Chenbro Micom (Taiwan) Market Value

8210 Stock  TWD 298.00  3.00  1.02%   
Chenbro Micom's market value is the price at which a share of Chenbro Micom trades on a public exchange. It measures the collective expectations of Chenbro Micom Co investors about its performance. Chenbro Micom is selling for under 298.00 as of the 4th of December 2024; that is 1.02 percent increase since the beginning of the trading day. The stock's lowest day price was 294.5.
With this module, you can estimate the performance of a buy and hold strategy of Chenbro Micom Co and determine expected loss or profit from investing in Chenbro Micom over a given investment horizon. Check out Chenbro Micom Correlation, Chenbro Micom Volatility and Chenbro Micom Alpha and Beta module to complement your research on Chenbro Micom.
Symbol

Please note, there is a significant difference between Chenbro Micom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chenbro Micom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chenbro Micom's 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.

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.
0.00
11/04/2024
No Change 0.00  0.0 
In 31 days
12/04/2024
0.00
If you would invest  0.00  in Chenbro Micom on November 4, 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 Taiwan Semiconductor, Yang Ming, AU Optronics, Nan Ya, and Chunghwa Telecom. 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.

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.
Hype
Prediction
LowEstimatedHigh
295.72298.00300.28
Details
Intrinsic
Valuation
LowRealHigh
243.63245.91327.80
Details
Naive
Forecast
LowNextHigh
296.50298.78301.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
288.71293.66298.61
Details

Chenbro Micom Backtested Returns

At this stage we consider Chenbro Stock to be very steady. Chenbro Micom secures Sharpe Ratio (or Efficiency) of 0.0848, which signifies that the company had a 0.0848% 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 risk adjusted performance of 0.0289, and Mean Deviation of 1.74 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Chenbro Micom has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0261, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chenbro Micom are expected to decrease at a much lower rate. During the bear market, Chenbro Micom is likely to outperform the market. Chenbro Micom right now shows a risk of 2.28%. 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

    
  -0.27  

Weak reverse predictability

Chenbro Micom Co has weak reverse predictability. Overlapping area represents the amount of predictability between Chenbro Micom time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 -0.27 indicates that nearly 27.0% of current Chenbro Micom price fluctuation can be explain by its past prices.
Correlation Coefficient-0.27
Spearman Rank Test0.55
Residual Average0.0
Price Variance26.98

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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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.