China Electric (Taiwan) Market Value
| 1611 Stock | TWD 16.05 0.45 2.73% |
| Symbol | China |
China Electric '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 China Electric'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 China Electric.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in China Electric on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding China Electric Manufacturing or generate 0.0% return on investment in China Electric over 30 days. China Electric is related to or competes with Wan Hai, U Ming, and China Airlines. Corporation manufactures and sells lighting products in Taiwan More
China Electric 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 China Electric'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 China Electric Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.72 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.66 |
China Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Electric's standard deviation. In reality, there are many statistical measures that can use China Electric historical prices to predict the future China Electric's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.25) |
China Electric Manuf Backtested Returns
China Electric Manuf secures Sharpe Ratio (or Efficiency) of -0.0557, which signifies that the company had a -0.0557% return per unit of risk over the last 3 months. China Electric Manufacturing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Electric's Mean Deviation of 1.29, standard deviation of 1.82, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Electric is expected to be smaller as well. At this point, China Electric Manuf has a negative expected return of -0.1%. Please make sure to confirm China Electric's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if China Electric Manuf performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
China Electric Manufacturing has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Electric time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 China Electric Manuf price movement. The serial correlation of -0.19 indicates that over 19.0% of current China Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
China Electric Manuf lagged returns against current returns
Autocorrelation, which is China Electric 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 China Electric's stock expected returns. We can calculate the autocorrelation of China Electric returns to help us make a trade decision. For example, suppose you find that China Electric 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 |
China Electric 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 China Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Electric stock over time.
Current vs Lagged Prices |
| Timeline |
China Electric Lagged Returns
When evaluating China Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Electric stock have on its future price. China Electric 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, China Electric autocorrelation shows the relationship between China Electric stock current value and its past values and can show if there is a momentum factor associated with investing in China Electric Manufacturing.
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 China Stock Analysis
When running China Electric's price analysis, check to measure China Electric'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 China Electric is operating at the current time. Most of China Electric's value examination focuses on studying past and present price action to predict the probability of China Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Electric's price. Additionally, you may evaluate how the addition of China Electric to your portfolios can decrease your overall portfolio volatility.