CHINA DEVELOPMENT (Taiwan) Market Value
| 2883B Stock | 7.81 0.01 0.13% |
| Symbol | CHINA |
CHINA DEVELOPMENT '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 DEVELOPMENT'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 CHINA DEVELOPMENT.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in CHINA DEVELOPMENT on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding CHINA DEVELOPMENT FINANCIAL or generate 0.0% return on investment in CHINA DEVELOPMENT over 30 days. CHINA DEVELOPMENT is related to or competes with Fubon Financial, CTBC Financial, YuantaP Shares, YuantaP Shares, Fubon MSCI, and YuantaP Shares. More
CHINA DEVELOPMENT 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 DEVELOPMENT'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 CHINA DEVELOPMENT FINANCIAL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5076 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.6536 |
CHINA DEVELOPMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA DEVELOPMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA DEVELOPMENT's standard deviation. In reality, there are many statistical measures that can use CHINA DEVELOPMENT historical prices to predict the future CHINA DEVELOPMENT's volatility.| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 0.0563 | |||
| Total Risk Alpha | 0.0042 | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.4608 |
CHINA DEVELOPMENT Backtested Returns
Currently, CHINA DEVELOPMENT FINANCIAL is very steady. CHINA DEVELOPMENT secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for CHINA DEVELOPMENT FINANCIAL, which you can use to evaluate the volatility of the firm. Please confirm CHINA DEVELOPMENT's Semi Deviation of 0.1841, risk adjusted performance of 0.1312, and Mean Deviation of 0.2918 to double-check if the risk estimate we provide is consistent with the expected return of 0.0909%. CHINA DEVELOPMENT has a performance score of 15 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, CHINA DEVELOPMENT's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHINA DEVELOPMENT is expected to be smaller as well. CHINA DEVELOPMENT at this time shows a risk of 0.45%. Please confirm CHINA DEVELOPMENT mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if CHINA DEVELOPMENT will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
CHINA DEVELOPMENT FINANCIAL has very good reverse predictability. Overlapping area represents the amount of predictability between CHINA DEVELOPMENT time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 DEVELOPMENT price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current CHINA DEVELOPMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CHINA DEVELOPMENT lagged returns against current returns
Autocorrelation, which is CHINA DEVELOPMENT 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 DEVELOPMENT's stock expected returns. We can calculate the autocorrelation of CHINA DEVELOPMENT returns to help us make a trade decision. For example, suppose you find that CHINA DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA DEVELOPMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA DEVELOPMENT stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA DEVELOPMENT Lagged Returns
When evaluating CHINA DEVELOPMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA DEVELOPMENT stock have on its future price. CHINA DEVELOPMENT 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 DEVELOPMENT autocorrelation shows the relationship between CHINA DEVELOPMENT stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA DEVELOPMENT FINANCIAL.
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 DEVELOPMENT's price analysis, check to measure CHINA DEVELOPMENT'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 CHINA DEVELOPMENT is operating at the current time. Most of CHINA DEVELOPMENT's value examination focuses on studying past and present price action to predict the probability of CHINA DEVELOPMENT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHINA DEVELOPMENT's price. Additionally, you may evaluate how the addition of CHINA DEVELOPMENT to your portfolios can decrease your overall portfolio volatility.