Chian Competitors

Stocks . Taiwan . 
Stock . Chian Hsing Forging
4528 Stock  TWD 20.60  0.75  3.51%   
Chian Hsing Forging competes with Taihan Precision, I Yuan, Ta Jiang, Sun Race, and Hiroca Holdings; as well as few others. The company operates under Consumer Cyclical sector and is part of Auto Parts industry. Analyzing Chian Hsing 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 Chian Hsing to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Chian Hsing Correlation with its peers.

Chian Hsing vs Tayih Lun Correlation

Very poor diversification

The correlation between Chian Hsing Forging and 8107 is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chian Hsing Forging and 8107 in the same portfolio, assuming nothing else is changed.

Moving together with Chian Stock

  0.631319 Tong Yang IndustryPairCorr
  0.741536 Hota Industrial MfgPairCorr

Moving against Chian Stock

  0.442615 Wan Hai LinesPairCorr
Hype
Prediction
LowEstimatedHigh
18.3620.6022.84
Details
Intrinsic
Valuation
LowRealHigh
14.3916.6322.66
Details
Naive
Forecast
LowNextHigh
20.6222.8625.09
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.4217.5320.63
Details

Chian Hsing Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Chian Hsing 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 Chian 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 Chian Hsing Forging does not affect the price movement of the other competitor.

High positive correlations

8472
+ 0.87
2255
8107
+ 0.82
1526
1465
+ 0.82
2255
1465
+ 0.75
8472
8107
+ 0.7
1336
1338
+ 0.7
1453
  

High negative correlations

3607
- 0.73
8472
3607
- 0.7
2255
3607
- 0.58
1465
3607
- 0.14
1336
3607
- 0.12
1338
3607
- 0.07
2235

Risk-Adjusted Indicators

There is a big difference between Chian Stock performing well and Chian Hsing 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 Chian Hsing'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
1336  0.85  0.00  0.00  0.09  0.00 
 0.00 
 1.92 
(1.83)
 5.06 
2235  0.72  0.00 (0.05) 0.60  0.97 
(1.58)
 2.69 
(1.98)
 6.97 
1453  0.79 (0.15) 0.00 (0.42) 0.00 
 0.00 
 1.66 
(2.01)
 4.90 
1526  1.55  0.32  0.09 (0.41) 1.44 
(2.49)
 4.30 
(3.03)
 8.49 
2255  1.43 (0.57) 0.00  4.01  0.00 
 0.00 
 3.00 
(4.18)
 8.86 
8472  1.77 (0.23) 0.00  0.35  0.00 
 0.00 
 5.41 
(3.51)
 12.62 
1338  0.77 (0.10) 0.00 (0.21) 0.00 
 0.00 
 1.50 
(1.46)
 7.72 
1465  0.52 (0.10) 0.00 (2.25) 0.00 
 0.00 
 1.17 
(1.16)
 3.09 
3607  1.85  0.15  0.05  0.45  1.88 
(2.31)
 3.68 
(3.10)
 15.12 
8107  1.20  0.02 (0.04) 0.21  1.22 
(1.64)
 2.90 
(2.37)
 12.39 

Chian Hsing Competitive Analysis

The better you understand Chian Hsing competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Chian Hsing'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 Chian Hsing'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
4528 1336 2235 1453 1526 2255 8472 1338 1465 3607
 3.51 
 20.60 
Chian
 0.29 
 17.00 
Taihan
 0.43 
 34.80 
2235
 0.41 
 12.20 
1453
 5.73 
 22.20 
Sun
 1.94 
 20.20 
JET
 2.95 
 65.80 
GOMAJI
 0.72 
 20.55 
Hiroca
 0.40 
 12.50 
Wisher
 1.32 
 15.00 
Coxon
Market Volatility
(90 Days Market Risk)
Not too volatile
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Not too volatile
Market Performance
(90 Days Performance)
Mild
Weakest
Weakest
Weakest
Fair
Weakest
Weakest
Weakest
Weakest
Mild
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Small
Low
Unknown
Fair
Low
Small
Small
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly 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
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Hold
Cautious Hold
Cautious Hold
Current Ratio
1.39
N/A
N/A
5.02
2.42
N/A
N/A
2.32
10.4
1.87
Net Asset
4.61 B
2.27 B
2.13 B
1.89 B
2.83 B
N/A
N/A
11.71 B
1.83 B
3.89 B
Profit Margin
0.032
0.0725
0.25
0.33
0.17
N/A
N/A
0.0352
0.18
-0.0993
EBITDA
469.41 M
270.54 M
145.18 M
115.46 M
391.59 M
N/A
N/A
1.1 B
(70.64 M)
57.72 M
Operating Margin
0.0418
0.0979
0.16
-0.0736
0.21
N/A
N/A
0.0396
-0.0144
-0.13
Current Valuation
3.72 B
2.03 B
1.64 B
1.23 B
2.91 B
N/A
N/A
4.17 B
1.14 B
1.09 B
Price To Book
1.21
1.26
1.23
1.25
1.81
N/A
N/A
0.59
0.85
0.71
Five Year Return
3.72
N/A
N/A
N/A
N/A
N/A
N/A
4.05
4.72
N/A
Retained Earnings
N/A
N/A
N/A
123 M
111 M
N/A
N/A
2.56 B
378 M
1.79 B
Current Asset
N/A
N/A
N/A
720 M
837 M
N/A
N/A
5.3 B
2.01 B
5.95 B
Beta
0.94
0.87
0.25
0.68
1.15
N/A
N/A
0.75
0.32
1.25
Number Of Employees
9
14
211
7
11
N/A
17
15
10
10
Shares Outstanding
84.17 M
78.82 M
35.88 M
103.63 M
60 M
N/A
N/A
83.84 M
103.61 M
121.66 M
Cash Flow From Operations
236.39 M
89.25 M
197.4 M
(234.31 M)
(117.26 M)
N/A
N/A
406.32 M
(194.39 M)
(69.01 M)
Annual Yield
0.0141
0.0134
0.032
N/A
0.11
N/A
N/A
0.0558
0.0216
0.0823
Total Debt
752.37 M
126.07 M
N/A
397.93 M
260 M
N/A
N/A
1.2 B
N/A
N/A
Return On Equity
0.0362
0.11
0.15
0.0689
0.29
N/A
N/A
0.0432
0.0617
-0.14
Z Score
1.8
10.2
N/A
2.4
5.4
N/A
N/A
1.8
N/A
N/A
Return On Asset
0.0148
0.0598
0.0389
-0.0078
0.11
N/A
N/A
0.0177
-0.0028
-0.0711
Book Value Per Share
26.46
22.25
38.48
13.27
24.3
N/A
N/A
78.25
16.38
17.27
Current Liabilities
N/A
N/A
N/A
86 M
425 M
N/A
N/A
2.15 B
335 M
2.2 B
Total Asset
4.61 B
2.27 B
2.13 B
1.89 B
2.83 B
N/A
N/A
11.71 B
1.83 B
3.89 B
Debt To Equity
0.81
N/A
N/A
0.29
38.8
N/A
N/A
24.2
0.03
0.16
Last Dividend Paid
0.46
0.4
1.5
N/A
4.4
N/A
1.0
2.5
0.3
N/A
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
N/A
146.0
N/A
79.0
Shares Owned By Institutions
3.42
3.0
N/A
N/A
0.57
N/A
N/A
5.23
N/A
0.67
Market Capitalization
2.68 B
2.26 B
1.68 B
1.74 B
2.45 B
N/A
532.17 M
3.76 B
1.44 B
1.47 B
Price To Earning
10.4
N/A
N/A
122.15
13.53
N/A
N/A
12.53
4.16
-10.06
Price To Sales
1.1
0.82
2.15
6.0
1.12
N/A
N/A
0.47
2.47
0.45
Net Income
181.3 M
77.06 M
51.09 M
106.04 M
262.95 M
N/A
N/A
339.07 M
(95.9 M)
(270.32 M)
Earnings Per Share
0.93
2.29
5.6
0.87
6.44
N/A
N/A
3.29
0.98
-2.55
Shares Owned By Insiders
60.44
43.71
79.77
71.97
36.6
N/A
N/A
32.23
43.91
18.26
Revenue
2.54 B
2.09 B
704.88 M
44.29 M
1.89 B
N/A
N/A
7.31 B
441.52 M
3.84 B
Working Capital
N/A
N/A
N/A
634 M
412 M
N/A
N/A
3.16 B
1.68 B
3.75 B
Cash And Equivalents
752.64 M
N/A
N/A
465.03 M
280.75 M
N/A
N/A
2.9 B
1.67 B
933.47 M
Cash Per Share
8.94
N/A
N/A
4.49
4.68
N/A
N/A
34.64
17.48
7.67
Gross Profit
557.07 M
345.05 M
157.72 M
25.91 M
542.14 M
N/A
N/A
1.54 B
32.75 M
8.93 M
Day Typical Price
20.9
17.0
34.82
12.23
22.87
20.33
67.17
20.62
12.45
15.13
Accumulation Distribution
7073.76
6312.84
2.94
968.31
114166.0
435.26
1356.52
1409.32
1155.62
15156.08
Market Facilitation Index
0.0
0.0
0.0
0.0
0.0
0.0
2.0E-4
0.0
0.0
0.0
Daily Balance Of Power
(0.68)
(0.10)
3.0
0.5
(0.68)
(1.00)
(0.49)
(0.50)
0.3333
(0.40)
Period Momentum Indicator
(0.75)
(0.05)
0.15
0.05
(1.35)
(0.40)
(2.00)
(0.15)
0.05
(0.20)
Rate Of Daily Change
0.96
1.0
1.0
1.0
0.94
0.98
0.97
0.99
1.0
0.99
Day Median Price
21.05
17.0
34.83
12.25
23.2
20.4
67.85
20.65
12.43
15.2
Price Action Indicator
(0.82)
(0.03)
0.05
(0.03)
(1.68)
(0.40)
(3.05)
(0.17)
0.1
(0.30)
Relative Strength Index
68.19
60.07
54.34
42.38
71.55
27.33
39.94
47.88
43.22
55.04
Coefficient Of Variation
1352.41
(16,346)
31833.77
(959.93)
968.62
(338.31)
(771.95)
(1,812)
(804.47)
1240.19
Mean Deviation
1.34
0.8543
0.7164
0.7857
1.55
1.43
1.77
0.7729
0.5241
1.85
Jensen Alpha
0.1904
0.0017
(0)
(0.15)
0.3238
(0.57)
(0.23)
(0.10)
(0.1)
0.1515
Total Risk Alpha
(0.13)
(0.16)
(0.17)
(0.26)
(0.07)
(0.84)
(0.62)
(0.22)
(0.18)
(0.13)
Sortino Ratio
0.0407
N/A
(0.05)
N/A
0.0907
N/A
N/A
N/A
N/A
0.0474
Downside Variance
1.97
N/A
3.4
N/A
3.49
N/A
N/A
N/A
N/A
4.21
Standard Deviation
2.18
1.14
1.32
1.09
2.65
1.96
2.38
1.13
0.691
2.5
Kurtosis
10.54
1.68
3.73
1.41
6.83
0.7196
1.15
4.83
0.7461
2.67
Potential Upside
2.68
1.92
2.69
1.66
4.3
3.0
5.41
1.5
1.17
3.68
Treynor Ratio
(0.36)
0.0855
0.5986
(0.42)
(0.41)
4.01
0.3502
(0.21)
(2.25)
0.453
Maximum Drawdown
11.28
5.06
6.97
4.9
8.49
8.86
12.62
7.72
3.09
15.12
Variance
4.75
1.3
1.73
1.19
7.02
3.83
5.68
1.27
0.4775
6.23
Market Risk Adjusted Performance
(0.35)
0.0955
0.6086
(0.41)
(0.40)
4.02
0.3602
(0.20)
(2.24)
0.463
Risk Adjusted Performance
0.0612
(0)
0.0067
(0.07)
0.0835
(0.21)
(0.09)
(0.04)
(0.09)
0.0666
Skewness
2.56
0.7692
0.6869
0.054
2.05
0.0963
0.5504
1.02
0.3339
0.9743
Semi Deviation
1.2
N/A
0.9735
N/A
1.44
N/A
N/A
N/A
N/A
1.88
Information Ratio
0.0262
(0.1)
(0.08)
(0.20)
0.064
(0.35)
(0.17)
(0.15)
(0.27)
0.0389
Value At Risk
(2.23)
(1.83)
(1.98)
(2.01)
(3.03)
(4.18)
(3.51)
(1.46)
(1.16)
(3.10)
Expected Short fall
(2.08)
N/A
(1.58)
N/A
(2.49)
N/A
N/A
N/A
N/A
(2.31)
Downside Deviation
1.4
N/A
1.84
N/A
1.87
N/A
N/A
N/A
N/A
2.05
Semi Variance
1.43
N/A
0.9478
N/A
2.07
N/A
N/A
N/A
N/A
3.53

Chian Hsing Competition Performance Charts

Five steps to successful analysis of Chian Hsing Competition

Chian Hsing'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 Chian Hsing Forging in relation to its competition. Chian Hsing's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Chian Hsing 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 Chian Hsing's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Chian Hsing Forging, 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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Additional Tools for Chian Stock Analysis

When running Chian Hsing's price analysis, check to measure Chian Hsing'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 Chian Hsing is operating at the current time. Most of Chian Hsing's value examination focuses on studying past and present price action to predict the probability of Chian Hsing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chian Hsing's price. Additionally, you may evaluate how the addition of Chian Hsing to your portfolios can decrease your overall portfolio volatility.
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