Choice Development (Taiwan) Market Value
| 9929 Stock | TWD 15.90 0.05 0.31% |
| Symbol | Choice |
Choice Development '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 Choice Development'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 Choice Development.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Choice Development on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Choice Development or generate 0.0% return on investment in Choice Development over 720 days. Choice Development is related to or competes with Yang Ming, Wan Hai, U Ming, Taiwan Navigation, and China Airlines. Choice Development, Inc., doing business as Choice Printing Group, operates as a commercial publications printer in Taiw... More
Choice Development 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 Choice Development'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 Choice Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 2.89 |
Choice Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Choice Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Choice Development's standard deviation. In reality, there are many statistical measures that can use Choice Development historical prices to predict the future Choice Development's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.02) |
Choice Development Backtested Returns
Choice Development secures Sharpe Ratio (or Efficiency) of -0.0326, which signifies that the company had a -0.0326% return per unit of risk over the last 3 months. Choice Development exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Choice Development's Mean Deviation of 1.02, insignificant risk adjusted performance, and Standard Deviation of 1.56 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Choice Development returns are very sensitive to returns on the market. As the market goes up or down, Choice Development is expected to follow. At this point, Choice Development has a negative expected return of -0.0488%. Please make sure to confirm Choice Development's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Choice Development performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Choice Development has very weak reverse predictability. Overlapping area represents the amount of predictability between Choice Development time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Choice Development price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Choice Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Choice Development lagged returns against current returns
Autocorrelation, which is Choice Development 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 Choice Development's stock expected returns. We can calculate the autocorrelation of Choice Development returns to help us make a trade decision. For example, suppose you find that Choice Development 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 |
Choice Development 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 Choice Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Choice Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Choice Development stock over time.
Current vs Lagged Prices |
| Timeline |
Choice Development Lagged Returns
When evaluating Choice Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Choice Development stock have on its future price. Choice Development 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, Choice Development autocorrelation shows the relationship between Choice Development stock current value and its past values and can show if there is a momentum factor associated with investing in Choice Development.
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 Choice Stock Analysis
When running Choice Development's price analysis, check to measure Choice Development'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 Choice Development is operating at the current time. Most of Choice Development's value examination focuses on studying past and present price action to predict the probability of Choice Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Choice Development's price. Additionally, you may evaluate how the addition of Choice Development to your portfolios can decrease your overall portfolio volatility.