Chung Fu (Taiwan) Market Value
| 1435 Stock | TWD 42.90 0.85 2.02% |
| Symbol | Chung |
Chung Fu '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 Chung Fu'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 Chung Fu.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Chung Fu on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Chung Fu Tex International or generate 0.0% return on investment in Chung Fu over 510 days. Chung Fu is related to or competes with Chainqui Construction, Zinwell, Symtek Automation, CTCI Corp, Information Technology, SYN Tech, and Giant Manufacturing. Chung Fu Tex-International Corporation develops, leases, and sells residential and high-rise buildings More
Chung Fu 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 Chung Fu'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 Chung Fu Tex International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.07 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 6.19 |
Chung Fu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chung Fu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chung Fu's standard deviation. In reality, there are many statistical measures that can use Chung Fu historical prices to predict the future Chung Fu's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 1.56 |
Chung Fu Tex Backtested Returns
Chung Fu Tex secures Sharpe Ratio (or Efficiency) of -0.0348, which signifies that the company had a -0.0348% return per unit of risk over the last 3 months. Chung Fu Tex International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chung Fu's Mean Deviation of 1.75, risk adjusted performance of (0.02), and Standard Deviation of 2.85 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0695, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chung Fu are expected to decrease at a much lower rate. During the bear market, Chung Fu is likely to outperform the market. At this point, Chung Fu Tex has a negative expected return of -0.1%. Please make sure to confirm Chung Fu's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Chung Fu Tex performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Chung Fu Tex International has very good reverse predictability. Overlapping area represents the amount of predictability between Chung Fu time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Chung Fu Tex price movement. The serial correlation of -0.69 indicates that around 69.0% of current Chung Fu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 4.82 |
Chung Fu Tex lagged returns against current returns
Autocorrelation, which is Chung Fu 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 Chung Fu's stock expected returns. We can calculate the autocorrelation of Chung Fu returns to help us make a trade decision. For example, suppose you find that Chung Fu 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 |
Chung Fu 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 Chung Fu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chung Fu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chung Fu stock over time.
Current vs Lagged Prices |
| Timeline |
Chung Fu Lagged Returns
When evaluating Chung Fu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chung Fu stock have on its future price. Chung Fu 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, Chung Fu autocorrelation shows the relationship between Chung Fu stock current value and its past values and can show if there is a momentum factor associated with investing in Chung Fu Tex International.
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 Chung Stock Analysis
When running Chung Fu's price analysis, check to measure Chung Fu'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 Chung Fu is operating at the current time. Most of Chung Fu's value examination focuses on studying past and present price action to predict the probability of Chung Fu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chung Fu's price. Additionally, you may evaluate how the addition of Chung Fu to your portfolios can decrease your overall portfolio volatility.