CSBC Corp (Taiwan) Market Value
| 2208 Stock | TWD 16.55 0.05 0.30% |
| Symbol | CSBC |
CSBC Corp '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 CSBC Corp'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 CSBC Corp.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in CSBC Corp on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding CSBC Corp Taiwan or generate 0.0% return on investment in CSBC Corp over 30 days. CSBC Corp is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Information Technology, and Kinko Optical. CSBC Corporation engages in building, manufacturing, and repairing various ships and onshore equipment More
CSBC Corp 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 CSBC Corp'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 CSBC Corp Taiwan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.32 |
CSBC Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSBC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSBC Corp's standard deviation. In reality, there are many statistical measures that can use CSBC Corp historical prices to predict the future CSBC Corp's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.57) |
CSBC Corp Taiwan Backtested Returns
CSBC Corp Taiwan retains Efficiency (Sharpe Ratio) of -0.0391, which signifies that the company had a -0.0391% return per unit of risk over the last 3 months. CSBC Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSBC Corp's market risk adjusted performance of (0.56), and Variance of 1.86 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CSBC Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSBC Corp is expected to be smaller as well. At this point, CSBC Corp Taiwan has a negative expected return of -0.0488%. Please make sure to confirm CSBC Corp's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if CSBC Corp Taiwan performance from the past will be repeated in the future.
Auto-correlation | 0.76 |
Good predictability
CSBC Corp Taiwan has good predictability. Overlapping area represents the amount of predictability between CSBC Corp time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 CSBC Corp Taiwan price movement. The serial correlation of 0.76 indicates that around 76.0% of current CSBC Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
CSBC Corp Taiwan lagged returns against current returns
Autocorrelation, which is CSBC Corp 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 CSBC Corp's stock expected returns. We can calculate the autocorrelation of CSBC Corp returns to help us make a trade decision. For example, suppose you find that CSBC Corp 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 |
CSBC Corp 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 CSBC Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSBC Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSBC Corp stock over time.
Current vs Lagged Prices |
| Timeline |
CSBC Corp Lagged Returns
When evaluating CSBC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSBC Corp stock have on its future price. CSBC Corp 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, CSBC Corp autocorrelation shows the relationship between CSBC Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CSBC Corp Taiwan.
Regressed Prices |
| Timeline |
Also Currently Popular
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 CSBC Stock Analysis
When running CSBC Corp's price analysis, check to measure CSBC Corp'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 CSBC Corp is operating at the current time. Most of CSBC Corp's value examination focuses on studying past and present price action to predict the probability of CSBC Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSBC Corp's price. Additionally, you may evaluate how the addition of CSBC Corp to your portfolios can decrease your overall portfolio volatility.