Chang Hwa (Taiwan) Market Value
| 2801 Stock | TWD 17.90 0.05 0.28% |
| Symbol | Chang |
Chang Hwa '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 Chang Hwa'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 Chang Hwa.
| 12/21/2024 |
| 03/21/2025 |
If you would invest 0.00 in Chang Hwa on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Chang Hwa Commercial or generate 0.0% return on investment in Chang Hwa over 90 days. Chang Hwa is related to or competes with Hua Nan, First Financial, Sinopac Financial, Taishin Financial, and China Development. Chang Hwa Commercial Bank, Ltd., together with its subsidiaries, provides commercial banking products and services in Ta... More
Chang Hwa 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 Chang Hwa'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 Chang Hwa Commercial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.665 | |||
| Information Ratio | 0.1273 | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.8475 |
Chang Hwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chang Hwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chang Hwa's standard deviation. In reality, there are many statistical measures that can use Chang Hwa historical prices to predict the future Chang Hwa's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0426 | |||
| Sortino Ratio | 0.1062 | |||
| Treynor Ratio | 0.3395 |
Chang Hwa Commercial Backtested Returns
At this stage we consider Chang Stock to be very steady. Chang Hwa Commercial secures Sharpe Ratio (or Efficiency) of 0.0207, which signifies that the company had a 0.0207 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chang Hwa Commercial, which you can use to evaluate the volatility of the firm. Please confirm Chang Hwa's mean deviation of 0.3947, and Risk Adjusted Performance of 0.0032 to double-check if the risk estimate we provide is consistent with the expected return of 0.0118%. Chang Hwa has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0125, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chang Hwa are expected to decrease at a much lower rate. During the bear market, Chang Hwa is likely to outperform the market. Chang Hwa Commercial right now shows a risk of 0.57%. Please confirm Chang Hwa Commercial market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Chang Hwa Commercial will be following its price patterns.
Auto-correlation | -0.54 |
Good reverse predictability
Chang Hwa Commercial has good reverse predictability. Overlapping area represents the amount of predictability between Chang Hwa time series from 21st of December 2024 to 4th of February 2025 and 4th of February 2025 to 21st 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 Chang Hwa Commercial price movement. The serial correlation of -0.54 indicates that about 54.0% of current Chang Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Chang Hwa Commercial lagged returns against current returns
Autocorrelation, which is Chang Hwa 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 Chang Hwa's stock expected returns. We can calculate the autocorrelation of Chang Hwa returns to help us make a trade decision. For example, suppose you find that Chang Hwa 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 |
Chang Hwa 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 Chang Hwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chang Hwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chang Hwa stock over time.
Current vs Lagged Prices |
| Timeline |
Chang Hwa Lagged Returns
When evaluating Chang Hwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chang Hwa stock have on its future price. Chang Hwa 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, Chang Hwa autocorrelation shows the relationship between Chang Hwa stock current value and its past values and can show if there is a momentum factor associated with investing in Chang Hwa Commercial.
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 Chang Stock Analysis
When running Chang Hwa's price analysis, check to measure Chang Hwa'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 Chang Hwa is operating at the current time. Most of Chang Hwa's value examination focuses on studying past and present price action to predict the probability of Chang Hwa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chang Hwa's price. Additionally, you may evaluate how the addition of Chang Hwa to your portfolios can decrease your overall portfolio volatility.