Tex Ray (Taiwan) Market Value
| 1467 Stock | TWD 11.55 0.05 0.43% |
| Symbol | Tex |
Tex Ray '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 Tex Ray'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 Tex Ray.
| 06/01/2024 |
| 07/01/2024 |
If you would invest 0.00 in Tex Ray on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Tex Ray Industrial Co or generate 0.0% return on investment in Tex Ray over 30 days. Tex Ray is related to or competes with Information Technology, Chong Hong, Farglory Land, Alar Pharmaceuticals, Dah San, FarGlory Hotel, and Chunghwa Telecom. Tex-Ray Industrial Co., Ltd. manufactures and retails yarns and fabrics More
Tex Ray 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 Tex Ray'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 Tex Ray Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.0606 | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.97 |
Tex Ray Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tex Ray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tex Ray's standard deviation. In reality, there are many statistical measures that can use Tex Ray historical prices to predict the future Tex Ray's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.0728 | |||
| Total Risk Alpha | 0.1071 | |||
| Sortino Ratio | 0.0569 | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tex Ray'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.
Tex Ray Industrial Backtested Returns
At this stage we consider Tex Stock to be not too volatile. Tex Ray Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0691, which indicates the firm had a 0.0691% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tex Ray Industrial Co, which you can use to evaluate the volatility of the company. Please validate Tex Ray's Semi Deviation of 1.21, coefficient of variation of 1732.87, and Risk Adjusted Performance of 0.0431 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Tex Ray has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tex Ray are expected to decrease at a much lower rate. During the bear market, Tex Ray is likely to outperform the market. Tex Ray Industrial right now has a risk of 1.52%. Please validate Tex Ray sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Tex Ray will be following its existing price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Tex Ray Industrial Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tex Ray time series from 1st of June 2024 to 16th of June 2024 and 16th of June 2024 to 1st of July 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 Tex Ray Industrial price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Tex Ray price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tex Ray Industrial lagged returns against current returns
Autocorrelation, which is Tex Ray 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 Tex Ray's stock expected returns. We can calculate the autocorrelation of Tex Ray returns to help us make a trade decision. For example, suppose you find that Tex Ray 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 |
Tex Ray 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 Tex Ray stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tex Ray stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tex Ray stock over time.
Current vs Lagged Prices |
| Timeline |
Tex Ray Lagged Returns
When evaluating Tex Ray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tex Ray stock have on its future price. Tex Ray 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, Tex Ray autocorrelation shows the relationship between Tex Ray stock current value and its past values and can show if there is a momentum factor associated with investing in Tex Ray Industrial Co.
Regressed Prices |
| Timeline |
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Additional Tools for Tex Stock Analysis
When running Tex Ray's price analysis, check to measure Tex Ray'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 Tex Ray is operating at the current time. Most of Tex Ray's value examination focuses on studying past and present price action to predict the probability of Tex Ray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tex Ray's price. Additionally, you may evaluate how the addition of Tex Ray to your portfolios can decrease your overall portfolio volatility.