Chia Hsin (Taiwan) Market Value
| 1103 Stock | TWD 17.80 0.10 0.56% |
| Symbol | Chia |
Chia Hsin '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 Chia Hsin'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 Chia Hsin.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Chia Hsin on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Chia Hsin Cement or generate 0.0% return on investment in Chia Hsin over 30 days. Chia Hsin is related to or competes with Oriental Union, Everlight Chemical, and China Man. Chia Hsin Cement Corporation manufactures and sells Portland cement under the Olympia brand name in China More
Chia Hsin 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 Chia Hsin'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 Chia Hsin Cement upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.17 |
Chia Hsin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chia Hsin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chia Hsin's standard deviation. In reality, there are many statistical measures that can use Chia Hsin historical prices to predict the future Chia Hsin's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (1.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chia Hsin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chia Hsin Cement Backtested Returns
Chia Hsin Cement secures Sharpe Ratio (or Efficiency) of -0.0276, which signifies that the company had a -0.0276% return per unit of risk over the last 3 months. Chia Hsin Cement exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chia Hsin's Risk Adjusted Performance of (0.05), standard deviation of 0.8081, and Mean Deviation of 0.6435 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0639, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chia Hsin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chia Hsin is expected to be smaller as well. Chia Hsin Cement has an expected return of -0.0222%. Please make sure to confirm Chia Hsin Cement mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Chia Hsin Cement performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Chia Hsin Cement has very weak reverse predictability. Overlapping area represents the amount of predictability between Chia Hsin time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Chia Hsin Cement price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Chia Hsin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Chia Hsin Cement lagged returns against current returns
Autocorrelation, which is Chia Hsin 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 Chia Hsin's stock expected returns. We can calculate the autocorrelation of Chia Hsin returns to help us make a trade decision. For example, suppose you find that Chia Hsin 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 |
Chia Hsin 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 Chia Hsin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chia Hsin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chia Hsin stock over time.
Current vs Lagged Prices |
| Timeline |
Chia Hsin Lagged Returns
When evaluating Chia Hsin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chia Hsin stock have on its future price. Chia Hsin 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, Chia Hsin autocorrelation shows the relationship between Chia Hsin stock current value and its past values and can show if there is a momentum factor associated with investing in Chia Hsin Cement.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Chia Hsin Correlation, Chia Hsin Volatility and Chia Hsin Alpha and Beta module to complement your research on Chia Hsin. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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When running Chia Hsin's price analysis, check to measure Chia Hsin'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 Chia Hsin is operating at the current time. Most of Chia Hsin's value examination focuses on studying past and present price action to predict the probability of Chia Hsin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chia Hsin's price. Additionally, you may evaluate how the addition of Chia Hsin to your portfolios can decrease your overall portfolio volatility.
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Chia Hsin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.