China Steel (Taiwan) Market Value
| 2002 Stock | TWD 24.10 0.20 0.82% |
| Symbol | China |
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.
| 12/18/2024 |
| 03/18/2025 |
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.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1678 | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 3.02 |
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.| Risk Adjusted Performance | 0.1069 | |||
| Jensen Alpha | 0.2552 | |||
| Total Risk Alpha | 0.4566 | |||
| Sortino Ratio | 0.2468 | |||
| Treynor Ratio | 0.5806 |
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-eight technical indicators for China Steel Corp, which you can use to evaluate the volatility of the firm. Please makes use of China Steel's Mean Deviation of 1.38, downside deviation of 1.31, and Risk Adjusted Performance of 0.1069 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 downside deviation, information ratio, and 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 Average | 0.0 | |
| Price Variance | 3.28 |
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.