Chicony Electronics' market value is the price at which a share of Chicony Electronics trades on a public exchange. It measures the collective expectations of Chicony Electronics Co investors about its performance. Chicony Electronics is selling for under 150.00 as of the 19th of January 2025; that is 1.32 percent decrease since the beginning of the trading day. The stock's lowest day price was 150.0. With this module, you can estimate the performance of a buy and hold strategy of Chicony Electronics Co and determine expected loss or profit from investing in Chicony Electronics over a given investment horizon. Check out Chicony Electronics Correlation, Chicony Electronics Volatility and Chicony Electronics Alpha and Beta module to complement your research on Chicony Electronics.
Please note, there is a significant difference between Chicony Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Chicony Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chicony Electronics' 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.
Chicony Electronics '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 Chicony Electronics' 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 Chicony Electronics.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Chicony Electronics on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Chicony Electronics Co or generate 0.0% return on investment in Chicony Electronics over 30 days. Chicony Electronics is related to or competes with Lite On, Inventec Corp, Compal Electronics, Synnex Technology, and Quanta Computer. Chicony Electronics Co., Ltd. manufactures and sells computer peripheral products in Taiwan and internationally More
Chicony Electronics 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 Chicony Electronics' 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 Chicony Electronics Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chicony Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chicony Electronics' standard deviation. In reality, there are many statistical measures that can use Chicony Electronics historical prices to predict the future Chicony Electronics' volatility.
Chicony Electronics secures Sharpe Ratio (or Efficiency) of -0.0816, which signifies that the company had a -0.0816% return per unit of risk over the last 3 months. Chicony Electronics Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chicony Electronics' Mean Deviation of 1.2, risk adjusted performance of (0.06), and Standard Deviation of 1.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chicony Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Chicony Electronics is expected to be smaller as well. At this point, Chicony Electronics has a negative expected return of -0.14%. Please make sure to confirm Chicony Electronics' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Chicony Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.52
Good reverse predictability
Chicony Electronics Co has good reverse predictability. Overlapping area represents the amount of predictability between Chicony Electronics time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 Chicony Electronics price movement. The serial correlation of -0.52 indicates that about 52.0% of current Chicony Electronics price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.52
Spearman Rank Test
-0.37
Residual Average
0.0
Price Variance
12.54
Chicony Electronics lagged returns against current returns
Autocorrelation, which is Chicony Electronics 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 Chicony Electronics' stock expected returns. We can calculate the autocorrelation of Chicony Electronics returns to help us make a trade decision. For example, suppose you find that Chicony Electronics 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
Chicony Electronics 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 Chicony Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chicony Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chicony Electronics stock over time.
Current vs Lagged Prices
Timeline
Chicony Electronics Lagged Returns
When evaluating Chicony Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chicony Electronics stock have on its future price. Chicony Electronics 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, Chicony Electronics autocorrelation shows the relationship between Chicony Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Chicony Electronics Co.
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.
When running Chicony Electronics' price analysis, check to measure Chicony Electronics' 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 Chicony Electronics is operating at the current time. Most of Chicony Electronics' value examination focuses on studying past and present price action to predict the probability of Chicony Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chicony Electronics' price. Additionally, you may evaluate how the addition of Chicony Electronics to your portfolios can decrease your overall portfolio volatility.