Chen Full (Taiwan) Market Value
| 8383 Stock | TWD 44.95 0.15 0.33% |
| Symbol | Chen |
Chen Full '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 Chen Full'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 Chen Full.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Chen Full on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Chen Full International or generate 0.0% return on investment in Chen Full over 30 days. Chen Full is related to or competes with China Steel, Taiwan Secom, Taiwan Hon, China Ecotek, and CHC Resources. ChenFull International Co., Ltd. engages in engineering and machinery businesses in Taiwan and internationally More
Chen Full 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 Chen Full'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 Chen Full International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.023 | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 2.73 |
Chen Full Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chen Full's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chen Full's standard deviation. In reality, there are many statistical measures that can use Chen Full historical prices to predict the future Chen Full's volatility.| Risk Adjusted Performance | 0.0665 | |||
| Jensen Alpha | 0.0799 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0282 | |||
| Treynor Ratio | 0.2405 |
Chen Full International Backtested Returns
At this stage we consider Chen Stock to be very steady. Chen Full International secures Sharpe Ratio (or Efficiency) of 0.0097, which signifies that the company had a 0.0097% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chen Full International, which you can use to evaluate the volatility of the firm. Please confirm Chen Full's risk adjusted performance of 0.0665, and Mean Deviation of 1.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.0148%. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chen Full's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chen Full is expected to be smaller as well. Chen Full International right now shows a risk of 1.53%. Please confirm Chen Full International market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Chen Full International will be following its price patterns.
Auto-correlation | 0.21 |
Weak predictability
Chen Full International has weak predictability. Overlapping area represents the amount of predictability between Chen Full time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Chen Full International price movement. The serial correlation of 0.21 indicates that over 21.0% of current Chen Full price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
Chen Full International lagged returns against current returns
Autocorrelation, which is Chen Full 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 Chen Full's stock expected returns. We can calculate the autocorrelation of Chen Full returns to help us make a trade decision. For example, suppose you find that Chen Full 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 |
Chen Full 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 Chen Full stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chen Full stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chen Full stock over time.
Current vs Lagged Prices |
| Timeline |
Chen Full Lagged Returns
When evaluating Chen Full's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chen Full stock have on its future price. Chen Full 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, Chen Full autocorrelation shows the relationship between Chen Full stock current value and its past values and can show if there is a momentum factor associated with investing in Chen Full International.
Regressed Prices |
| Timeline |
Pair Trading with Chen Full
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 Chen Full 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 Chen Full will appreciate offsetting losses from the drop in the long position's value.Moving against Chen Stock
| 0.57 | 2059 | King Slide Works | PairCorr |
| 0.53 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.52 | 1504 | TECO Electric Machinery | PairCorr |
| 0.43 | 2609 | Yang Ming Marine | PairCorr |
The ability to find closely correlated positions to Chen Full could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chen Full 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 Chen Full - 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 Chen Full International to buy it.
The correlation of Chen Full 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 Chen Full moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chen Full International 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 Chen Full 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 Chen Stock Analysis
When running Chen Full's price analysis, check to measure Chen Full'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 Chen Full is operating at the current time. Most of Chen Full's value examination focuses on studying past and present price action to predict the probability of Chen Full's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chen Full's price. Additionally, you may evaluate how the addition of Chen Full to your portfolios can decrease your overall portfolio volatility.