ChipMOS Technologies' market value is the price at which a share of ChipMOS Technologies trades on a public exchange. It measures the collective expectations of ChipMOS Technologies investors about its performance. ChipMOS Technologies is selling for under 30.90 as of the 9th of January 2025; that is 0.16 percent up since the beginning of the trading day. The stock's lowest day price was 30.9. With this module, you can estimate the performance of a buy and hold strategy of ChipMOS Technologies and determine expected loss or profit from investing in ChipMOS Technologies over a given investment horizon. Check out ChipMOS Technologies Correlation, ChipMOS Technologies Volatility and ChipMOS Technologies Alpha and Beta module to complement your research on ChipMOS Technologies. For more information on how to buy ChipMOS Stock please use our How to Invest in ChipMOS Technologies guide.
Please note, there is a significant difference between ChipMOS Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ChipMOS Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChipMOS Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ChipMOS 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 ChipMOS 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 ChipMOS Technologies.
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01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/09/2025
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If you would invest 0.00 in ChipMOS Technologies on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding ChipMOS Technologies or generate 0.0% return on investment in ChipMOS Technologies over 720 days. ChipMOS Technologies is related to or competes with Chipbond Technology, ASE Industrial, Powertech Technology, King Yuan, and Novatek Microelectronics. ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high integration and high precision integrated c... More
ChipMOS 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 ChipMOS 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 ChipMOS Technologies upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChipMOS Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChipMOS Technologies' standard deviation. In reality, there are many statistical measures that can use ChipMOS Technologies historical prices to predict the future ChipMOS Technologies' volatility.
ChipMOS Technologies secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. ChipMOS Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ChipMOS Technologies' Mean Deviation of 1.04, standard deviation of 1.37, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ChipMOS Technologies are expected to decrease at a much lower rate. During the bear market, ChipMOS Technologies is likely to outperform the market. At this point, ChipMOS Technologies has a negative expected return of -0.26%. Please make sure to confirm ChipMOS Technologies' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if ChipMOS Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.59
Good reverse predictability
ChipMOS Technologies has good reverse predictability. Overlapping area represents the amount of predictability between ChipMOS Technologies time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 ChipMOS Technologies price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current ChipMOS Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.59
Spearman Rank Test
-0.51
Residual Average
0.0
Price Variance
30.03
ChipMOS Technologies lagged returns against current returns
Autocorrelation, which is ChipMOS 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 ChipMOS Technologies' stock expected returns. We can calculate the autocorrelation of ChipMOS Technologies returns to help us make a trade decision. For example, suppose you find that ChipMOS 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
ChipMOS 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 ChipMOS Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChipMOS Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChipMOS Technologies stock over time.
Current vs Lagged Prices
Timeline
ChipMOS Technologies Lagged Returns
When evaluating ChipMOS Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChipMOS Technologies stock have on its future price. ChipMOS 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, ChipMOS Technologies autocorrelation shows the relationship between ChipMOS Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in ChipMOS Technologies.
Regressed Prices
Timeline
Also Currently Popular
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.
When running ChipMOS Technologies' price analysis, check to measure ChipMOS 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 ChipMOS Technologies is operating at the current time. Most of ChipMOS Technologies' value examination focuses on studying past and present price action to predict the probability of ChipMOS Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChipMOS Technologies' price. Additionally, you may evaluate how the addition of ChipMOS Technologies to your portfolios can decrease your overall portfolio volatility.