China Airlines (Taiwan) Market Value
| 2610 Stock | TWD 23.80 0.15 0.63% |
| Symbol | China |
China Airlines '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 China Airlines' 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 China Airlines.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in China Airlines on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding China Airlines or generate 0.0% return on investment in China Airlines over 60 days. China Airlines is related to or competes with Eva Airways, Evergreen Marine, Yang Ming, China Steel, and Cathay Financial. China Airlines, Ltd., together with its subsidiaries, provides passengers and air cargo transportation services More
China Airlines 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 China Airlines' 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 China Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.34 |
China Airlines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Airlines' standard deviation. In reality, there are many statistical measures that can use China Airlines historical prices to predict the future China Airlines' volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | 0.0085 | |||
| Total Risk Alpha | 0.0593 | |||
| Sortino Ratio | 0.0213 | |||
| Treynor Ratio | (0.38) |
China Airlines Backtested Returns
China Airlines secures Sharpe Ratio (or Efficiency) of -0.0496, which signifies that the company had a -0.0496 % return per unit of risk over the last 3 months. China Airlines exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Airlines' Risk Adjusted Performance of 0.0141, downside deviation of 1.51, and Mean Deviation of 1.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.024, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Airlines are expected to decrease at a much lower rate. During the bear market, China Airlines is likely to outperform the market. At this point, China Airlines has a negative expected return of -0.0831%. Please make sure to confirm China Airlines' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if China Airlines performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
China Airlines has good predictability. Overlapping area represents the amount of predictability between China Airlines time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd 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 China Airlines price movement. The serial correlation of 0.77 indicates that around 77.0% of current China Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
China Airlines lagged returns against current returns
Autocorrelation, which is China Airlines 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 China Airlines' stock expected returns. We can calculate the autocorrelation of China Airlines returns to help us make a trade decision. For example, suppose you find that China Airlines 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 |
China Airlines 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 China Airlines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Airlines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Airlines stock over time.
Current vs Lagged Prices |
| Timeline |
China Airlines Lagged Returns
When evaluating China Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Airlines stock have on its future price. China Airlines 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, China Airlines autocorrelation shows the relationship between China Airlines stock current value and its past values and can show if there is a momentum factor associated with investing in China Airlines.
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 China Stock Analysis
When running China Airlines' price analysis, check to measure China Airlines' 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 China Airlines is operating at the current time. Most of China Airlines' value examination focuses on studying past and present price action to predict the probability of China Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Airlines' price. Additionally, you may evaluate how the addition of China Airlines to your portfolios can decrease your overall portfolio volatility.