marine'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 Evergreen Marine Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0577 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 4.24 |
Evergreen Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evergreen Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evergreen Marine's standard deviation. In reality, there are many statistical measures that can use Evergreen Marine historical prices to predict the future Evergreen Marine's volatility.| Risk Adjusted Performance | 0.063 | |||
| Jensen Alpha | 0.2474 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0567 | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evergreen Marine'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.
Evergreen Marine Corp Backtested Returns
Evergreen Marine appears to be very steady, given 3 months investment horizon. Evergreen Marine Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Evergreen Marine Corp, which you can use to evaluate the volatility of the firm. Please utilize Evergreen Marine's Downside Deviation of 2.7, mean deviation of 1.93, and Coefficient Of Variation of 1140.74 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Evergreen Marine holds a performance score of 11. The firm shows a Beta (market volatility) of -0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Evergreen Marine are expected to decrease at a much lower rate. During the bear market, Evergreen Marine is likely to outperform the market. Please check Evergreen Marine's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Evergreen Marine's price patterns will revert.
Auto-correlation | 0.63 |
Good predictability
Evergreen Marine Corp has good predictability. Overlapping area represents the amount of predictability between Evergreen Marine time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th 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 Evergreen Marine Corp price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Evergreen Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 32.06 |
Evergreen Marine Corp lagged returns against current returns
Autocorrelation, which is Evergreen Marine 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 Evergreen Marine's stock expected returns. We can calculate the autocorrelation of Evergreen Marine returns to help us make a trade decision. For example, suppose you find that Evergreen Marine 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 |
Evergreen Marine 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 Evergreen Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evergreen Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evergreen Marine stock over time.
Current vs Lagged Prices |
| Timeline |
Evergreen Marine Lagged Returns
When evaluating Evergreen Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evergreen Marine stock have on its future price. Evergreen Marine 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, Evergreen Marine autocorrelation shows the relationship between Evergreen Marine stock current value and its past values and can show if there is a momentum factor associated with investing in Evergreen Marine Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Evergreen Marine Correlation, Evergreen Marine Volatility and Evergreen Marine Alpha and Beta module to complement your research on Evergreen Marine. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Evergreen Stock analysis
When running Evergreen Marine's price analysis, check to measure Evergreen Marine'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 Evergreen Marine is operating at the current time. Most of Evergreen Marine's value examination focuses on studying past and present price action to predict the probability of Evergreen Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Marine's price. Additionally, you may evaluate how the addition of Evergreen Marine to your portfolios can decrease your overall portfolio volatility.
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Evergreen Marine 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.