Formosa International (Taiwan) Market Value
| 2707 Stock | TWD 235.50 1.00 0.42% |
| Symbol | Formosa |
Formosa International '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 Formosa International'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 Formosa International.
| 01/06/2023 |
| 04/30/2024 |
If you would invest 0.00 in Formosa International on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Formosa International Hotels or generate 0.0% return on investment in Formosa International over 480 days. Formosa International is related to or competes with Chaintech Technology, Avision, Clevo, and Elitegroup Computer. Formosa International Hotels Corporation operates in the hotel industry in Taiwan and internationally More
Formosa International 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 Formosa International'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 Formosa International Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.25 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.71 |
Formosa International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosa International's standard deviation. In reality, there are many statistical measures that can use Formosa International historical prices to predict the future Formosa International's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | 0.0092 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Formosa International'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.
Formosa International Backtested Returns
We consider Formosa International very steady. Formosa International secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Formosa International Hotels, which you can use to evaluate the volatility of the firm. Please confirm Formosa International's Coefficient Of Variation of 8485.1, mean deviation of 1.03, and Downside Deviation of 1.62 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Formosa International has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0309, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formosa International are expected to decrease at a much lower rate. During the bear market, Formosa International is likely to outperform the market. Formosa International right now shows a risk of 1.53%. Please confirm Formosa International jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Formosa International will be following its price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Formosa International Hotels has poor reverse predictability. Overlapping area represents the amount of predictability between Formosa International time series from 6th of January 2023 to 3rd of September 2023 and 3rd of September 2023 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 Formosa International price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Formosa International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 71.96 |
Formosa International lagged returns against current returns
Autocorrelation, which is Formosa International 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 Formosa International's stock expected returns. We can calculate the autocorrelation of Formosa International returns to help us make a trade decision. For example, suppose you find that Formosa International 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 |
Formosa International 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 Formosa International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosa International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosa International stock over time.
Current vs Lagged Prices |
| Timeline |
Formosa International Lagged Returns
When evaluating Formosa International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosa International stock have on its future price. Formosa International 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, Formosa International autocorrelation shows the relationship between Formosa International stock current value and its past values and can show if there is a momentum factor associated with investing in Formosa International Hotels.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Formosa International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Formosa International's short interest history, or implied volatility extrapolated from Formosa International options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Formosa International Correlation, Formosa International Volatility and Formosa International Alpha and Beta module to complement your research on Formosa International. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Formosa Stock analysis
When running Formosa International's price analysis, check to measure Formosa International'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 Formosa International is operating at the current time. Most of Formosa International's value examination focuses on studying past and present price action to predict the probability of Formosa International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa International's price. Additionally, you may evaluate how the addition of Formosa International to your portfolios can decrease your overall portfolio volatility.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |
Formosa International 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.