Chenbro Micom (Taiwan) Market Value
| 8210 Stock | TWD 287.50 24.00 7.70% |
| Symbol | Chenbro |
Chenbro Micom '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 Chenbro Micom'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 Chenbro Micom.
| 11/10/2024 |
| 12/10/2024 |
If you would invest 0.00 in Chenbro Micom on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Chenbro Micom Co or generate 0.0% return on investment in Chenbro Micom over 30 days. Chenbro Micom is related to or competes with Getac Technology, ASRock, Elite Material, Topco Scientific, and Greatek Electronics. Chenbro Micom Co., Ltd. engages in the design, manufacture, processing, and trading of computer peripherals and systems More
Chenbro Micom 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 Chenbro Micom'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 Chenbro Micom Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 12.34 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 4.24 |
Chenbro Micom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chenbro Micom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chenbro Micom's standard deviation. In reality, there are many statistical measures that can use Chenbro Micom historical prices to predict the future Chenbro Micom's volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1371 |
Chenbro Micom Backtested Returns
At this stage we consider Chenbro Stock to be very steady. Chenbro Micom secures Sharpe Ratio (or Efficiency) of 0.0512, which signifies that the company had a 0.0512% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chenbro Micom Co, which you can use to evaluate the volatility of the firm. Please confirm Chenbro Micom's mean deviation of 1.79, and Risk Adjusted Performance of 0.0475 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Chenbro Micom has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Chenbro Micom returns are very sensitive to returns on the market. As the market goes up or down, Chenbro Micom is expected to follow. Chenbro Micom right now shows a risk of 2.53%. Please confirm Chenbro Micom semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Chenbro Micom will be following its price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Chenbro Micom Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chenbro Micom time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th 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 Chenbro Micom price movement. The serial correlation of -0.16 indicates that over 16.0% of current Chenbro Micom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 64.01 |
Chenbro Micom lagged returns against current returns
Autocorrelation, which is Chenbro Micom 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 Chenbro Micom's stock expected returns. We can calculate the autocorrelation of Chenbro Micom returns to help us make a trade decision. For example, suppose you find that Chenbro Micom 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 |
Chenbro Micom 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 Chenbro Micom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chenbro Micom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chenbro Micom stock over time.
Current vs Lagged Prices |
| Timeline |
Chenbro Micom Lagged Returns
When evaluating Chenbro Micom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chenbro Micom stock have on its future price. Chenbro Micom 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, Chenbro Micom autocorrelation shows the relationship between Chenbro Micom stock current value and its past values and can show if there is a momentum factor associated with investing in Chenbro Micom Co.
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 Chenbro Stock Analysis
When running Chenbro Micom's price analysis, check to measure Chenbro Micom'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 Chenbro Micom is operating at the current time. Most of Chenbro Micom's value examination focuses on studying past and present price action to predict the probability of Chenbro Micom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chenbro Micom's price. Additionally, you may evaluate how the addition of Chenbro Micom to your portfolios can decrease your overall portfolio volatility.