Ching Competitors

Stocks . Taiwan . 
Stock . Ching Chan Optical
2070 Stock  TWD 45.35  0.15  0.33%   
Ching Chan Optical competes with CVC Technologies, Koge Micro, Single Well, JG Environmental, and Saultech Technology; as well as few others. The company operates under Industrials sector and is part of Specialty Industrial Machinery industry. Analyzing Ching Chan competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Ching Chan to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Ching Chan Correlation with its peers.

Ching Chan vs JDV Control Correlation

Excellent diversification

The correlation between Ching Chan Optical and 6843 is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ching Chan Optical and 6843 in the same portfolio, assuming nothing else is changed.

Moving against Ching Stock

  0.634506 Golden FriendsPairCorr
  0.422421 Sunonwealth ElectricPairCorr
Hype
Prediction
LowEstimatedHigh
43.0345.3547.67
Details
Intrinsic
Valuation
LowRealHigh
34.4736.7949.89
Details
Naive
Forecast
LowNextHigh
43.4745.7948.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
38.3642.9847.60
Details

Ching Chan Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ching Chan and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Ching and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ching Chan Optical does not affect the price movement of the other competitor.

High positive correlations

6705
+ 0.85
4584
6843
+ 0.69
4584
6843
+ 0.69
6705
6832
+ 0.5
7709
6723
+ 0.49
7709
3490
+ 0.48
4744
  

High negative correlations

6843
- 0.7
7709
6843
- 0.61
6832
6832
- 0.56
4584
6843
- 0.53
3490
6832
- 0.5
6705
4584
- 0.48
4744

Risk-Adjusted Indicators

There is a big difference between Ching Stock performing well and Ching Chan Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ching Chan's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
4744  1.52  0.00 (0.05) 0.00  2.15 
(1.47)
 3.27 
(3.12)
 9.70 
4568  0.70  0.03 (0.05)(1.12) 0.87 
(0.94)
 1.82 
(1.65)
 4.71 
7709  0.96  0.14  0.05  0.91  0.88 
(1.59)
 2.41 
(2.08)
 6.82 
4584  0.92 (0.20) 0.00  0.83  0.00 
 0.00 
 2.08 
(2.83)
 10.39 
3490  1.93 (0.02)(0.02) 0.06  2.04 
(2.18)
 4.12 
(3.01)
 10.90 
6705  2.17 (0.18) 0.00  0.36  0.00 
 0.00 
 5.49 
(5.04)
 15.01 
6832  3.14  0.39  0.09  0.57  3.27 
(5.86)
 5.93 
(5.00)
 59.07 
6723  1.38 (0.12) 0.00  1.10  0.00 
 0.00 
 3.59 
(3.42)
 7.85 
6812  2.88  0.11  0.02  0.33  3.05 
(3.46)
 5.37 
(5.68)
 23.46 
6843  1.14 (0.13) 0.00  0.43  0.00 
 0.00 
 2.87 
(2.60)
 9.05 

Ching Chan Competitive Analysis

The better you understand Ching Chan competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ching Chan's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ching Chan's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
2070 4744 4568 7709 4584 3490 6705 6832 6723 6812
 0.33 
 45.35 
Ching
 0.17 
 29.20 
CVC
 0.59 
 42.50 
Koge
 1.93 
 42.30 
7709
 1.83 
 45.50 
Jufan
 2.86 
 25.50 
Single
 1.27 
 62.00 
MARTAS
 4.05 
 54.50 
Kings
 1.33 
 48.35 
6723
 3.09 
 50.00 
Saultech
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Market Performance
(90 Days Performance)
Soft
Weakest
Weak
Fair
Weakest
Weak
Weakest
Mild
Weakest
Soft
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Unknown
Unknown
Low
Unknown
Unknown
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Sell
Hold
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
2.19
N/A
N/A
5.08
N/A
N/A
1.48
3.32
Net Asset
1.47 B
2.06 B
1.78 B
N/A
N/A
1.67 B
N/A
N/A
N/A
N/A
Profit Margin
0.17
0.0993
0.14
N/A
N/A
0.23
N/A
N/A
1.01
22.95
EBITDA
176.6 M
112.92 M
242.11 M
N/A
N/A
195.29 M
N/A
N/A
9.98 M
234.21 M
Operating Margin
0.14
1.0E-4
0.1
N/A
N/A
0.19
N/A
N/A
1.04
28.81
Current Valuation
1.07 B
1.53 B
1.3 B
N/A
N/A
1.27 B
N/A
N/A
552.72 M
738.98 M
Price To Book
1.42
1.34
1.58
N/A
N/A
1.06
N/A
N/A
1.68
1.48
Beta
0.69
0.33
0.57
N/A
N/A
0.78
N/A
N/A
0.47
N/A
Number Of Employees
6
26
8
N/A
N/A
11
N/A
N/A
10
97
Shares Outstanding
35.78 M
45.3 M
32 M
N/A
N/A
53.86 M
N/A
N/A
20.5 M
30.2 M
Cash Flow From Operations
196.33 M
81.05 M
315.77 M
N/A
N/A
173.77 M
N/A
N/A
47.84 M
50.92 M
Annual Yield
0.0389
0.035
0.0642
N/A
N/A
0.0482
N/A
N/A
N/A
N/A
Total Debt
193.26 M
239.88 M
103.54 M
N/A
N/A
131.28 M
N/A
N/A
192.58 M
1.76 M
Return On Equity
0.12
0.11
0.17
N/A
N/A
0.096
N/A
N/A
2.19
20.84
Z Score
4.2
3.6
10.8
N/A
N/A
6.0
N/A
N/A
1.2
N/A
Return On Asset
0.0367
N/A
0.0515
N/A
N/A
0.0383
N/A
N/A
0.54
10.5
Book Value Per Share
23.92
21.09
37.32
N/A
N/A
22.95
N/A
N/A
15.15
33.59
Total Asset
1.47 B
2.06 B
1.78 B
N/A
N/A
1.67 B
N/A
N/A
N/A
N/A
Last Dividend Paid
1.5
1.2
3.81
N/A
N/A
1.2
N/A
N/A
1.5
4.0
Target Price
N/A
46.0
79.03
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Debt To Equity
N/A
N/A
0.093
N/A
N/A
10.5
N/A
N/A
0.62
0.001
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
0.76
N/A
N/A
N/A
N/A
Market Capitalization
1.37 B
1.54 B
1.91 B
N/A
N/A
1.36 B
N/A
N/A
522.75 M
1.5 B
Price To Earning
N/A
N/A
11.99
N/A
N/A
N/A
N/A
N/A
77.98
8.1
Price To Sales
2.15
1.25
1.33
N/A
N/A
2.61
N/A
N/A
0.79
1.92
Net Income
95.22 M
76.17 M
148.9 M
N/A
N/A
124.63 M
N/A
N/A
6.7 M
179.15 M
Earnings Per Share
2.76
1.86
6.23
N/A
N/A
2.12
N/A
N/A
0.33
6.12
Shares Owned By Insiders
63.77
29.92
67.89
N/A
N/A
17.44
N/A
N/A
N/A
N/A
Revenue
596.52 M
1.09 B
1.37 B
N/A
N/A
525.28 M
N/A
N/A
662.91 M
780.79 M
Cash And Equivalents
N/A
N/A
595.11 M
N/A
N/A
150.66 M
N/A
N/A
162.61 M
760.74 M
Cash Per Share
N/A
N/A
18.88
N/A
N/A
2.43
N/A
N/A
7.93
25.19
Gross Profit
299.51 M
449.87 M
449.91 M
N/A
N/A
200.12 M
N/A
N/A
111.86 M
521.16 M
Day Typical Price
45.53
29.32
42.5
42.15
45.83
25.9
62.33
55.1
48.47
49.52
Accumulation Distribution
2057.22
4294.14
N/A
1100.23
1077.11
37375.69
1579.74
1833.72
2527.49
1694.67
Market Facilitation Index
0.0
0.0
N/A
0.0
1.0E-4
0.0
1.0E-4
2.0E-4
2.0E-4
0.0
Daily Balance Of Power
(0.20)
(0.11)
9.2 T
1.230769
(0.42)
(0.62)
(0.29)
(0.52)
(0.14)
0.8108
Period Momentum Indicator
(0.15)
(0.05)
0.25
0.8
(0.85)
(0.75)
(0.80)
(2.30)
(0.65)
1.5
Rate Of Daily Change
1.0
1.0
1.01
1.02
0.98
0.97
0.99
0.96
0.99
1.03
Day Median Price
45.63
29.38
42.5
42.08
46.0
26.1
62.5
55.4
48.53
49.28
Price Action Indicator
(0.35)
(0.20)
0.13
0.62
(0.93)
(0.97)
(0.90)
(2.05)
(0.50)
1.47
Relative Strength Index
59.89
48.44
52.19
67.79
33.96
50.81
42.44
53.97
50.97
50.64
Coefficient Of Variation
1590.33
46659.82
2697.72
818.83
(722.73)
4477.3
(1,253)
1404.6
(1,541)
2520.68
Mean Deviation
1.66
1.52
0.7
0.9622
0.9185
1.93
2.17
3.14
1.38
2.88
Jensen Alpha
0.1466
N/A
0.03
0.1434
(0.20)
(0.02)
(0.18)
0.3863
(0.12)
0.1065
Total Risk Alpha
(0.16)
(0.27)
(0.10)
(0.02)
(0.42)
(0.26)
(0.63)
(0.38)
(0.38)
(0.36)
Sortino Ratio
0.0239
(0.05)
(0.05)
0.0497
N/A
(0.02)
N/A
0.0876
N/A
0.0174
Downside Variance
3.06
4.79
1.64
1.75
N/A
4.48
N/A
17.68
N/A
10.07
Standard Deviation
2.32
2.06
1.02
1.39
1.54
2.35
2.99
6.63
1.91
4.02
Kurtosis
4.38
1.48
0.8114
1.35
4.03
(0.36)
0.8339
24.51
0.3589
4.86
Potential Upside
4.75
3.27
1.82
2.41
2.08
4.12
5.49
5.93
3.59
5.37
Treynor Ratio
(1.19)
N/A
(1.12)
0.9147
0.8294
0.0642
0.3555
0.5717
1.1
0.3276
Maximum Drawdown
13.29
9.7
4.71
6.82
10.39
10.9
15.01
59.07
7.85
23.46
Variance
5.38
4.23
1.03
1.93
2.36
5.51
8.94
44.01
3.65
16.14
Market Risk Adjusted Performance
(1.18)
N/A
(1.11)
0.9247
0.8394
0.0742
0.3655
0.5817
1.11
0.3376
Risk Adjusted Performance
0.0533
0.008
0.0301
0.0949
(0.1)
0.0233
(0.05)
0.0615
(0.04)
0.0375
Skewness
1.55
(0.19)
0.0743
0.5832
(0.31)
0.4452
(0.03)
3.79
(0.09)
1.48
Semi Deviation
1.6
2.15
0.8725
0.8762
N/A
2.04
N/A
3.27
N/A
3.05
Information Ratio
0.018
(0.05)
(0.07)
0.0473
(0.21)
(0.02)
(0.11)
0.0555
(0.12)
0.0138
Value At Risk
(2.68)
(3.12)
(1.65)
(2.08)
(2.83)
(3.01)
(5.04)
(5.00)
(3.42)
(5.68)
Expected Short fall
(2.05)
(1.47)
(0.94)
(1.59)
N/A
(2.18)
N/A
(5.86)
N/A
(3.46)
Downside Deviation
1.75
2.19
1.28
1.32
N/A
2.12
N/A
4.2
N/A
3.17
Semi Variance
2.56
4.62
0.7613
0.7677
N/A
4.15
N/A
10.67
N/A
9.31

Ching Chan Competition Performance Charts

Five steps to successful analysis of Ching Chan Competition

Ching Chan's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ching Chan Optical in relation to its competition. Ching Chan's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Ching Chan in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ching Chan's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ching Chan Optical, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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In addition to having Ching Chan in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Millennials Best Theme
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Additional Tools for Ching Stock Analysis

When running Ching Chan's price analysis, check to measure Ching Chan'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 Chan is operating at the current time. Most of Ching Chan's value examination focuses on studying past and present price action to predict the probability of Ching Chan'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 Chan's price. Additionally, you may evaluate how the addition of Ching Chan to your portfolios can decrease your overall portfolio volatility.
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