China Metal (Taiwan) Market Value
| 1532 Stock | TWD 34.20 0.30 0.88% |
| Symbol | China |
China Metal '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 Metal'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 Metal.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in China Metal on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding China Metal Products or generate 0.0% return on investment in China Metal over 30 days. China Metal is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. China Metal Products Co., Ltd. designs, manufactures, and retails iron casting products in Taiwan, the United States, Ja... More
China Metal 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 Metal'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 Metal Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 1.48 |
China Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Metal's standard deviation. In reality, there are many statistical measures that can use China Metal historical prices to predict the future China Metal's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.57) |
China Metal Products Backtested Returns
China Metal Products secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. China Metal Products exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Metal's Standard Deviation of 1.76, risk adjusted performance of (0.10), and Mean Deviation of 1.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Metal is expected to be smaller as well. At this point, China Metal Products has a negative expected return of -0.19%. Please make sure to confirm China Metal's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if China Metal Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
China Metal Products has very good reverse predictability. Overlapping area represents the amount of predictability between China Metal time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Metal Products price movement. The serial correlation of -0.66 indicates that around 66.0% of current China Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
China Metal Products lagged returns against current returns
Autocorrelation, which is China Metal 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 Metal's stock expected returns. We can calculate the autocorrelation of China Metal returns to help us make a trade decision. For example, suppose you find that China Metal 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 Metal 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 Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Metal stock over time.
Current vs Lagged Prices |
| Timeline |
China Metal Lagged Returns
When evaluating China Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Metal stock have on its future price. China Metal 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 Metal autocorrelation shows the relationship between China Metal stock current value and its past values and can show if there is a momentum factor associated with investing in China Metal Products.
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 Metal's price analysis, check to measure China Metal'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 Metal is operating at the current time. Most of China Metal's value examination focuses on studying past and present price action to predict the probability of China Metal'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 Metal's price. Additionally, you may evaluate how the addition of China Metal to your portfolios can decrease your overall portfolio volatility.