Dimerco Express (Taiwan) Market Value
5609 Stock | TWD 90.20 0.50 0.55% |
Symbol | Dimerco |
Dimerco Express '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 Dimerco Express' 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 Dimerco Express.
04/08/2022 |
| 03/28/2024 |
If you would invest 0.00 in Dimerco Express on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Dimerco Express or generate 0.0% return on investment in Dimerco Express over 720 days. Dimerco Express is related to or competes with Standard Chemical, Shinkong Synthetic, San Fu, Ching Feng, Sporton International, Sino American, and Evermore Chemical. More
Dimerco Express 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 Dimerco Express' 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 Dimerco Express upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.12 | |||
Information Ratio | 0.0219 | |||
Maximum Drawdown | 5.32 | |||
Value At Risk | (1.78) | |||
Potential Upside | 1.88 |
Dimerco Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dimerco Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dimerco Express' standard deviation. In reality, there are many statistical measures that can use Dimerco Express historical prices to predict the future Dimerco Express' volatility.Risk Adjusted Performance | 0.0854 | |||
Jensen Alpha | 0.1454 | |||
Total Risk Alpha | (0.1) | |||
Sortino Ratio | 0.0215 | |||
Treynor Ratio | 5.36 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dimerco Express' 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.
Dimerco Express Backtested Returns
We consider Dimerco Express very steady. Dimerco Express 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 twenty-nine technical indicators for Dimerco Express, which you can use to evaluate the volatility of the firm. Please confirm Dimerco Express' Mean Deviation of 0.8225, coefficient of variation of 690.5, and Downside Deviation of 1.12 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Dimerco Express has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0278, which means not very significant fluctuations relative to the market. As returns on the market increase, Dimerco Express' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dimerco Express is expected to be smaller as well. Dimerco Express right now shows a risk of 1.1%. Please confirm Dimerco Express downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Dimerco Express will be following its price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Dimerco Express has poor reverse predictability. Overlapping area represents the amount of predictability between Dimerco Express time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Dimerco Express price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Dimerco Express price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.38 | |
Spearman Rank Test | -0.3 | |
Residual Average | 0.0 | |
Price Variance | 32.18 |
Dimerco Express lagged returns against current returns
Autocorrelation, which is Dimerco Express 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 Dimerco Express' stock expected returns. We can calculate the autocorrelation of Dimerco Express returns to help us make a trade decision. For example, suppose you find that Dimerco Express 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 |
Dimerco Express 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 Dimerco Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dimerco Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dimerco Express stock over time.
Current vs Lagged Prices |
Timeline |
Dimerco Express Lagged Returns
When evaluating Dimerco Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dimerco Express stock have on its future price. Dimerco Express 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, Dimerco Express autocorrelation shows the relationship between Dimerco Express stock current value and its past values and can show if there is a momentum factor associated with investing in Dimerco Express.
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 Dimerco Express 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, Dimerco Express' short interest history, or implied volatility extrapolated from Dimerco Express options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Dimerco Express Correlation, Dimerco Express Volatility and Dimerco Express Alpha and Beta module to complement your research on Dimerco Express. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Dimerco Stock analysis
When running Dimerco Express' price analysis, check to measure Dimerco Express' 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 Dimerco Express is operating at the current time. Most of Dimerco Express' value examination focuses on studying past and present price action to predict the probability of Dimerco Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dimerco Express' price. Additionally, you may evaluate how the addition of Dimerco Express to your portfolios can decrease your overall portfolio volatility.
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Dimerco Express 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.