TYC Brother (Taiwan) Market Value
1522 Stock | TWD 50.40 3.80 8.15% |
Symbol | TYC |
TYC Brother '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 TYC Brother'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 TYC Brother.
01/19/2024 |
| 03/19/2024 |
If you would invest 0.00 in TYC Brother on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding TYC Brother Industrial or generate 0.0% return on investment in TYC Brother over 60 days. TYC Brother is related to or competes with Harmony Electronics, Orient Semiconductor, Chi Hua, Power Wind, Taisol Electronics, and CHC Healthcare. TYC Brother Industrial Co., Ltd. manufactures and sells vehicle lighting products for two, three, and four wheelers worl... More
TYC Brother 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 TYC Brother'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 TYC Brother Industrial upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.11 | |||
Information Ratio | 0.0379 | |||
Maximum Drawdown | 14.98 | |||
Value At Risk | (2.84) | |||
Potential Upside | 5.87 |
TYC Brother Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TYC Brother's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TYC Brother's standard deviation. In reality, there are many statistical measures that can use TYC Brother historical prices to predict the future TYC Brother's volatility.Risk Adjusted Performance | 0.069 | |||
Jensen Alpha | 0.1522 | |||
Total Risk Alpha | (0.29) | |||
Sortino Ratio | 0.0435 | |||
Treynor Ratio | 0.4121 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of TYC Brother'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. Please use the tools below to analyze the current value of TYC Brother in the context of predictive analytics.
TYC Brother Industrial Backtested Returns
TYC Brother appears to be very steady, given 3 months investment horizon. TYC Brother Industrial retains Efficiency (Sharpe Ratio) of 0.14, which indicates the firm had 0.14% return per unit of volatility over the last 3 months. Our outlook to measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-nine technical indicators for TYC Brother, which you can use to evaluate the future volatility of the company. Please review TYC Brother's downside deviation of 2.11, and Risk Adjusted Performance of 0.069 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TYC Brother holds a performance score of 10. The entity owns a Beta (Systematic Risk) of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TYC Brother returns are expected to increase less than the market. However, during the bear market, the loss on holding TYC Brother will be expected to be smaller as well. Our main way in which we are measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. Please operates TYC Brother Industrial mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to make a quick decision on whether TYC Brother Industrial current price history will revert.
Auto-correlation | 0.01 |
Virtually no predictability
TYC Brother Industrial has virtually no predictability. Overlapping area represents the amount of predictability between TYC Brother time series from 19th of January 2024 to 18th of February 2024 and 18th of February 2024 to 19th 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 TYC Brother Industrial price movement. The serial correlation of 0.01 indicates that just 1.0% of current TYC Brother price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.01 | |
Spearman Rank Test | 0.45 | |
Residual Average | 0.0 | |
Price Variance | 7.77 |
TYC Brother Industrial lagged returns against current returns
Autocorrelation, which is TYC Brother 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 TYC Brother's stock expected returns. We can calculate the autocorrelation of TYC Brother returns to help us make a trade decision. For example, suppose you find that TYC Brother stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
TYC Brother 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 TYC Brother stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TYC Brother stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TYC Brother stock over time.
Current vs Lagged Prices |
Timeline |
TYC Brother Lagged Returns
When evaluating TYC Brother's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TYC Brother stock have on its future price. TYC Brother 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, TYC Brother autocorrelation shows the relationship between TYC Brother stock current value and its past values and can show if there is a momentum factor associated with investing in TYC Brother Industrial.
Regressed Prices |
Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out TYC Brother Correlation, TYC Brother Volatility and TYC Brother Alpha and Beta module to complement your research on TYC Brother. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for TYC Stock analysis
When running TYC Brother's price analysis, check to measure TYC Brother'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 TYC Brother is operating at the current time. Most of TYC Brother's value examination focuses on studying past and present price action to predict the probability of TYC Brother's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TYC Brother's price. Additionally, you may evaluate how the addition of TYC Brother to your portfolios can decrease your overall portfolio volatility.
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TYC Brother 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.