China General (Taiwan) Market Value
| 1305 Stock | TWD 14.65 0.05 0.34% |
| Symbol | China |
China General '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 China General'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 China General.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in China General on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding China General Plastics or generate 0.0% return on investment in China General over 390 days. China General is related to or competes with Cheng Shin, TSRC Corp, Taiwan Cement, China Steel, and Yulon. China General Plastics Corporation manufactures, markets, sells, and services various vinyl products in Taiwan and inter... More
China General 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 China General'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 China General Plastics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.12 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.53 |
China General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China General's standard deviation. In reality, there are many statistical measures that can use China General historical prices to predict the future China General's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (3.04) |
China General Plastics Backtested Returns
China General Plastics secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. China General Plastics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China General's Standard Deviation of 2.06, mean deviation of 1.34, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.063, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China General's returns are expected to increase less than the market. However, during the bear market, the loss of holding China General is expected to be smaller as well. At this point, China General Plastics has a negative expected return of -0.24%. Please make sure to confirm China General's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if China General Plastics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
China General Plastics has modest predictability. Overlapping area represents the amount of predictability between China General time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd of November 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 China General Plastics price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current China General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
China General Plastics lagged returns against current returns
Autocorrelation, which is China General 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 China General's stock expected returns. We can calculate the autocorrelation of China General returns to help us make a trade decision. For example, suppose you find that China General 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 |
China General 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 China General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China General stock over time.
Current vs Lagged Prices |
| Timeline |
China General Lagged Returns
When evaluating China General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China General stock have on its future price. China General 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, China General autocorrelation shows the relationship between China General stock current value and its past values and can show if there is a momentum factor associated with investing in China General Plastics.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for China Stock Analysis
When running China General's price analysis, check to measure China General'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 China General is operating at the current time. Most of China General's value examination focuses on studying past and present price action to predict the probability of China General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China General's price. Additionally, you may evaluate how the addition of China General to your portfolios can decrease your overall portfolio volatility.