Chung Hung (Taiwan) Market Value
| 2014 Stock | TWD 23.80 0.70 2.86% |
| Symbol | Chung |
Chung Hung '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 Hung'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 Hung.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Chung Hung on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Chung Hung Steel or generate 0.0% return on investment in Chung Hung over 90 days. Chung Hung is related to or competes with China Steel, Yieh Phui, Ta Chen, Yang Ming, and Tung Ho. Chung Hung Steel Corporation manufactures, processes, and sells steel products in Taiwan, Asia, the United States, Europ... More
Chung Hung 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 Hung'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 Hung Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.1649 | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 6.35 |
Chung Hung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chung Hung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chung Hung's standard deviation. In reality, there are many statistical measures that can use Chung Hung historical prices to predict the future Chung Hung's volatility.| Risk Adjusted Performance | 0.1099 | |||
| Jensen Alpha | 0.3906 | |||
| Total Risk Alpha | 0.7715 | |||
| Sortino Ratio | 0.2619 | |||
| Treynor Ratio | 0.8539 |
Chung Hung Steel Backtested Returns
Chung Hung appears to be not too volatile, given 3 months investment horizon. Chung Hung Steel secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18 % return per unit of risk over the last 3 months. By analyzing Chung Hung's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Chung Hung's Mean Deviation of 2.04, downside deviation of 1.78, and Risk Adjusted Performance of 0.1099 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chung Hung holds a performance score of 13. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chung Hung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chung Hung is expected to be smaller as well. Please check Chung Hung's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Chung Hung's price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Chung Hung Steel has very weak reverse predictability. Overlapping area represents the amount of predictability between Chung Hung time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Chung Hung Steel price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Chung Hung price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 5.67 |
Chung Hung Steel lagged returns against current returns
Autocorrelation, which is Chung Hung 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 Hung's stock expected returns. We can calculate the autocorrelation of Chung Hung returns to help us make a trade decision. For example, suppose you find that Chung Hung 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 Hung 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 Hung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chung Hung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chung Hung stock over time.
Current vs Lagged Prices |
| Timeline |
Chung Hung Lagged Returns
When evaluating Chung Hung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chung Hung stock have on its future price. Chung Hung 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 Hung autocorrelation shows the relationship between Chung Hung stock current value and its past values and can show if there is a momentum factor associated with investing in Chung Hung Steel.
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 Hung's price analysis, check to measure Chung Hung'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 Hung is operating at the current time. Most of Chung Hung's value examination focuses on studying past and present price action to predict the probability of Chung Hung'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 Hung's price. Additionally, you may evaluate how the addition of Chung Hung to your portfolios can decrease your overall portfolio volatility.