China Television (Taiwan) Market Value
| 9928 Stock | TWD 17.90 0.10 0.56% |
| Symbol | China |
China Television '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 China Television'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 China Television.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in China Television on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding China Television Co or generate 0.0% return on investment in China Television over 360 days. China Television is related to or competes with Choice Development, Ton Yi, Taiwan Sakura, Thye Ming, and Taiwan Fu. China Television Company, Ltd. engages in the television broadcast business in Taiwan More
China Television 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 China Television'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 China Television Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 10.15 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.56 |
China Television Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Television's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Television's standard deviation. In reality, there are many statistical measures that can use China Television historical prices to predict the future China Television's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (1.24) |
China Television Backtested Returns
China Television secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. China Television Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Television's Mean Deviation of 0.8688, standard deviation of 1.42, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Television's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Television is expected to be smaller as well. At this point, China Television has a negative expected return of -0.18%. Please make sure to confirm China Television's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if China Television performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
China Television Co has very weak predictability. Overlapping area represents the amount of predictability between China Television time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 China Television price movement. The serial correlation of 0.17 indicates that over 17.0% of current China Television price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.44 |
China Television lagged returns against current returns
Autocorrelation, which is China Television 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 China Television's stock expected returns. We can calculate the autocorrelation of China Television returns to help us make a trade decision. For example, suppose you find that China Television 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 |
China Television 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 China Television stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Television stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Television stock over time.
Current vs Lagged Prices |
| Timeline |
China Television Lagged Returns
When evaluating China Television's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Television stock have on its future price. China Television 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, China Television autocorrelation shows the relationship between China Television stock current value and its past values and can show if there is a momentum factor associated with investing in China Television Co.
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.Additional Tools for China Stock Analysis
When running China Television's price analysis, check to measure China Television'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 China Television is operating at the current time. Most of China Television's value examination focuses on studying past and present price action to predict the probability of China Television's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Television's price. Additionally, you may evaluate how the addition of China Television to your portfolios can decrease your overall portfolio volatility.