Ambassador Hotel (Taiwan) Market Value
| 2704 Stock | TWD 72.00 0.10 0.14% |
| Symbol | Ambassador |
Ambassador Hotel '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 Ambassador Hotel'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 Ambassador Hotel.
| 06/03/2024 |
| 07/03/2024 |
If you would invest 0.00 in Ambassador Hotel on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ambassador Hotel or generate 0.0% return on investment in Ambassador Hotel over 30 days. Ambassador Hotel is related to or competes with Evergreen Marine, Yang Ming, Advanced Ceramic, Advantech, Hiwin Mikrosystem, Airtac International, and Wah Lee. The Ambassador Hotel, Ltd. operates in the hospitality and restaurant industry in Taiwan More
Ambassador Hotel 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 Ambassador Hotel'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 Ambassador Hotel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0712 | |||
| Maximum Drawdown | 15.33 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 4.16 |
Ambassador Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ambassador Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ambassador Hotel's standard deviation. In reality, there are many statistical measures that can use Ambassador Hotel historical prices to predict the future Ambassador Hotel's volatility.| Risk Adjusted Performance | 0.0496 | |||
| Jensen Alpha | 0.1787 | |||
| Total Risk Alpha | 0.3092 | |||
| Sortino Ratio | 0.0828 | |||
| Treynor Ratio | (0.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ambassador Hotel'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.
Ambassador Hotel Backtested Returns
Ambassador Hotel appears to be very steady, given 3 months investment horizon. Ambassador Hotel secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Ambassador Hotel, which you can use to evaluate the volatility of the firm. Please makes use of Ambassador Hotel's mean deviation of 2.08, and Risk Adjusted Performance of 0.0496 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ambassador Hotel holds a performance score of 10. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ambassador Hotel are expected to decrease at a much lower rate. During the bear market, Ambassador Hotel is likely to outperform the market. Please check Ambassador Hotel's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Ambassador Hotel's price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Ambassador Hotel has very good reverse predictability. Overlapping area represents the amount of predictability between Ambassador Hotel time series from 3rd of June 2024 to 18th of June 2024 and 18th of June 2024 to 3rd 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 Ambassador Hotel price movement. The serial correlation of -0.68 indicates that around 68.0% of current Ambassador Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
Ambassador Hotel lagged returns against current returns
Autocorrelation, which is Ambassador Hotel 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 Ambassador Hotel's stock expected returns. We can calculate the autocorrelation of Ambassador Hotel returns to help us make a trade decision. For example, suppose you find that Ambassador Hotel 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 |
Ambassador Hotel 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 Ambassador Hotel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ambassador Hotel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ambassador Hotel stock over time.
Current vs Lagged Prices |
| Timeline |
Ambassador Hotel Lagged Returns
When evaluating Ambassador Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ambassador Hotel stock have on its future price. Ambassador Hotel 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, Ambassador Hotel autocorrelation shows the relationship between Ambassador Hotel stock current value and its past values and can show if there is a momentum factor associated with investing in Ambassador Hotel.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Ambassador Stock Analysis
When running Ambassador Hotel's price analysis, check to measure Ambassador Hotel'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 Ambassador Hotel is operating at the current time. Most of Ambassador Hotel's value examination focuses on studying past and present price action to predict the probability of Ambassador Hotel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ambassador Hotel's price. Additionally, you may evaluate how the addition of Ambassador Hotel to your portfolios can decrease your overall portfolio volatility.