Chaun Choung (Taiwan) Market Value
| 6230 Stock | TWD 206.50 6.00 2.82% |
| Symbol | Chaun |
Chaun Choung '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 Chaun Choung'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 Chaun Choung.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Chaun Choung on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Chaun Choung Technology Corp or generate 0.0% return on investment in Chaun Choung over 90 days. Chaun Choung is related to or competes with Flexium Interconnect, Asia Vital, Elite Material, Auras Technology, and ITEQ Corp. Chaun-Choung Technology Corp. provides thermal management products worldwide More
Chaun Choung 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 Chaun Choung'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 Chaun Choung Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.69 |
Chaun Choung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chaun Choung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chaun Choung's standard deviation. In reality, there are many statistical measures that can use Chaun Choung historical prices to predict the future Chaun Choung's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (9.18) |
Chaun Choung Technology Backtested Returns
Chaun Choung Technology secures Sharpe Ratio (or Efficiency) of -0.0599, which signifies that the company had a -0.0599% return per unit of standard deviation over the last 3 months. Chaun Choung Technology Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chaun Choung's mean deviation of 1.83, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0161, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chaun Choung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chaun Choung is expected to be smaller as well. At this point, Chaun Choung Technology has a negative expected return of -0.14%. Please make sure to confirm Chaun Choung's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Chaun Choung Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Chaun Choung Technology Corp has average predictability. Overlapping area represents the amount of predictability between Chaun Choung time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Chaun Choung Technology price movement. The serial correlation of 0.47 indicates that about 47.0% of current Chaun Choung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 31.61 |
Chaun Choung Technology lagged returns against current returns
Autocorrelation, which is Chaun Choung 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 Chaun Choung's stock expected returns. We can calculate the autocorrelation of Chaun Choung returns to help us make a trade decision. For example, suppose you find that Chaun Choung 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 |
Chaun Choung 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 Chaun Choung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chaun Choung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chaun Choung stock over time.
Current vs Lagged Prices |
| Timeline |
Chaun Choung Lagged Returns
When evaluating Chaun Choung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chaun Choung stock have on its future price. Chaun Choung 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, Chaun Choung autocorrelation shows the relationship between Chaun Choung stock current value and its past values and can show if there is a momentum factor associated with investing in Chaun Choung Technology 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 Chaun Stock Analysis
When running Chaun Choung's price analysis, check to measure Chaun Choung'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 Chaun Choung is operating at the current time. Most of Chaun Choung's value examination focuses on studying past and present price action to predict the probability of Chaun Choung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chaun Choung's price. Additionally, you may evaluate how the addition of Chaun Choung to your portfolios can decrease your overall portfolio volatility.