Taiwan Semiconductor (Mexico) Market Value
| TSMN Stock | MXN 2,252 96.60 4.11% |
| Symbol | Taiwan |
Taiwan Semiconductor '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 Taiwan Semiconductor'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 Taiwan Semiconductor.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Taiwan Semiconductor on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Semiconductor Manufacturing or generate 0.0% return on investment in Taiwan Semiconductor over 90 days. Taiwan Semiconductor is related to or competes with Steel Dynamics, Grupo Sports, Southwest Airlines, First Majestic, Samsung Electronics, and Delta Air. Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors More
Taiwan Semiconductor 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 Taiwan Semiconductor'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 Taiwan Semiconductor Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.1401 | |||
| Maximum Drawdown | 15.1 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 5.18 |
Taiwan Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Semiconductor's standard deviation. In reality, there are many statistical measures that can use Taiwan Semiconductor historical prices to predict the future Taiwan Semiconductor's volatility.| Risk Adjusted Performance | 0.1097 | |||
| Jensen Alpha | 0.4659 | |||
| Total Risk Alpha | 0.1834 | |||
| Sortino Ratio | 0.1879 | |||
| Treynor Ratio | (1.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taiwan Semiconductor'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.
Taiwan Semiconductor Backtested Returns
Taiwan Semiconductor appears to be very steady, given 3 months investment horizon. Taiwan Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Taiwan Semiconductor Manufacturing, which you can use to evaluate the volatility of the company. Please review Taiwan Semiconductor's Risk Adjusted Performance of 0.1097, semi deviation of 1.67, and Coefficient Of Variation of 606.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taiwan Semiconductor holds a performance score of 8. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Taiwan Semiconductor are expected to decrease at a much lower rate. During the bear market, Taiwan Semiconductor is likely to outperform the market. Please check Taiwan Semiconductor's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Taiwan Semiconductor's existing price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Taiwan Semiconductor Manufacturing has insignificant reverse predictability. Overlapping area represents the amount of predictability between Taiwan Semiconductor time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th 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 Taiwan Semiconductor price movement. The serial correlation of -0.16 indicates that over 16.0% of current Taiwan Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 4220.49 |
Taiwan Semiconductor lagged returns against current returns
Autocorrelation, which is Taiwan Semiconductor 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 Taiwan Semiconductor's stock expected returns. We can calculate the autocorrelation of Taiwan Semiconductor returns to help us make a trade decision. For example, suppose you find that Taiwan Semiconductor 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 |
Taiwan Semiconductor 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 Taiwan Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Semiconductor Lagged Returns
When evaluating Taiwan Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Semiconductor stock have on its future price. Taiwan Semiconductor 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, Taiwan Semiconductor autocorrelation shows the relationship between Taiwan Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Semiconductor Manufacturing.
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 Taiwan Semiconductor 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, Taiwan Semiconductor's short interest history, or implied volatility extrapolated from Taiwan Semiconductor options trading.
Currently Active Assets on Macroaxis
When determining whether Taiwan Semiconductor is a strong investment it is important to analyze Taiwan Semiconductor's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Taiwan Semiconductor's future performance. For an informed investment choice regarding Taiwan Stock, refer to the following important reports:Check out Taiwan Semiconductor Correlation, Taiwan Semiconductor Volatility and Taiwan Semiconductor Alpha and Beta module to complement your research on Taiwan Semiconductor. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Taiwan Stock analysis
When running Taiwan Semiconductor's price analysis, check to measure Taiwan Semiconductor'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 Taiwan Semiconductor is operating at the current time. Most of Taiwan Semiconductor's value examination focuses on studying past and present price action to predict the probability of Taiwan Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Semiconductor's price. Additionally, you may evaluate how the addition of Taiwan Semiconductor to your portfolios can decrease your overall portfolio volatility.
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Taiwan Semiconductor 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.