President Chain (Taiwan) Market Value
| 2912 Stock | TWD 270.50 0.50 0.18% |
| Symbol | President |
President Chain '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 President Chain'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 President Chain.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in President Chain on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding President Chain Store or generate 0.0% return on investment in President Chain over 30 days. President Chain is related to or competes with Uni President, Formosa Plastics, Chunghwa Telecom, Fubon Financial, and CTBC Financial. President Chain Store Corporation invests in and manages convenience stores, restaurants, drugstores, department stores,... More
President Chain 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 President Chain'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 President Chain Store upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.53 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.65 |
President Chain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for President Chain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as President Chain's standard deviation. In reality, there are many statistical measures that can use President Chain historical prices to predict the future President Chain's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (2.78) |
President Chain Store Backtested Returns
President Chain Store maintains Sharpe Ratio (i.e., Efficiency) of -0.0587, which implies the firm had a -0.0587% return per unit of risk over the last 3 months. President Chain Store exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check President Chain's Risk Adjusted Performance of (0.05), variance of 1.5, and Coefficient Of Variation of (1,490) to confirm the risk estimate we provide. The company holds a Beta of 0.0332, which implies not very significant fluctuations relative to the market. As returns on the market increase, President Chain's returns are expected to increase less than the market. However, during the bear market, the loss of holding President Chain is expected to be smaller as well. At this point, President Chain Store has a negative expected return of -0.0714%. Please make sure to check President Chain's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if President Chain Store performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
President Chain Store has weak reverse predictability. Overlapping area represents the amount of predictability between President Chain time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 President Chain Store price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current President Chain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
President Chain Store lagged returns against current returns
Autocorrelation, which is President Chain 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 President Chain's stock expected returns. We can calculate the autocorrelation of President Chain returns to help us make a trade decision. For example, suppose you find that President Chain 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 |
President Chain 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 President Chain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if President Chain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in President Chain stock over time.
Current vs Lagged Prices |
| Timeline |
President Chain Lagged Returns
When evaluating President Chain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of President Chain stock have on its future price. President Chain 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, President Chain autocorrelation shows the relationship between President Chain stock current value and its past values and can show if there is a momentum factor associated with investing in President Chain Store.
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 President Stock Analysis
When running President Chain's price analysis, check to measure President Chain'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 President Chain is operating at the current time. Most of President Chain's value examination focuses on studying past and present price action to predict the probability of President Chain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move President Chain's price. Additionally, you may evaluate how the addition of President Chain to your portfolios can decrease your overall portfolio volatility.