Dimerco Express (Taiwan) Market Value

5609 Stock  TWD 90.20  0.50  0.55%   
Dimerco Express' market value is the price at which a share of Dimerco Express trades on a public exchange. It measures the collective expectations of Dimerco Express investors about its performance. Dimerco Express is selling for under 87.50 as of the 28th of March 2024; that is 2.37 percent increase since the beginning of the trading day. The stock's lowest day price was 90.0.
With this module, you can estimate the performance of a buy and hold strategy of Dimerco Express and determine expected loss or profit from investing in Dimerco Express over a given investment horizon. Check out Dimerco Express Correlation, Dimerco Express Volatility and Dimerco Express Alpha and Beta module to complement your research on Dimerco Express.
Symbol

Please note, there is a significant difference between Dimerco Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dimerco Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dimerco Express' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
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.

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.
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.
Hype
Prediction
LowEstimatedHigh
89.1090.2091.30
Details
Intrinsic
Valuation
LowRealHigh
81.18104.49105.59
Details
Naive
Forecast
LowNextHigh
85.7886.8887.98
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
82.6887.9393.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dimerco Express. Your research has to be compared to or analyzed against Dimerco Express' peers to derive any actionable benefits. When done correctly, Dimerco Express' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dimerco Express.

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 Average0.0
Price Variance32.18

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

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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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.

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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.
A focus of Dimerco Express technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dimerco Express trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...