Bin Chuan (Taiwan) Market Value
| 1569 Stock | TWD 64.90 4.80 7.99% |
| Symbol | Bin |
Bin Chuan '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 Bin Chuan'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 Bin Chuan.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Bin Chuan on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Bin Chuan Enterprise or generate 0.0% return on investment in Bin Chuan over 30 days. Bin Chuan is related to or competes with Posiflex Technology, Microelectronics, Voltronic Power, HOYA Resort, Simplo Technology, Sunnic Technology, and Asmedia Technology. More
Bin Chuan 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 Bin Chuan'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 Bin Chuan Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.3161 | |||
| Maximum Drawdown | 15.61 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 8.23 |
Bin Chuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bin Chuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bin Chuan's standard deviation. In reality, there are many statistical measures that can use Bin Chuan historical prices to predict the future Bin Chuan's volatility.| Risk Adjusted Performance | 0.2778 | |||
| Jensen Alpha | 1.31 | |||
| Total Risk Alpha | 0.6825 | |||
| Sortino Ratio | 0.4014 | |||
| Treynor Ratio | (25.02) |
Bin Chuan Enterprise Backtested Returns
Bin Chuan is very steady given 3 months investment horizon. Bin Chuan Enterprise secures Sharpe Ratio (or Efficiency) of 0.37, which signifies that the company had a 0.37% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.39% are justified by taking the suggested risk. Use Bin Chuan Risk Adjusted Performance of 0.2778, mean deviation of 2.93, and Downside Deviation of 2.93 to evaluate company specific risk that cannot be diversified away. Bin Chuan holds a performance score of 29 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0521, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bin Chuan are expected to decrease at a much lower rate. During the bear market, Bin Chuan is likely to outperform the market. Use Bin Chuan coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on Bin Chuan.
Auto-correlation | 0.79 |
Good predictability
Bin Chuan Enterprise has good predictability. Overlapping area represents the amount of predictability between Bin Chuan time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Bin Chuan Enterprise price movement. The serial correlation of 0.79 indicates that around 79.0% of current Bin Chuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 39.25 |
Bin Chuan Enterprise lagged returns against current returns
Autocorrelation, which is Bin Chuan 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 Bin Chuan's stock expected returns. We can calculate the autocorrelation of Bin Chuan returns to help us make a trade decision. For example, suppose you find that Bin Chuan 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 |
Bin Chuan 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 Bin Chuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bin Chuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bin Chuan stock over time.
Current vs Lagged Prices |
| Timeline |
Bin Chuan Lagged Returns
When evaluating Bin Chuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bin Chuan stock have on its future price. Bin Chuan 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, Bin Chuan autocorrelation shows the relationship between Bin Chuan stock current value and its past values and can show if there is a momentum factor associated with investing in Bin Chuan Enterprise.
Regressed Prices |
| Timeline |
Pair Trading with Bin Chuan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bin Chuan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bin Chuan will appreciate offsetting losses from the drop in the long position's value.Moving against Bin Stock
| 0.82 | 2474 | Catcher Technology | PairCorr |
| 0.82 | 1532 | China Metal Products | PairCorr |
| 0.81 | 2211 | Evergreen Steel Corp | PairCorr |
| 0.79 | 3631 | Chernan Metal Industrial | PairCorr |
| 0.7 | 2327 | Yageo Corp | PairCorr |
The ability to find closely correlated positions to Bin Chuan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bin Chuan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bin Chuan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bin Chuan Enterprise to buy it.
The correlation of Bin Chuan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bin Chuan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bin Chuan Enterprise moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bin Chuan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Bin Stock Analysis
When running Bin Chuan's price analysis, check to measure Bin Chuan'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 Bin Chuan is operating at the current time. Most of Bin Chuan's value examination focuses on studying past and present price action to predict the probability of Bin Chuan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bin Chuan's price. Additionally, you may evaluate how the addition of Bin Chuan to your portfolios can decrease your overall portfolio volatility.