TPK Holding (Taiwan) Market Value
| 3673 Stock | TWD 36.45 0.45 1.25% |
| Symbol | TPK |
TPK Holding '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 TPK Holding'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 TPK Holding.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in TPK Holding on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding TPK Holding Co or generate 0.0% return on investment in TPK Holding over 30 days. TPK Holding is related to or competes with Emerging Display, Aspeed Technology, LARGAN Precision, Voltronic Power, EMemory Technology, Airtac International, and Alchip Technologies. TPK Holding Co., Ltd. provides transparent projected capacitive touch solutions in Taiwan and internationally More
TPK Holding 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 TPK Holding'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 TPK Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.96 |
TPK Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPK Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPK Holding's standard deviation. In reality, there are many statistical measures that can use TPK Holding historical prices to predict the future TPK Holding's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | 0.0916 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TPK Holding'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.
TPK Holding Backtested Returns
We consider TPK Holding very steady. TPK Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0084, which indicates the firm had a 0.0084% return per unit of volatility over the last 3 months. We have found thirty technical indicators for TPK Holding Co, which you can use to evaluate the volatility of the company. Please validate TPK Holding's risk adjusted performance of 0.0215, and Coefficient Of Variation of 4310.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0167%. The entity has a beta of -0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TPK Holding are expected to decrease at a much lower rate. During the bear market, TPK Holding is likely to outperform the market. TPK Holding currently has a risk of 1.99%. Please validate TPK Holding semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if TPK Holding will be following its existing price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
TPK Holding Co has excellent reverse predictability. Overlapping area represents the amount of predictability between TPK Holding time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 TPK Holding price movement. The serial correlation of -0.85 indicates that around 85.0% of current TPK Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
TPK Holding lagged returns against current returns
Autocorrelation, which is TPK Holding 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 TPK Holding's stock expected returns. We can calculate the autocorrelation of TPK Holding returns to help us make a trade decision. For example, suppose you find that TPK Holding 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 |
TPK Holding 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 TPK Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPK Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPK Holding stock over time.
Current vs Lagged Prices |
| Timeline |
TPK Holding Lagged Returns
When evaluating TPK Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPK Holding stock have on its future price. TPK Holding 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, TPK Holding autocorrelation shows the relationship between TPK Holding stock current value and its past values and can show if there is a momentum factor associated with investing in TPK Holding Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out TPK Holding Correlation, TPK Holding Volatility and TPK Holding Alpha and Beta module to complement your research on TPK Holding. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for TPK Stock analysis
When running TPK Holding's price analysis, check to measure TPK Holding'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 TPK Holding is operating at the current time. Most of TPK Holding's value examination focuses on studying past and present price action to predict the probability of TPK Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPK Holding's price. Additionally, you may evaluate how the addition of TPK Holding to your portfolios can decrease your overall portfolio volatility.
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TPK Holding 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.