Chia Her (Taiwan) Market Value
| 1449 Stock | TWD 26.25 2.90 9.95% |
| Symbol | Chia |
Chia Her '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 Chia Her'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 Chia Her.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Chia Her on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Chia Her Industrial or generate 0.0% return on investment in Chia Her over 480 days. Chia Her is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Chia Her Industrial Co., Ltd. manufactures and sells textile products in Taiwan More
Chia Her 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 Chia Her'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 Chia Her Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | 0.1173 | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (6.58) | |||
| Potential Upside | 9.82 |
Chia Her Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chia Her's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chia Her's standard deviation. In reality, there are many statistical measures that can use Chia Her historical prices to predict the future Chia Her's volatility.| Risk Adjusted Performance | 0.1155 | |||
| Jensen Alpha | 0.5516 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1319 | |||
| Treynor Ratio | 2.16 |
Chia Her Industrial Backtested Returns
Chia Her appears to be not too volatile, given 3 months investment horizon. Chia Her Industrial secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing Chia Her's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Chia Her's Risk Adjusted Performance of 0.1155, downside deviation of 3.55, and Mean Deviation of 2.78 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chia Her holds a performance score of 12. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chia Her's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chia Her is expected to be smaller as well. Please check Chia Her's 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 Chia Her's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Chia Her Industrial has no correlation between past and present. Overlapping area represents the amount of predictability between Chia Her time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Chia Her Industrial price movement. The serial correlation of 0.0 indicates that just 0.0% of current Chia Her price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 4.74 |
Chia Her Industrial lagged returns against current returns
Autocorrelation, which is Chia Her 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 Chia Her's stock expected returns. We can calculate the autocorrelation of Chia Her returns to help us make a trade decision. For example, suppose you find that Chia Her 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 |
Chia Her 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 Chia Her stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chia Her stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chia Her stock over time.
Current vs Lagged Prices |
| Timeline |
Chia Her Lagged Returns
When evaluating Chia Her's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chia Her stock have on its future price. Chia Her 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, Chia Her autocorrelation shows the relationship between Chia Her stock current value and its past values and can show if there is a momentum factor associated with investing in Chia Her Industrial.
Regressed Prices |
| Timeline |
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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 Chia Stock Analysis
When running Chia Her's price analysis, check to measure Chia Her'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 Chia Her is operating at the current time. Most of Chia Her's value examination focuses on studying past and present price action to predict the probability of Chia Her's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chia Her's price. Additionally, you may evaluate how the addition of Chia Her to your portfolios can decrease your overall portfolio volatility.