Ching Feng (Taiwan) Market Value
| 9935 Stock | TWD 29.75 1.05 3.41% |
| Symbol | Ching |
Ching Feng '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 Ching Feng'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 Ching Feng.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ching Feng on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Ching Feng Home or generate 0.0% return on investment in Ching Feng over 30 days. Ching Feng is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. ,Ltd designs, develops, manufactures, and markets home decor products in Taiwan China, Vietnam, Thailand, the United Sta... More
Ching Feng 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 Ching Feng'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 Ching Feng Home upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 6.19 |
Ching Feng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ching Feng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ching Feng's standard deviation. In reality, there are many statistical measures that can use Ching Feng historical prices to predict the future Ching Feng's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.0611 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4004 |
Ching Feng Home Backtested Returns
At this stage we consider Ching Stock to be not too volatile. Ching Feng Home secures Sharpe Ratio (or Efficiency) of 0.0114, which signifies that the company had a 0.0114% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Ching Feng Home, which you can use to evaluate the volatility of the firm. Please confirm Ching Feng's Risk Adjusted Performance of 0.0327, mean deviation of 1.9, and Downside Deviation of 2.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.0316%. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ching Feng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ching Feng is expected to be smaller as well. Ching Feng Home right now shows a risk of 2.77%. Please confirm Ching Feng Home semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Ching Feng Home will be following its price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Ching Feng Home has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ching Feng time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Ching Feng Home price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Ching Feng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Ching Feng Home lagged returns against current returns
Autocorrelation, which is Ching Feng 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 Ching Feng's stock expected returns. We can calculate the autocorrelation of Ching Feng returns to help us make a trade decision. For example, suppose you find that Ching Feng 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 |
Ching Feng 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 Ching Feng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ching Feng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ching Feng stock over time.
Current vs Lagged Prices |
| Timeline |
Ching Feng Lagged Returns
When evaluating Ching Feng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ching Feng stock have on its future price. Ching Feng 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, Ching Feng autocorrelation shows the relationship between Ching Feng stock current value and its past values and can show if there is a momentum factor associated with investing in Ching Feng Home.
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 Ching Stock Analysis
When running Ching Feng's price analysis, check to measure Ching Feng'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 Ching Feng is operating at the current time. Most of Ching Feng's value examination focuses on studying past and present price action to predict the probability of Ching Feng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ching Feng's price. Additionally, you may evaluate how the addition of Ching Feng to your portfolios can decrease your overall portfolio volatility.