Carnival Industrial (Taiwan) Market Value
| 1417 Stock | TWD 9.99 0.02 0.20% |
| Symbol | Carnival |
Carnival Industrial '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 Carnival Industrial'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 Carnival Industrial.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Carnival Industrial on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Carnival Industrial Corp or generate 0.0% return on investment in Carnival Industrial over 90 days. Carnival Industrial is related to or competes with Sports Gear, Asustek Computer, Loop Telecommunicatio, U Media, Elitegroup Computer, and Silicon Power. Carnival Industrial Corporation engages in the apparel business in Taiwan and internationally More
Carnival Industrial 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 Carnival Industrial'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 Carnival Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 0.9804 |
Carnival Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carnival Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carnival Industrial's standard deviation. In reality, there are many statistical measures that can use Carnival Industrial historical prices to predict the future Carnival Industrial's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.6859 |
Carnival Industrial Corp Backtested Returns
Carnival Industrial Corp secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Carnival Industrial Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carnival Industrial's Standard Deviation of 0.9231, mean deviation of 0.6807, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Carnival Industrial are expected to decrease at a much lower rate. During the bear market, Carnival Industrial is likely to outperform the market. At this point, Carnival Industrial Corp has a negative expected return of -0.18%. Please make sure to confirm Carnival Industrial's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Carnival Industrial Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Carnival Industrial Corp has good predictability. Overlapping area represents the amount of predictability between Carnival Industrial time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Carnival Industrial Corp price movement. The serial correlation of 0.73 indicates that around 73.0% of current Carnival Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Carnival Industrial Corp lagged returns against current returns
Autocorrelation, which is Carnival Industrial 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 Carnival Industrial's stock expected returns. We can calculate the autocorrelation of Carnival Industrial returns to help us make a trade decision. For example, suppose you find that Carnival Industrial 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 |
Carnival Industrial 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 Carnival Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carnival Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carnival Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Carnival Industrial Lagged Returns
When evaluating Carnival Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carnival Industrial stock have on its future price. Carnival Industrial 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, Carnival Industrial autocorrelation shows the relationship between Carnival Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Carnival Industrial Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Carnival Stock Analysis
When running Carnival Industrial's price analysis, check to measure Carnival Industrial'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 Carnival Industrial is operating at the current time. Most of Carnival Industrial's value examination focuses on studying past and present price action to predict the probability of Carnival Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnival Industrial's price. Additionally, you may evaluate how the addition of Carnival Industrial to your portfolios can decrease your overall portfolio volatility.