China Ecotek (Taiwan) Market Value
| 1535 Stock | TWD 61.40 0.60 0.99% |
| Symbol | China |
China Ecotek '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 Ecotek'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 Ecotek.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in China Ecotek on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding China Ecotek Corp or generate 0.0% return on investment in China Ecotek over 30 days. China Ecotek is related to or competes with CHC Resources, China Steel, TTET Union, Standard Foods, and Asia Cement. China Ecotek Corporation operates as an engineering company in Taiwan More
China Ecotek 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 Ecotek'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 Ecotek Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.53 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.82 |
China Ecotek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Ecotek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Ecotek's standard deviation. In reality, there are many statistical measures that can use China Ecotek historical prices to predict the future China Ecotek's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.09) |
China Ecotek Corp Backtested Returns
At this stage we consider China Stock to be very steady. China Ecotek Corp secures Sharpe Ratio (or Efficiency) of 0.0619, which signifies that the company had a 0.0619% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for China Ecotek Corp, which you can use to evaluate the volatility of the firm. Please confirm China Ecotek's Mean Deviation of 0.8881, insignificant risk adjusted performance, and Standard Deviation of 1.18 to double-check if the risk estimate we provide is consistent with the expected return of 0.0707%. China Ecotek has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Ecotek's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Ecotek is expected to be smaller as well. China Ecotek Corp right now shows a risk of 1.14%. Please confirm China Ecotek Corp standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if China Ecotek Corp will be following its price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
China Ecotek Corp has poor reverse predictability. Overlapping area represents the amount of predictability between China Ecotek time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Ecotek Corp price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current China Ecotek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
China Ecotek Corp lagged returns against current returns
Autocorrelation, which is China Ecotek 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 Ecotek's stock expected returns. We can calculate the autocorrelation of China Ecotek returns to help us make a trade decision. For example, suppose you find that China Ecotek 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 Ecotek 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 Ecotek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Ecotek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Ecotek stock over time.
Current vs Lagged Prices |
| Timeline |
China Ecotek Lagged Returns
When evaluating China Ecotek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Ecotek stock have on its future price. China Ecotek 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 Ecotek autocorrelation shows the relationship between China Ecotek stock current value and its past values and can show if there is a momentum factor associated with investing in China Ecotek 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 China Stock Analysis
When running China Ecotek's price analysis, check to measure China Ecotek'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 Ecotek is operating at the current time. Most of China Ecotek's value examination focuses on studying past and present price action to predict the probability of China Ecotek'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 Ecotek's price. Additionally, you may evaluate how the addition of China Ecotek to your portfolios can decrease your overall portfolio volatility.