CHC Healthcare (Taiwan) Market Value
| 4164 Stock | TWD 41.00 0.30 0.74% |
| Symbol | CHC |
CHC Healthcare '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 CHC Healthcare'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 CHC Healthcare.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in CHC Healthcare on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding CHC Healthcare Group or generate 0.0% return on investment in CHC Healthcare over 180 days. CHC Healthcare is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Formosa Petrochemical, Delta Electronics, and Cathay Financial. CHC Healthcare Group, through its subsidiaries, engages in the distribution, repair and maintenance, and lease of the me... More
CHC Healthcare 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 CHC Healthcare'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 CHC Healthcare Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.81 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.46 |
CHC Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHC Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHC Healthcare's standard deviation. In reality, there are many statistical measures that can use CHC Healthcare historical prices to predict the future CHC Healthcare's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.38) |
CHC Healthcare Group Backtested Returns
CHC Healthcare Group retains Efficiency (Sharpe Ratio) of -0.0643, which signifies that the company had a -0.0643% return per unit of risk over the last 3 months. CHC Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHC Healthcare's market risk adjusted performance of (0.37), and Variance of 4.3 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHC Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHC Healthcare is expected to be smaller as well. At this point, CHC Healthcare Group has a negative expected return of -0.13%. Please make sure to confirm CHC Healthcare's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if CHC Healthcare Group performance from the past will be repeated at some future date.
Auto-correlation | 0.48 |
Average predictability
CHC Healthcare Group has average predictability. Overlapping area represents the amount of predictability between CHC Healthcare time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 CHC Healthcare Group price movement. The serial correlation of 0.48 indicates that about 48.0% of current CHC Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 3.87 |
CHC Healthcare Group lagged returns against current returns
Autocorrelation, which is CHC Healthcare 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 CHC Healthcare's stock expected returns. We can calculate the autocorrelation of CHC Healthcare returns to help us make a trade decision. For example, suppose you find that CHC Healthcare 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 |
CHC Healthcare 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 CHC Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHC Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHC Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
CHC Healthcare Lagged Returns
When evaluating CHC Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHC Healthcare stock have on its future price. CHC Healthcare 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, CHC Healthcare autocorrelation shows the relationship between CHC Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in CHC Healthcare Group.
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 CHC Stock Analysis
When running CHC Healthcare's price analysis, check to measure CHC Healthcare'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 CHC Healthcare is operating at the current time. Most of CHC Healthcare's value examination focuses on studying past and present price action to predict the probability of CHC Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHC Healthcare's price. Additionally, you may evaluate how the addition of CHC Healthcare to your portfolios can decrease your overall portfolio volatility.