CVC Technologies (Taiwan) Market Value
| 4744 Stock | TWD 23.15 0.20 0.86% |
| Symbol | CVC |
CVC Technologies '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 CVC Technologies' 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 CVC Technologies.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in CVC Technologies on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding CVC Technologies or generate 0.0% return on investment in CVC Technologies over 30 days. CVC Technologies is related to or competes with Golden Friends, Sunonwealth Electric, Rechi Precision, Fittech, C Sun, Symtek Automation, and Nova Technology. More
CVC Technologies 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 CVC Technologies' 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 CVC Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0066 | |||
| Maximum Drawdown | 15.7 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 4.55 |
CVC Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CVC Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CVC Technologies' standard deviation. In reality, there are many statistical measures that can use CVC Technologies historical prices to predict the future CVC Technologies' volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.0271 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | (4.59) |
CVC Technologies Backtested Returns
At this stage we consider CVC Stock to be not too volatile. CVC Technologies retains Efficiency (Sharpe Ratio) of 0.0247, which signifies that the company had a 0.0247% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CVC Technologies, which you can use to evaluate the volatility of the firm. Please confirm CVC Technologies' market risk adjusted performance of (4.58), and Coefficient Of Variation of 6000.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.0561%. CVC Technologies has a performance score of 1 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0059, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CVC Technologies are expected to decrease at a much lower rate. During the bear market, CVC Technologies is likely to outperform the market. CVC Technologies now owns a risk of 2.27%. Please confirm CVC Technologies mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if CVC Technologies will be following its current price history.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
CVC Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CVC Technologies time series from 5th of December 2024 to 20th of December 2024 and 20th 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 CVC Technologies price movement. The serial correlation of -0.78 indicates that around 78.0% of current CVC Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
CVC Technologies lagged returns against current returns
Autocorrelation, which is CVC Technologies 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 CVC Technologies' stock expected returns. We can calculate the autocorrelation of CVC Technologies returns to help us make a trade decision. For example, suppose you find that CVC Technologies 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 |
CVC Technologies 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 CVC Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CVC Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CVC Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
CVC Technologies Lagged Returns
When evaluating CVC Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CVC Technologies stock have on its future price. CVC Technologies 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, CVC Technologies autocorrelation shows the relationship between CVC Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in CVC Technologies.
Regressed Prices |
| Timeline |
Pair Trading with CVC Technologies
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 CVC Technologies 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 CVC Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against CVC Stock
| 0.72 | 6613 | Nova Technology | PairCorr |
| 0.65 | 3552 | Tung Thih Electronic | PairCorr |
| 0.57 | 6763 | Green World Fintech | PairCorr |
| 0.53 | 4506 | Golden Friends | PairCorr |
| 0.45 | 6438 | Symtek Automation Asia | PairCorr |
The ability to find closely correlated positions to CVC Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVC Technologies 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 CVC Technologies - 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 CVC Technologies to buy it.
The correlation of CVC Technologies 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 CVC Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVC Technologies 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 CVC Technologies 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 CVC Stock Analysis
When running CVC Technologies' price analysis, check to measure CVC Technologies' 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 CVC Technologies is operating at the current time. Most of CVC Technologies' value examination focuses on studying past and present price action to predict the probability of CVC Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVC Technologies' price. Additionally, you may evaluate how the addition of CVC Technologies to your portfolios can decrease your overall portfolio volatility.