China Steel (Taiwan) Market Value

2002 Stock  TWD 24.10  0.20  0.82%   
China Steel's market value is the price at which a share of China Steel trades on a public exchange. It measures the collective expectations of China Steel Corp investors about its performance. China Steel is selling for under 24.10 as of the 18th of March 2025; that is 0.82% down since the beginning of the trading day. The stock's lowest day price was 23.9.
With this module, you can estimate the performance of a buy and hold strategy of China Steel Corp and determine expected loss or profit from investing in China Steel over a given investment horizon. Check out China Steel Correlation, China Steel Volatility and China Steel Alpha and Beta module to complement your research on China Steel.
Symbol

Please note, there is a significant difference between China Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Steel'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.

China Steel '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 Steel'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 Steel.
0.00
12/18/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/18/2025
0.00
If you would invest  0.00  in China Steel on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding China Steel Corp or generate 0.0% return on investment in China Steel over 90 days. China Steel is related to or competes with Formosa Plastics, Chunghwa Telecom, Nan Ya, Cathay Financial, and United Microelectronics. China Steel Corporation manufactures and sells steel products primarily in Taiwan, Vietnam, Malaysia, China, India, and ... More

China Steel 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 Steel'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 Steel Corp upside and downside potential and time the market with a certain degree of confidence.

China Steel Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for China Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Steel's standard deviation. In reality, there are many statistical measures that can use China Steel historical prices to predict the future China Steel's volatility.
Hype
Prediction
LowEstimatedHigh
22.0624.1026.14
Details
Intrinsic
Valuation
LowRealHigh
21.6926.8428.89
Details

China Steel Corp Backtested Returns

China Steel appears to be very steady, given 3 months investment horizon. China Steel Corp secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Steel Corp, which you can use to evaluate the volatility of the firm. Please makes use of China Steel's Risk Adjusted Performance of 0.1069, mean deviation of 1.38, and Downside Deviation of 1.31 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Steel holds a performance score of 13. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Steel is expected to be smaller as well. Please check China Steel'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 China Steel's price patterns will revert.

Auto-correlation

    
  -0.52  

Good reverse predictability

China Steel Corp has good reverse predictability. Overlapping area represents the amount of predictability between China Steel time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 2025. 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 Steel Corp price movement. The serial correlation of -0.52 indicates that about 52.0% of current China Steel price fluctuation can be explain by its past prices.
Correlation Coefficient-0.52
Spearman Rank Test-0.29
Residual Average0.0
Price Variance3.28

China Steel Corp lagged returns against current returns

Autocorrelation, which is China Steel 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 Steel's stock expected returns. We can calculate the autocorrelation of China Steel returns to help us make a trade decision. For example, suppose you find that China Steel 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 Steel 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 Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Steel stock over time.
   Current vs Lagged Prices   
       Timeline  

China Steel Lagged Returns

When evaluating China Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Steel stock have on its future price. China Steel 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 Steel autocorrelation shows the relationship between China Steel stock current value and its past values and can show if there is a momentum factor associated with investing in China Steel Corp.
   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 Steel's price analysis, check to measure China Steel'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 Steel is operating at the current time. Most of China Steel's value examination focuses on studying past and present price action to predict the probability of China Steel'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 Steel's price. Additionally, you may evaluate how the addition of China Steel to your portfolios can decrease your overall portfolio volatility.