Chenming Mold (Taiwan) Market Value

3013 Stock  TWD 133.50  2.50  1.84%   
Chenming Mold's market value is the price at which a share of Chenming Mold trades on a public exchange. It measures the collective expectations of Chenming Mold Industrial investors about its performance. Chenming Mold is selling for under 133.50 as of the 4th of March 2025; that is 1.84% down since the beginning of the trading day. The stock's lowest day price was 133.0.
With this module, you can estimate the performance of a buy and hold strategy of Chenming Mold Industrial and determine expected loss or profit from investing in Chenming Mold over a given investment horizon. Check out Chenming Mold Correlation, Chenming Mold Volatility and Chenming Mold Alpha and Beta module to complement your research on Chenming Mold.
Symbol

Please note, there is a significant difference between Chenming Mold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chenming Mold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chenming Mold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Chenming Mold '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 Chenming Mold'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 Chenming Mold.
0.00
03/15/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/04/2025
0.00
If you would invest  0.00  in Chenming Mold on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding Chenming Mold Industrial or generate 0.0% return on investment in Chenming Mold over 720 days. Chenming Mold is related to or competes with Clevo, Zinwell, Min Aik, Promise Technology, and Spirox Corp. Chenming Mold Ind. Corporation manufactures and sells various mechanical parts in Asia and North America. More

Chenming Mold 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 Chenming Mold'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 Chenming Mold Industrial upside and downside potential and time the market with a certain degree of confidence.

Chenming Mold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chenming Mold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chenming Mold's standard deviation. In reality, there are many statistical measures that can use Chenming Mold historical prices to predict the future Chenming Mold's volatility.
Hype
Prediction
LowEstimatedHigh
130.29133.50136.71
Details
Intrinsic
Valuation
LowRealHigh
112.50115.71146.85
Details
Naive
Forecast
LowNextHigh
148.61151.82155.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
121.44138.37155.29
Details

Chenming Mold Industrial Backtested Returns

Chenming Mold Industrial secures Sharpe Ratio (or Efficiency) of -0.0358, which signifies that the company had a -0.0358 % return per unit of standard deviation over the last 3 months. Chenming Mold Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chenming Mold's mean deviation of 2.25, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chenming Mold are expected to decrease at a much lower rate. During the bear market, Chenming Mold is likely to outperform the market. At this point, Chenming Mold Industrial has a negative expected return of -0.12%. Please make sure to confirm Chenming Mold's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Chenming Mold Industrial performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.81  

Very good predictability

Chenming Mold Industrial has very good predictability. Overlapping area represents the amount of predictability between Chenming Mold time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th 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 Chenming Mold Industrial price movement. The serial correlation of 0.81 indicates that around 81.0% of current Chenming Mold price fluctuation can be explain by its past prices.
Correlation Coefficient0.81
Spearman Rank Test0.71
Residual Average0.0
Price Variance1011.24

Chenming Mold Industrial lagged returns against current returns

Autocorrelation, which is Chenming Mold 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 Chenming Mold's stock expected returns. We can calculate the autocorrelation of Chenming Mold returns to help us make a trade decision. For example, suppose you find that Chenming Mold 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  

Chenming Mold 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 Chenming Mold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chenming Mold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chenming Mold stock over time.
   Current vs Lagged Prices   
       Timeline  

Chenming Mold Lagged Returns

When evaluating Chenming Mold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chenming Mold stock have on its future price. Chenming Mold 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, Chenming Mold autocorrelation shows the relationship between Chenming Mold stock current value and its past values and can show if there is a momentum factor associated with investing in Chenming Mold Industrial.
   Regressed Prices   
       Timeline  

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Additional Tools for Chenming Stock Analysis

When running Chenming Mold's price analysis, check to measure Chenming Mold'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 Chenming Mold is operating at the current time. Most of Chenming Mold's value examination focuses on studying past and present price action to predict the probability of Chenming Mold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chenming Mold's price. Additionally, you may evaluate how the addition of Chenming Mold to your portfolios can decrease your overall portfolio volatility.