CTBC Financial (Taiwan) Market Value
| 2891B Stock | TWD 61.10 0.10 0.16% |
| Symbol | CTBC |
CTBC Financial '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 CTBC Financial'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 CTBC Financial.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in CTBC Financial on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding CTBC Financial Holding or generate 0.0% return on investment in CTBC Financial over 210 days. CTBC Financial is related to or competes with Fubon Financial, YuantaP Shares, YuantaP Shares, Fubon MSCI, and YuantaP Shares. More
CTBC Financial 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 CTBC Financial'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 CTBC Financial Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2064 | |||
| Information Ratio | (0.95) | |||
| Maximum Drawdown | 0.4945 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.1658 |
CTBC Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTBC Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTBC Financial's standard deviation. In reality, there are many statistical measures that can use CTBC Financial historical prices to predict the future CTBC Financial's volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.51) | |||
| Treynor Ratio | (1.04) |
CTBC Financial Holding Backtested Returns
Currently, CTBC Financial Holding is very steady. CTBC Financial Holding retains Efficiency (Sharpe Ratio) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CTBC Financial, which you can use to evaluate the volatility of the firm. Please confirm CTBC Financial's market risk adjusted performance of (1.03), and Standard Deviation of 0.1101 to double-check if the risk estimate we provide is consistent with the expected return of 0.0213%. CTBC Financial has a performance score of 14 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0096, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CTBC Financial are expected to decrease at a much lower rate. During the bear market, CTBC Financial is likely to outperform the market. CTBC Financial Holding now owns a risk of 0.11%. Please confirm CTBC Financial Holding mean deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if CTBC Financial Holding will be following its current price history.
Auto-correlation | -0.2 |
Insignificant reverse predictability
CTBC Financial Holding has insignificant reverse predictability. Overlapping area represents the amount of predictability between CTBC Financial time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 CTBC Financial Holding price movement. The serial correlation of -0.2 indicates that over 20.0% of current CTBC Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
CTBC Financial Holding lagged returns against current returns
Autocorrelation, which is CTBC Financial 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 CTBC Financial's stock expected returns. We can calculate the autocorrelation of CTBC Financial returns to help us make a trade decision. For example, suppose you find that CTBC Financial 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 |
CTBC Financial 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 CTBC Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTBC Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTBC Financial stock over time.
Current vs Lagged Prices |
| Timeline |
CTBC Financial Lagged Returns
When evaluating CTBC Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTBC Financial stock have on its future price. CTBC Financial 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, CTBC Financial autocorrelation shows the relationship between CTBC Financial stock current value and its past values and can show if there is a momentum factor associated with investing in CTBC Financial Holding.
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 CTBC Stock Analysis
When running CTBC Financial's price analysis, check to measure CTBC Financial'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 CTBC Financial is operating at the current time. Most of CTBC Financial's value examination focuses on studying past and present price action to predict the probability of CTBC Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTBC Financial's price. Additionally, you may evaluate how the addition of CTBC Financial to your portfolios can decrease your overall portfolio volatility.