China Bills (Taiwan) Market Value
| 2820 Stock | TWD 15.25 0.05 0.33% |
| Symbol | China |
China Bills '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 Bills' 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 Bills.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in China Bills on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding China Bills Finance or generate 0.0% return on investment in China Bills over 30 days. China Bills is related to or competes with Central Reinsurance, Huaku Development, Fubon Financial, Chailease Holding, and CTBC Financial. China Bills Finance Corporation provides various financial services in Taiwan More
China Bills 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 Bills' 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 Bills Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4278 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.97 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.6711 |
China Bills Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Bills' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Bills' standard deviation. In reality, there are many statistical measures that can use China Bills historical prices to predict the future China Bills' volatility.| Risk Adjusted Performance | 0.0631 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.5795 |
China Bills Finance Backtested Returns
At this stage we consider China Stock to be very steady. China Bills Finance secures Sharpe Ratio (or Efficiency) of 0.0768, which signifies that the company had a 0.0768% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Bills Finance, which you can use to evaluate the volatility of the firm. Please confirm China Bills' Downside Deviation of 0.4278, risk adjusted performance of 0.0631, and Mean Deviation of 0.2432 to double-check if the risk estimate we provide is consistent with the expected return of 0.0268%. China Bills has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0445, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Bills' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Bills is expected to be smaller as well. China Bills Finance right now shows a risk of 0.35%. Please confirm China Bills Finance downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China Bills Finance will be following its price patterns.
Auto-correlation | 0.22 |
Weak predictability
China Bills Finance has weak predictability. Overlapping area represents the amount of predictability between China Bills time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 China Bills Finance price movement. The serial correlation of 0.22 indicates that over 22.0% of current China Bills price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
China Bills Finance lagged returns against current returns
Autocorrelation, which is China Bills 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 Bills' stock expected returns. We can calculate the autocorrelation of China Bills returns to help us make a trade decision. For example, suppose you find that China Bills 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 Bills 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 Bills stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Bills stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Bills stock over time.
Current vs Lagged Prices |
| Timeline |
China Bills Lagged Returns
When evaluating China Bills' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Bills stock have on its future price. China Bills 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 Bills autocorrelation shows the relationship between China Bills stock current value and its past values and can show if there is a momentum factor associated with investing in China Bills Finance.
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 Bills' price analysis, check to measure China Bills' 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 Bills is operating at the current time. Most of China Bills' value examination focuses on studying past and present price action to predict the probability of China Bills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Bills' price. Additionally, you may evaluate how the addition of China Bills to your portfolios can decrease your overall portfolio volatility.