Chinese Maritime (Taiwan) Market Value
| 2612 Stock | TWD 43.10 0.50 1.17% |
| Symbol | Chinese |
Chinese Maritime '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 Chinese Maritime'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 Chinese Maritime.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Chinese Maritime on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Chinese Maritime Transport or generate 0.0% return on investment in Chinese Maritime over 30 days. Chinese Maritime is related to or competes with U Ming, Sincere Navigation, Taiwan Navigation, Huaku Development, and Formosa International. Chinese Maritime Transport Ltd., through its subsidiaries, operates bulk carriers, and inland container transportation a... More
Chinese Maritime 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 Chinese Maritime'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 Chinese Maritime Transport upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.2 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.3 |
Chinese Maritime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chinese Maritime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chinese Maritime's standard deviation. In reality, there are many statistical measures that can use Chinese Maritime historical prices to predict the future Chinese Maritime's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0151 |
Chinese Maritime Tra Backtested Returns
At this stage we consider Chinese Stock to be very steady. Chinese Maritime Tra secures Sharpe Ratio (or Efficiency) of 0.0455, which signifies that the company had a 0.0455% return per unit of risk over the last 3 months. We have found thirty technical indicators for Chinese Maritime Transport, which you can use to evaluate the volatility of the firm. Please confirm Chinese Maritime's Downside Deviation of 1.68, mean deviation of 1.14, and Risk Adjusted Performance of 0.0111 to double-check if the risk estimate we provide is consistent with the expected return of 0.0753%. Chinese Maritime has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chinese Maritime's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chinese Maritime is expected to be smaller as well. Chinese Maritime Tra right now shows a risk of 1.66%. Please confirm Chinese Maritime Tra downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Chinese Maritime Tra will be following its price patterns.
Auto-correlation | -0.89 |
Excellent reverse predictability
Chinese Maritime Transport has excellent reverse predictability. Overlapping area represents the amount of predictability between Chinese Maritime 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 Chinese Maritime Tra price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Chinese Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.68 |
Chinese Maritime Tra lagged returns against current returns
Autocorrelation, which is Chinese Maritime 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 Chinese Maritime's stock expected returns. We can calculate the autocorrelation of Chinese Maritime returns to help us make a trade decision. For example, suppose you find that Chinese Maritime 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 |
Chinese Maritime 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 Chinese Maritime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chinese Maritime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chinese Maritime stock over time.
Current vs Lagged Prices |
| Timeline |
Chinese Maritime Lagged Returns
When evaluating Chinese Maritime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chinese Maritime stock have on its future price. Chinese Maritime 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, Chinese Maritime autocorrelation shows the relationship between Chinese Maritime stock current value and its past values and can show if there is a momentum factor associated with investing in Chinese Maritime Transport.
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 Chinese Stock Analysis
When running Chinese Maritime's price analysis, check to measure Chinese Maritime'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 Chinese Maritime is operating at the current time. Most of Chinese Maritime's value examination focuses on studying past and present price action to predict the probability of Chinese Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chinese Maritime's price. Additionally, you may evaluate how the addition of Chinese Maritime to your portfolios can decrease your overall portfolio volatility.