Camellia Metal (Taiwan) Market Value
| 2064 Stock | TWD 14.90 0.20 1.32% |
| Symbol | Camellia |
Camellia Metal '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 Camellia Metal'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 Camellia Metal.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Camellia Metal on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Camellia Metal Co or generate 0.0% return on investment in Camellia Metal over 390 days. Camellia Metal is related to or competes with Trade Van, U Media, Gamania Digital, C Media, Tait Marketing, Shiny Chemical, and Hsinli Chemical. Camellia Metal Co., Ltd. manufactures and sells steel bars and wires in Taiwan More
Camellia Metal 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 Camellia Metal'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 Camellia Metal Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.19 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.07 |
Camellia Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camellia Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camellia Metal's standard deviation. In reality, there are many statistical measures that can use Camellia Metal historical prices to predict the future Camellia Metal's volatility.| Risk Adjusted Performance | (0.0002) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.1207 |
Camellia Metal Backtested Returns
At this stage we consider Camellia Stock to be not too volatile. Camellia Metal secures Sharpe Ratio (or Efficiency) of 0.004, which signifies that the company had a 0.004% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Camellia Metal Co, which you can use to evaluate the volatility of the firm. Please confirm Camellia Metal's Mean Deviation of 1.17, standard deviation of 1.9, and Risk Adjusted Performance of (0.0002) to double-check if the risk estimate we provide is consistent with the expected return of 0.0075%. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Camellia Metal are expected to decrease at a much lower rate. During the bear market, Camellia Metal is likely to outperform the market. Camellia Metal right now shows a risk of 1.89%. Please confirm Camellia Metal coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Camellia Metal will be following its price patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Camellia Metal Co has modest reverse predictability. Overlapping area represents the amount of predictability between Camellia Metal time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Camellia Metal price movement. The serial correlation of -0.5 indicates that about 50.0% of current Camellia Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Camellia Metal lagged returns against current returns
Autocorrelation, which is Camellia Metal 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 Camellia Metal's stock expected returns. We can calculate the autocorrelation of Camellia Metal returns to help us make a trade decision. For example, suppose you find that Camellia Metal 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 |
Camellia Metal 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 Camellia Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camellia Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camellia Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Camellia Metal Lagged Returns
When evaluating Camellia Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camellia Metal stock have on its future price. Camellia Metal 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, Camellia Metal autocorrelation shows the relationship between Camellia Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Camellia Metal Co.
Regressed Prices |
| Timeline |
Pair Trading with Camellia Metal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Camellia Metal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Camellia Metal will appreciate offsetting losses from the drop in the long position's value.Moving together with Camellia Stock
Moving against Camellia Stock
| 0.53 | 9904 | Pou Chen Corp | PairCorr |
| 0.5 | 1569 | Bin Chuan Enterprise | PairCorr |
| 0.39 | 4912 | Lemtech Holdings | PairCorr |
| 0.35 | 2881A | Fubon Financial Holding | PairCorr |
| 0.32 | 3376 | Shin Zu Shing | PairCorr |
The ability to find closely correlated positions to Camellia Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Camellia Metal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Camellia Metal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Camellia Metal Co to buy it.
The correlation of Camellia Metal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Camellia Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Camellia Metal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Camellia Metal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Camellia Stock Analysis
When running Camellia Metal's price analysis, check to measure Camellia Metal'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 Camellia Metal is operating at the current time. Most of Camellia Metal's value examination focuses on studying past and present price action to predict the probability of Camellia Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camellia Metal's price. Additionally, you may evaluate how the addition of Camellia Metal to your portfolios can decrease your overall portfolio volatility.