Champion Building (Taiwan) Market Value

1806 Stock  TWD 10.35  0.05  0.48%   
Champion Building's market value is the price at which a share of Champion Building trades on a public exchange. It measures the collective expectations of Champion Building Materials investors about its performance. Champion Building is selling for under 10.35 as of the 4th of December 2024; that is 0.48 percent decrease since the beginning of the trading day. The stock's lowest day price was 10.3.
With this module, you can estimate the performance of a buy and hold strategy of Champion Building Materials and determine expected loss or profit from investing in Champion Building over a given investment horizon. Check out Champion Building Correlation, Champion Building Volatility and Champion Building Alpha and Beta module to complement your research on Champion Building.
Symbol

Please note, there is a significant difference between Champion Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Champion Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Champion Building's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Champion Building '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 Champion Building'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 Champion Building.
0.00
12/10/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/04/2024
0.00
If you would invest  0.00  in Champion Building on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Champion Building Materials or generate 0.0% return on investment in Champion Building over 360 days. Champion Building is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Information Technology, and Kinko Optical. Champion Building Materials Co., Ltd., together with its subsidiaries manufactures and markets ceramics, ceramic product... More

Champion Building 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 Champion Building'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 Champion Building Materials upside and downside potential and time the market with a certain degree of confidence.

Champion Building Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Champion Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Champion Building's standard deviation. In reality, there are many statistical measures that can use Champion Building historical prices to predict the future Champion Building's volatility.
Hype
Prediction
LowEstimatedHigh
7.9610.3512.74
Details
Intrinsic
Valuation
LowRealHigh
7.8710.2612.65
Details
Naive
Forecast
LowNextHigh
7.509.8912.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.2210.3510.47
Details

Champion Building Backtested Returns

Champion Building secures Sharpe Ratio (or Efficiency) of -0.0965, which signifies that the company had a -0.0965% return per unit of standard deviation over the last 3 months. Champion Building Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Champion Building's risk adjusted performance of (0.04), and Mean Deviation of 1.78 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Champion Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding Champion Building is expected to be smaller as well. At this point, Champion Building has a negative expected return of -0.23%. Please make sure to confirm Champion Building's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Champion Building performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.06  

Virtually no predictability

Champion Building Materials has virtually no predictability. Overlapping area represents the amount of predictability between Champion Building time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 Champion Building price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Champion Building price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.14
Residual Average0.0
Price Variance0.88

Champion Building lagged returns against current returns

Autocorrelation, which is Champion Building 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 Champion Building's stock expected returns. We can calculate the autocorrelation of Champion Building returns to help us make a trade decision. For example, suppose you find that Champion Building 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  

Champion Building 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 Champion Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Champion Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Champion Building stock over time.
   Current vs Lagged Prices   
       Timeline  

Champion Building Lagged Returns

When evaluating Champion Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Champion Building stock have on its future price. Champion Building 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, Champion Building autocorrelation shows the relationship between Champion Building stock current value and its past values and can show if there is a momentum factor associated with investing in Champion Building Materials.
   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 Champion Stock Analysis

When running Champion Building's price analysis, check to measure Champion Building'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 Champion Building is operating at the current time. Most of Champion Building's value examination focuses on studying past and present price action to predict the probability of Champion Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Champion Building's price. Additionally, you may evaluate how the addition of Champion Building to your portfolios can decrease your overall portfolio volatility.