Chialin Precision (Taiwan) Market Value
| 3310 Stock | TWD 96.30 0.20 0.21% |
| Symbol | Chialin |
Chialin Precision '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 Chialin Precision'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 Chialin Precision.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Chialin Precision on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Chialin Precision Industrial or generate 0.0% return on investment in Chialin Precision over 60 days. Chialin Precision is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, E Ink, Yageo Corp, Pegatron Corp, and AU Optronics. More
Chialin Precision 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 Chialin Precision'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 Chialin Precision Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.1374 | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.75 |
Chialin Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chialin Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chialin Precision's standard deviation. In reality, there are many statistical measures that can use Chialin Precision historical prices to predict the future Chialin Precision's volatility.| Risk Adjusted Performance | 0.1303 | |||
| Jensen Alpha | 0.1667 | |||
| Total Risk Alpha | 0.1507 | |||
| Sortino Ratio | 0.1105 | |||
| Treynor Ratio | 1.66 |
Chialin Precision Backtested Returns
At this stage we consider Chialin Stock to be very steady. Chialin Precision secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chialin Precision Industrial, which you can use to evaluate the volatility of the firm. Please confirm Chialin Precision's Risk Adjusted Performance of 0.1303, downside deviation of 1.41, and Mean Deviation of 0.7555 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Chialin Precision has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chialin Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chialin Precision is expected to be smaller as well. Chialin Precision right now shows a risk of 1.16%. Please confirm Chialin Precision mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Chialin Precision will be following its price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Chialin Precision Industrial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chialin Precision time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Chialin Precision price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Chialin Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 5.93 |
Chialin Precision lagged returns against current returns
Autocorrelation, which is Chialin Precision 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 Chialin Precision's stock expected returns. We can calculate the autocorrelation of Chialin Precision returns to help us make a trade decision. For example, suppose you find that Chialin Precision 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 |
Chialin Precision 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 Chialin Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chialin Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chialin Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Chialin Precision Lagged Returns
When evaluating Chialin Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chialin Precision stock have on its future price. Chialin Precision 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, Chialin Precision autocorrelation shows the relationship between Chialin Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Chialin Precision Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Chialin Precision
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chialin Precision position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chialin Precision will appreciate offsetting losses from the drop in the long position's value.Moving together with Chialin Stock
Moving against Chialin Stock
| 0.89 | 1303 | Nan Ya Plastics | PairCorr |
| 0.82 | 8069 | E Ink Holdings | PairCorr |
| 0.8 | 2409 | AU Optronics | PairCorr |
| 0.77 | 2317 | Hon Hai Precision | PairCorr |
| 0.75 | 4938 | Pegatron Corp | PairCorr |
The ability to find closely correlated positions to Chialin Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chialin Precision when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chialin Precision - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chialin Precision Industrial to buy it.
The correlation of Chialin Precision is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chialin Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chialin Precision moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chialin Precision can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Chialin Stock Analysis
When running Chialin Precision's price analysis, check to measure Chialin Precision'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 Chialin Precision is operating at the current time. Most of Chialin Precision's value examination focuses on studying past and present price action to predict the probability of Chialin Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chialin Precision's price. Additionally, you may evaluate how the addition of Chialin Precision to your portfolios can decrease your overall portfolio volatility.