Bin Chuan (Taiwan) Market Value
| 1569 Stock | TWD 23.70 0.65 2.67% |
| Symbol | Bin |
Bin Chuan '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 Bin Chuan'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 Bin Chuan.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Bin Chuan on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Bin Chuan Enterprise or generate 0.0% return on investment in Bin Chuan over 90 days. Bin Chuan is related to or competes with Catcher Technology, Shin Zu, China Metal, and Lemtech Holdings. More
Bin Chuan 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 Bin Chuan'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 Bin Chuan Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 1.43 |
Bin Chuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bin Chuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bin Chuan's standard deviation. In reality, there are many statistical measures that can use Bin Chuan historical prices to predict the future Bin Chuan's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.6981 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bin Chuan'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.
Bin Chuan Enterprise Backtested Returns
Bin Chuan Enterprise secures Sharpe Ratio (or Efficiency) of -0.0526, which signifies that the company had a -0.0526% return per unit of risk over the last 3 months. Bin Chuan Enterprise exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bin Chuan's Risk Adjusted Performance of (0.07), standard deviation of 1.04, and Mean Deviation of 0.7039 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bin Chuan are expected to decrease at a much lower rate. During the bear market, Bin Chuan is likely to outperform the market. At this point, Bin Chuan Enterprise has a negative expected return of -0.05%. Please make sure to confirm Bin Chuan's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Bin Chuan Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Bin Chuan Enterprise has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bin Chuan time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Bin Chuan Enterprise price movement. The serial correlation of -0.77 indicates that around 77.0% of current Bin Chuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Bin Chuan Enterprise lagged returns against current returns
Autocorrelation, which is Bin Chuan 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 Bin Chuan's stock expected returns. We can calculate the autocorrelation of Bin Chuan returns to help us make a trade decision. For example, suppose you find that Bin Chuan 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 |
Bin Chuan 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 Bin Chuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bin Chuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bin Chuan stock over time.
Current vs Lagged Prices |
| Timeline |
Bin Chuan Lagged Returns
When evaluating Bin Chuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bin Chuan stock have on its future price. Bin Chuan 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, Bin Chuan autocorrelation shows the relationship between Bin Chuan stock current value and its past values and can show if there is a momentum factor associated with investing in Bin Chuan Enterprise.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Tools for Bin Stock Analysis
When running Bin Chuan's price analysis, check to measure Bin Chuan'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 Bin Chuan is operating at the current time. Most of Bin Chuan's value examination focuses on studying past and present price action to predict the probability of Bin Chuan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bin Chuan's price. Additionally, you may evaluate how the addition of Bin Chuan to your portfolios can decrease your overall portfolio volatility.