Chung Hsin (Taiwan) Market Value
| 1513 Stock | TWD 156.00 1.00 0.64% |
| Symbol | Chung |
Chung Hsin '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 Chung Hsin'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 Chung Hsin.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Chung Hsin on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Chung Hsin Electric Machinery or generate 0.0% return on investment in Chung Hsin over 30 days. Chung Hsin is related to or competes with TECO Electric, Fortune Electric, Taiwan Cement, Walsin Lihwa, and Great Wall. Corp., together with its subsidiaries, manufactures and sells electric motors and generators in Taiwan and international... More
Chung Hsin 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 Chung Hsin'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 Chung Hsin Electric Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.27 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 3.35 |
Chung Hsin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chung Hsin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chung Hsin's standard deviation. In reality, there are many statistical measures that can use Chung Hsin historical prices to predict the future Chung Hsin's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0524 |
Chung Hsin Electric Backtested Returns
Chung Hsin Electric secures Sharpe Ratio (or Efficiency) of -0.0384, which signifies that the company had a -0.0384% return per unit of risk over the last 3 months. Chung Hsin Electric Machinery exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chung Hsin's Downside Deviation of 1.77, mean deviation of 1.5, and Risk Adjusted Performance of 0.0204 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chung Hsin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chung Hsin is expected to be smaller as well. At this point, Chung Hsin Electric has a negative expected return of -0.0685%. Please make sure to confirm Chung Hsin's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Chung Hsin Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Chung Hsin Electric Machinery has virtually no predictability. Overlapping area represents the amount of predictability between Chung Hsin time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Chung Hsin Electric price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Chung Hsin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3.39 |
Chung Hsin Electric lagged returns against current returns
Autocorrelation, which is Chung Hsin 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 Chung Hsin's stock expected returns. We can calculate the autocorrelation of Chung Hsin returns to help us make a trade decision. For example, suppose you find that Chung Hsin 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 |
Chung Hsin 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 Chung Hsin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chung Hsin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chung Hsin stock over time.
Current vs Lagged Prices |
| Timeline |
Chung Hsin Lagged Returns
When evaluating Chung Hsin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chung Hsin stock have on its future price. Chung Hsin 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, Chung Hsin autocorrelation shows the relationship between Chung Hsin stock current value and its past values and can show if there is a momentum factor associated with investing in Chung Hsin Electric Machinery.
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 Chung Stock Analysis
When running Chung Hsin's price analysis, check to measure Chung Hsin'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 Chung Hsin is operating at the current time. Most of Chung Hsin's value examination focuses on studying past and present price action to predict the probability of Chung Hsin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chung Hsin's price. Additionally, you may evaluate how the addition of Chung Hsin to your portfolios can decrease your overall portfolio volatility.