CKM Building (Taiwan) Market Value
| 8930 Stock | TWD 35.85 0.15 0.42% |
| Symbol | CKM |
CKM Building '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 CKM Building'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 CKM Building.
| 07/23/2024 |
| 01/19/2025 |
If you would invest 0.00 in CKM Building on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding CKM Building Material or generate 0.0% return on investment in CKM Building over 180 days. CKM Building is related to or competes with Tait Marketing, Dimerco Data, Highwealth Construction, Te Chang, Transcend Information, Strong H, and New Asia. CKM Applied Materials Corp. develops metal building materials in Taiwan More
CKM Building 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 CKM Building'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 CKM Building Material upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 1.73 |
CKM Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CKM Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CKM Building's standard deviation. In reality, there are many statistical measures that can use CKM Building historical prices to predict the future CKM Building's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.0747 |
CKM Building Material Backtested Returns
At this stage we consider CKM Stock to be very steady. CKM Building Material secures Sharpe Ratio (or Efficiency) of 0.0113, which signifies that the company had a 0.0113% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for CKM Building Material, which you can use to evaluate the volatility of the firm. Please confirm CKM Building's mean deviation of 0.8674, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0143%. The firm shows a Beta (market volatility) of -0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CKM Building are expected to decrease at a much lower rate. During the bear market, CKM Building is likely to outperform the market. CKM Building Material now shows a risk of 1.27%. Please confirm CKM Building Material standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if CKM Building Material will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
CKM Building Material has average predictability. Overlapping area represents the amount of predictability between CKM Building time series from 23rd of July 2024 to 21st of October 2024 and 21st of October 2024 to 19th 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 CKM Building Material price movement. The serial correlation of 0.42 indicates that just about 42.0% of current CKM Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
CKM Building Material lagged returns against current returns
Autocorrelation, which is CKM Building 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 CKM Building's stock expected returns. We can calculate the autocorrelation of CKM Building returns to help us make a trade decision. For example, suppose you find that CKM Building 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 |
CKM Building 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 CKM Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CKM Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CKM Building stock over time.
Current vs Lagged Prices |
| Timeline |
CKM Building Lagged Returns
When evaluating CKM Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CKM Building stock have on its future price. CKM Building 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, CKM Building autocorrelation shows the relationship between CKM Building stock current value and its past values and can show if there is a momentum factor associated with investing in CKM Building Material.
Regressed Prices |
| Timeline |
Pair Trading with CKM Building
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 CKM Building 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 CKM Building will appreciate offsetting losses from the drop in the long position's value.Moving against CKM Stock
The ability to find closely correlated positions to CKM Building could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CKM Building 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 CKM Building - 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 CKM Building Material to buy it.
The correlation of CKM Building 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 CKM Building moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CKM Building Material 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 CKM Building 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 CKM Stock Analysis
When running CKM Building's price analysis, check to measure CKM Building'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 CKM Building is operating at the current time. Most of CKM Building's value examination focuses on studying past and present price action to predict the probability of CKM Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CKM Building's price. Additionally, you may evaluate how the addition of CKM Building to your portfolios can decrease your overall portfolio volatility.