Taiwan Chelic (Taiwan) Market Value
| 4555 Stock | TWD 63.80 0.20 0.31% |
| Symbol | Taiwan |
Taiwan Chelic '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 Taiwan Chelic'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 Taiwan Chelic.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Taiwan Chelic on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Chelic Corp or generate 0.0% return on investment in Taiwan Chelic over 30 days. Taiwan Chelic is related to or competes with Altek Corp, Promise Technology, Edom Technology, Spirox Corp, and ALi Corp. Ltd. manufactures and sells pneumatic and electric actuator automation components in Taiwan and internationally More
Taiwan Chelic 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 Taiwan Chelic'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 Taiwan Chelic Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.63 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.81 |
Taiwan Chelic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Chelic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Chelic's standard deviation. In reality, there are many statistical measures that can use Taiwan Chelic historical prices to predict the future Taiwan Chelic's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.0141 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0954 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taiwan Chelic'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.
Taiwan Chelic Corp Backtested Returns
Taiwan Chelic Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0238, which indicates the firm had a -0.0238% return per unit of risk over the last 3 months. Taiwan Chelic Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Chelic's Coefficient Of Variation of 2935.05, risk adjusted performance of 0.028, and Semi Deviation of 1.63 to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taiwan Chelic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Chelic is expected to be smaller as well. Taiwan Chelic Corp has an expected return of -0.0461%. Please make sure to validate Taiwan Chelic downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Taiwan Chelic Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Taiwan Chelic Corp has average predictability. Overlapping area represents the amount of predictability between Taiwan Chelic time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Taiwan Chelic Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Taiwan Chelic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Taiwan Chelic Corp lagged returns against current returns
Autocorrelation, which is Taiwan Chelic 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 Taiwan Chelic's stock expected returns. We can calculate the autocorrelation of Taiwan Chelic returns to help us make a trade decision. For example, suppose you find that Taiwan Chelic 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 |
Taiwan Chelic 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 Taiwan Chelic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Chelic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Chelic stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Chelic Lagged Returns
When evaluating Taiwan Chelic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Chelic stock have on its future price. Taiwan Chelic 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, Taiwan Chelic autocorrelation shows the relationship between Taiwan Chelic stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Chelic Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Taiwan Chelic Correlation, Taiwan Chelic Volatility and Taiwan Chelic Alpha and Beta module to complement your research on Taiwan Chelic. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running Taiwan Chelic's price analysis, check to measure Taiwan Chelic'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 Taiwan Chelic is operating at the current time. Most of Taiwan Chelic's value examination focuses on studying past and present price action to predict the probability of Taiwan Chelic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Chelic's price. Additionally, you may evaluate how the addition of Taiwan Chelic to your portfolios can decrease your overall portfolio volatility.
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Taiwan Chelic 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.