104 (Taiwan) Alpha and Beta Analysis
| 3130 Stock | TWD 227.50 0.50 0.22% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as 104 Corporation. It also helps investors analyze the systematic and unsystematic risks associated with investing in 104 over a specified time horizon. Remember, high 104's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to 104's market risk premium analysis include:
Beta 0.0513 | Alpha 0.0756 | Risk 0.96 | Sharpe Ratio 0.067 | Expected Return 0.0644 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
104 |
104 Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. 104 market risk premium is the additional return an investor will receive from holding 104 long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in 104. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate 104's performance over market.| α | 0.08 | β | 0.05 |
104 expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of 104's Buy-and-hold return. Our buy-and-hold chart shows how 104 performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.104 Market Price Analysis
Market price analysis indicators help investors to evaluate how 104 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 104 shares will generate the highest return on investment. By understating and applying 104 stock market price indicators, traders can identify 104 position entry and exit signals to maximize returns.
104 Return and Market Media
The median price of 104 for the period between Sun, Jan 28, 2024 and Sat, Apr 27, 2024 is 226.0 with a coefficient of variation of 2.32. The daily time series for the period is distributed with a sample standard deviation of 5.2, arithmetic mean of 224.59, and mean deviation of 4.25. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
| Timeline |
About 104 Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including 104 or other stocks. Alpha measures the amount that position in 104 Corporation has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
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 104 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, 104's short interest history, or implied volatility extrapolated from 104 options trading.
Build Portfolio with 104
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out 104 Backtesting, 104 Valuation, 104 Correlation, 104 Hype Analysis, 104 Volatility, 104 History and analyze 104 Performance. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for 104 Stock analysis
When running 104's price analysis, check to measure 104'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 104 is operating at the current time. Most of 104's value examination focuses on studying past and present price action to predict the probability of 104's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 104's price. Additionally, you may evaluate how the addition of 104 to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Transaction History View history of all your transactions and understand their impact on performance |
104 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.