Chipbond Technology (Taiwan) Market Value
| 6147 Stock | TWD 65.70 0.40 0.61% |
| Symbol | Chipbond |
Chipbond Technology '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 Chipbond Technology'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 Chipbond Technology.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Chipbond Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Chipbond Technology or generate 0.0% return on investment in Chipbond Technology over 90 days. Chipbond Technology is related to or competes with Powertech Technology, King Yuan, Novatek Microelectronics, Vanguard International, and WIN Semiconductors. Chipbond Technology Corporation, together with its subsidiaries, provides services for backend assembly processing of LC... More
Chipbond Technology 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 Chipbond Technology'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 Chipbond Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.1432 | |||
| Maximum Drawdown | 6.75 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.39 |
Chipbond Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chipbond Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chipbond Technology's standard deviation. In reality, there are many statistical measures that can use Chipbond Technology historical prices to predict the future Chipbond Technology's volatility.| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | 0.0414 | |||
| Total Risk Alpha | 0.1748 | |||
| Sortino Ratio | 0.1234 | |||
| Treynor Ratio | (4.60) |
Chipbond Technology Backtested Returns
At this stage we consider Chipbond Stock to be very steady. Chipbond Technology secures Sharpe Ratio (or Efficiency) of 0.0668, which signifies that the company had a 0.0668 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Chipbond Technology, which you can use to evaluate the volatility of the firm. Please confirm Chipbond Technology's Downside Deviation of 1.23, risk adjusted performance of 0.0449, and Mean Deviation of 0.7619 to double-check if the risk estimate we provide is consistent with the expected return of 0.0689%. Chipbond Technology has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0092, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chipbond Technology are expected to decrease at a much lower rate. During the bear market, Chipbond Technology is likely to outperform the market. Chipbond Technology right now shows a risk of 1.03%. Please confirm Chipbond Technology downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Chipbond Technology will be following its price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Chipbond Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Chipbond Technology time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Chipbond Technology price movement. The serial correlation of -0.69 indicates that around 69.0% of current Chipbond Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
Chipbond Technology lagged returns against current returns
Autocorrelation, which is Chipbond Technology 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 Chipbond Technology's stock expected returns. We can calculate the autocorrelation of Chipbond Technology returns to help us make a trade decision. For example, suppose you find that Chipbond Technology 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 |
Chipbond Technology 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 Chipbond Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chipbond Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chipbond Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Chipbond Technology Lagged Returns
When evaluating Chipbond Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chipbond Technology stock have on its future price. Chipbond Technology 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, Chipbond Technology autocorrelation shows the relationship between Chipbond Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Chipbond Technology.
Regressed Prices |
| Timeline |
Pair Trading with Chipbond Technology
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 Chipbond Technology 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 Chipbond Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Chipbond Stock
Moving against Chipbond Stock
| 0.53 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.38 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.37 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.34 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to Chipbond Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chipbond Technology 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 Chipbond Technology - 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 Chipbond Technology to buy it.
The correlation of Chipbond Technology 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 Chipbond Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chipbond Technology 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 Chipbond Technology 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 Chipbond Stock Analysis
When running Chipbond Technology's price analysis, check to measure Chipbond Technology'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 Chipbond Technology is operating at the current time. Most of Chipbond Technology's value examination focuses on studying past and present price action to predict the probability of Chipbond Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chipbond Technology's price. Additionally, you may evaluate how the addition of Chipbond Technology to your portfolios can decrease your overall portfolio volatility.