Chunghwa Telecom Co Stock Market Value
CHT Stock | USD 38.54 0.69 1.82% |
Symbol | Chunghwa |
Chunghwa Telecom Price To Book Ratio
Is Chunghwa Telecom's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chunghwa Telecom. If investors know Chunghwa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chunghwa Telecom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0) | Dividend Share 4.758 | Earnings Share 1.47 | Revenue Per Share 71.935 | Quarterly Revenue Growth 0.04 |
The market value of Chunghwa Telecom is measured differently than its book value, which is the value of Chunghwa that is recorded on the company's balance sheet. Investors also form their own opinion of Chunghwa Telecom's value that differs from its market value or its book value, called intrinsic value, which is Chunghwa Telecom's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chunghwa Telecom's market value can be influenced by many factors that don't directly affect Chunghwa Telecom's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chunghwa Telecom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chunghwa Telecom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chunghwa Telecom's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Chunghwa Telecom '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 Chunghwa Telecom'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 Chunghwa Telecom.
07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Chunghwa Telecom on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Chunghwa Telecom Co or generate 0.0% return on investment in Chunghwa Telecom over 270 days. Chunghwa Telecom is related to or competes with T Mobile, Comcast Corp, Charter Communications, and Vodafone Group. Chunghwa Telecom Co., Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internatio... More
Chunghwa Telecom 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 Chunghwa Telecom'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 Chunghwa Telecom Co upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7202 | |||
Information Ratio | (0.1) | |||
Maximum Drawdown | 3.13 | |||
Value At Risk | (1.19) | |||
Potential Upside | 1.15 |
Chunghwa Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chunghwa Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chunghwa Telecom's standard deviation. In reality, there are many statistical measures that can use Chunghwa Telecom historical prices to predict the future Chunghwa Telecom's volatility.Risk Adjusted Performance | 0.0153 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | (0.1) | |||
Treynor Ratio | 0.015 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chunghwa Telecom'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.
Chunghwa Telecom Backtested Returns
We consider Chunghwa Telecom very steady. Chunghwa Telecom secures Sharpe Ratio (or Efficiency) of 0.0238, which signifies that the company had a 0.0238% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Chunghwa Telecom Co, which you can use to evaluate the volatility of the firm. Please confirm Chunghwa Telecom's Risk Adjusted Performance of 0.0153, mean deviation of 0.5592, and Downside Deviation of 0.7202 to double-check if the risk estimate we provide is consistent with the expected return of 0.0179%. Chunghwa Telecom has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chunghwa Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chunghwa Telecom is expected to be smaller as well. Chunghwa Telecom right now shows a risk of 0.75%. Please confirm Chunghwa Telecom value at risk, as well as the relationship between the skewness and day median price , to decide if Chunghwa Telecom will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Chunghwa Telecom Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chunghwa Telecom time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Chunghwa Telecom price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Chunghwa Telecom price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.12 | |
Spearman Rank Test | 0.01 | |
Residual Average | 0.0 | |
Price Variance | 0.23 |
Chunghwa Telecom lagged returns against current returns
Autocorrelation, which is Chunghwa Telecom 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 Chunghwa Telecom's stock expected returns. We can calculate the autocorrelation of Chunghwa Telecom returns to help us make a trade decision. For example, suppose you find that Chunghwa Telecom 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 |
Chunghwa Telecom 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 Chunghwa Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chunghwa Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chunghwa Telecom stock over time.
Current vs Lagged Prices |
Timeline |
Chunghwa Telecom Lagged Returns
When evaluating Chunghwa Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chunghwa Telecom stock have on its future price. Chunghwa Telecom 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, Chunghwa Telecom autocorrelation shows the relationship between Chunghwa Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Chunghwa Telecom Co.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chunghwa Telecom in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chunghwa Telecom's short interest history, or implied volatility extrapolated from Chunghwa Telecom options trading.
Pair Trading with Chunghwa Telecom
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 Chunghwa Telecom 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 Chunghwa Telecom will appreciate offsetting losses from the drop in the long position's value.Moving against Chunghwa Stock
0.46 | SJ | Scienjoy Holding Corp Report 26th of April 2024 | PairCorr |
0.45 | IRDM | Iridium Communications | PairCorr |
0.45 | TU | Telus Corp Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Chunghwa Telecom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chunghwa Telecom 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 Chunghwa Telecom - 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 Chunghwa Telecom Co to buy it.
The correlation of Chunghwa Telecom 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 Chunghwa Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chunghwa Telecom 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 Chunghwa Telecom 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.Check out Chunghwa Telecom Correlation, Chunghwa Telecom Volatility and Chunghwa Telecom Alpha and Beta module to complement your research on Chunghwa Telecom. Note that the Chunghwa Telecom information on this page should be used as a complementary analysis to other Chunghwa Telecom's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Chunghwa Stock analysis
When running Chunghwa Telecom's price analysis, check to measure Chunghwa Telecom'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 Chunghwa Telecom is operating at the current time. Most of Chunghwa Telecom's value examination focuses on studying past and present price action to predict the probability of Chunghwa Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chunghwa Telecom's price. Additionally, you may evaluate how the addition of Chunghwa Telecom to your portfolios can decrease your overall portfolio volatility.
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Chunghwa Telecom 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.