Coremax Corp (Taiwan) Market Value
| 4739 Stock | TWD 53.90 1.20 2.18% |
| Symbol | Coremax |
Coremax Corp '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 Coremax Corp'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 Coremax Corp.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Coremax Corp on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Coremax Corp or generate 0.0% return on investment in Coremax Corp over 90 days. Coremax Corp is related to or competes with Mechema Chemicals, China Steel, Delta Electronics, Hota Industrial, and Nuvoton Technology. Coremax Corporation researches, develops, produces, manufactures, and sells metal-based specialty chemicals and electron... More
Coremax Corp 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 Coremax Corp'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 Coremax Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.31 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.82 |
Coremax Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coremax Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coremax Corp's standard deviation. In reality, there are many statistical measures that can use Coremax Corp historical prices to predict the future Coremax Corp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0897 | |||
| Treynor Ratio | (0.59) |
Coremax Corp Backtested Returns
Coremax Corp secures Sharpe Ratio (or Efficiency) of -0.0739, which signifies that the company had a -0.0739 % return per unit of risk over the last 3 months. Coremax Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coremax Corp's Mean Deviation of 1.25, standard deviation of 1.94, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coremax Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coremax Corp is expected to be smaller as well. At this point, Coremax Corp has a negative expected return of -0.14%. Please make sure to confirm Coremax Corp's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Coremax Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Coremax Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Coremax Corp time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Coremax Corp price movement. The serial correlation of -0.66 indicates that around 66.0% of current Coremax Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 7.8 |
Coremax Corp lagged returns against current returns
Autocorrelation, which is Coremax Corp 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 Coremax Corp's stock expected returns. We can calculate the autocorrelation of Coremax Corp returns to help us make a trade decision. For example, suppose you find that Coremax Corp 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 |
Coremax Corp 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 Coremax Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coremax Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coremax Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Coremax Corp Lagged Returns
When evaluating Coremax Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coremax Corp stock have on its future price. Coremax Corp 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, Coremax Corp autocorrelation shows the relationship between Coremax Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Coremax Corp.
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 Coremax Stock Analysis
When running Coremax Corp's price analysis, check to measure Coremax Corp'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 Coremax Corp is operating at the current time. Most of Coremax Corp's value examination focuses on studying past and present price action to predict the probability of Coremax Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coremax Corp's price. Additionally, you may evaluate how the addition of Coremax Corp to your portfolios can decrease your overall portfolio volatility.