I Chiun's market value is the price at which a share of I Chiun trades on a public exchange. It measures the collective expectations of I Chiun Precision Industry investors about its performance. I Chiun is selling for under 103.50 as of the 18th of January 2025; that is 0.48 percent decrease since the beginning of the trading day. The stock's lowest day price was 102.5. With this module, you can estimate the performance of a buy and hold strategy of I Chiun Precision Industry and determine expected loss or profit from investing in I Chiun over a given investment horizon. Check out I Chiun Correlation, I Chiun Volatility and I Chiun Alpha and Beta module to complement your research on I Chiun.
Please note, there is a significant difference between I Chiun's value and its price as these two are different measures arrived at by different means. Investors typically determine if I Chiun is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, I Chiun's 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.
I Chiun '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 I Chiun'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 I Chiun.
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12/19/2024
No Change 0.00
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In 31 days
01/18/2025
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If you would invest 0.00 in I Chiun on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding I Chiun Precision Industry or generate 0.0% return on investment in I Chiun over 30 days. I Chiun is related to or competes with Everlight Electronics, Tyntek Corp, Optotech Corp, Bright Led, and Amtran Technology. I-Chiun Precision Industry Co., Ltd. develops and sells high-tech precision electronics and related applications worldwi... More
I Chiun 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 I Chiun'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 I Chiun Precision Industry 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 I Chiun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I Chiun's standard deviation. In reality, there are many statistical measures that can use I Chiun historical prices to predict the future I Chiun's volatility.
I Chiun Precision retains Efficiency (Sharpe Ratio) of -0.0502, which attests that the company had a -0.0502% return per unit of return volatility over the last 3 months. I Chiun exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out I Chiun's Market Risk Adjusted Performance of 0.8857, standard deviation of 3.47, and Coefficient Of Variation of (1,718) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning I Chiun are expected to decrease at a much lower rate. During the bear market, I Chiun is likely to outperform the market. At this point, I Chiun Precision has a negative expected return of -0.18%. Please make sure to check out I Chiun's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if I Chiun Precision performance from the past will be repeated sooner or later.
Auto-correlation
-0.71
Almost perfect reverse predictability
I Chiun Precision Industry has almost perfect reverse predictability. Overlapping area represents the amount of predictability between I Chiun time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 I Chiun Precision price movement. The serial correlation of -0.71 indicates that around 71.0% of current I Chiun price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.67
Residual Average
0.0
Price Variance
10.14
I Chiun Precision lagged returns against current returns
Autocorrelation, which is I Chiun 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 I Chiun's stock expected returns. We can calculate the autocorrelation of I Chiun returns to help us make a trade decision. For example, suppose you find that I Chiun 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
I Chiun 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 I Chiun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I Chiun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I Chiun stock over time.
Current vs Lagged Prices
Timeline
I Chiun Lagged Returns
When evaluating I Chiun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I Chiun stock have on its future price. I Chiun 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, I Chiun autocorrelation shows the relationship between I Chiun stock current value and its past values and can show if there is a momentum factor associated with investing in I Chiun Precision Industry.
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 I Chiun's price analysis, check to measure I Chiun'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 I Chiun is operating at the current time. Most of I Chiun's value examination focuses on studying past and present price action to predict the probability of I Chiun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move I Chiun's price. Additionally, you may evaluate how the addition of I Chiun to your portfolios can decrease your overall portfolio volatility.