Chyang Sheng (Taiwan) Market Value
| 1463 Stock | 24.85 0.05 0.20% |
| Symbol | Chyang |
Chyang Sheng '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 Chyang Sheng'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 Chyang Sheng.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Chyang Sheng on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Chyang Sheng Dyeing or generate 0.0% return on investment in Chyang Sheng over 30 days. Chyang Sheng is related to or competes with Est Global, Chien Kuo, Pacific Construction, Hung Sheng, Trade Van, and Strong H. Chyang Sheng Dyeing Finishing Co. Ltd. offer dyeing and finishing services for various natural and manmade fibers in Hong Kong, Europe, the United States, and Japan. More
Chyang Sheng 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 Chyang Sheng'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 Chyang Sheng Dyeing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.38 |
Chyang Sheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chyang Sheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chyang Sheng's standard deviation. In reality, there are many statistical measures that can use Chyang Sheng historical prices to predict the future Chyang Sheng's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.1351 |
Chyang Sheng Dyeing Backtested Returns
Chyang Sheng Dyeing secures Sharpe Ratio (or Efficiency) of -0.0095, which signifies that the company had a -0.0095% return per unit of risk over the last 3 months. Chyang Sheng Dyeing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chyang Sheng's Mean Deviation of 1.01, standard deviation of 1.6, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chyang Sheng are expected to decrease at a much lower rate. During the bear market, Chyang Sheng is likely to outperform the market. At this point, Chyang Sheng Dyeing has a negative expected return of -0.0155%. Please make sure to confirm Chyang Sheng's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Chyang Sheng Dyeing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Chyang Sheng Dyeing has very good predictability. Overlapping area represents the amount of predictability between Chyang Sheng time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Chyang Sheng Dyeing price movement. The serial correlation of 0.83 indicates that around 83.0% of current Chyang Sheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Chyang Sheng Dyeing lagged returns against current returns
Autocorrelation, which is Chyang Sheng 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 Chyang Sheng's stock expected returns. We can calculate the autocorrelation of Chyang Sheng returns to help us make a trade decision. For example, suppose you find that Chyang Sheng 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 |
Chyang Sheng 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 Chyang Sheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chyang Sheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chyang Sheng stock over time.
Current vs Lagged Prices |
| Timeline |
Chyang Sheng Lagged Returns
When evaluating Chyang Sheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chyang Sheng stock have on its future price. Chyang Sheng 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, Chyang Sheng autocorrelation shows the relationship between Chyang Sheng stock current value and its past values and can show if there is a momentum factor associated with investing in Chyang Sheng Dyeing.
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 Chyang Stock Analysis
When running Chyang Sheng's price analysis, check to measure Chyang Sheng'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 Chyang Sheng is operating at the current time. Most of Chyang Sheng's value examination focuses on studying past and present price action to predict the probability of Chyang Sheng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chyang Sheng's price. Additionally, you may evaluate how the addition of Chyang Sheng to your portfolios can decrease your overall portfolio volatility.