Soft World (Taiwan) Market Value
| 5478 Stock | TWD 141.00 1.50 1.08% |
| Symbol | Soft |
Soft World '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 Soft World'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 Soft World.
| 06/03/2022 |
| 05/23/2024 |
If you would invest 0.00 in Soft World on June 3, 2022 and sell it all today you would earn a total of 0.00 from holding Soft World International or generate 0.0% return on investment in Soft World over 720 days. Soft World is related to or competes with International Games, X Legend, Userjoy Technology, and GameSparcs. Soft-World International Corporation develops, operates, and distributes games in Taiwan More
Soft World 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 Soft World'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 Soft World International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0051 | |||
| Maximum Drawdown | 15.35 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.9 |
Soft World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soft World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soft World's standard deviation. In reality, there are many statistical measures that can use Soft World historical prices to predict the future Soft World's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | 0.1169 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0054 | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Soft World'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.
Soft World International Backtested Returns
We consider Soft World very steady. Soft World International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0358, which indicates the firm had a 0.0358% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Soft World International, which you can use to evaluate the volatility of the company. Please validate Soft World's Risk Adjusted Performance of 0.0286, semi deviation of 2.18, and Coefficient Of Variation of 2749.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.09%. Soft World has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Soft World are expected to decrease at a much lower rate. During the bear market, Soft World is likely to outperform the market. Soft World International right now has a risk of 2.51%. Please validate Soft World semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Soft World will be following its existing price patterns.
Auto-correlation | 0.53 |
Modest predictability
Soft World International has modest predictability. Overlapping area represents the amount of predictability between Soft World time series from 3rd of June 2022 to 29th of May 2023 and 29th of May 2023 to 23rd of May 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 Soft World International price movement. The serial correlation of 0.53 indicates that about 53.0% of current Soft World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 820.32 |
Soft World International lagged returns against current returns
Autocorrelation, which is Soft World 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 Soft World's stock expected returns. We can calculate the autocorrelation of Soft World returns to help us make a trade decision. For example, suppose you find that Soft World 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 |
Soft World 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 Soft World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soft World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soft World stock over time.
Current vs Lagged Prices |
| Timeline |
Soft World Lagged Returns
When evaluating Soft World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soft World stock have on its future price. Soft World 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, Soft World autocorrelation shows the relationship between Soft World stock current value and its past values and can show if there is a momentum factor associated with investing in Soft World International.
Regressed Prices |
| Timeline |
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When running Soft World's price analysis, check to measure Soft World'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 Soft World is operating at the current time. Most of Soft World's value examination focuses on studying past and present price action to predict the probability of Soft World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Soft World's price. Additionally, you may evaluate how the addition of Soft World to your portfolios can decrease your overall portfolio volatility.
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Soft World 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.