Standard Chemical (Taiwan) Market Value
| 1720 Stock | TWD 64.40 0.80 1.26% |
| Symbol | Standard |
Standard Chemical '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 Standard Chemical'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 Standard Chemical.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Standard Chemical on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Standard Chemical Pharmaceutical or generate 0.0% return on investment in Standard Chemical over 30 days. Standard Chemical is related to or competes with Sinphar Pharmaceutical, Grape King, Apex Biotechnology, and Maywufa. Standard Chem Pharm CO., LTD. engages in the manufacture and sale of pharmaceutical products in Taiwan and international... More
Standard Chemical 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 Standard Chemical'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 Standard Chemical Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.32 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.57 |
Standard Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Standard Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Standard Chemical's standard deviation. In reality, there are many statistical measures that can use Standard Chemical historical prices to predict the future Standard Chemical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.26) |
Standard Chemical Backtested Returns
Standard Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0378, which indicates the firm had a -0.0378% return per unit of risk over the last 3 months. Standard Chemical Pharmaceutical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Standard Chemical's Variance of 1.01, coefficient of variation of (2,185), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Standard Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Standard Chemical is expected to be smaller as well. At this point, Standard Chemical has a negative expected return of -0.0381%. Please make sure to validate Standard Chemical's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Standard Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Standard Chemical Pharmaceutical has good predictability. Overlapping area represents the amount of predictability between Standard Chemical time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Standard Chemical price movement. The serial correlation of 0.67 indicates that around 67.0% of current Standard Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Standard Chemical lagged returns against current returns
Autocorrelation, which is Standard Chemical 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 Standard Chemical's stock expected returns. We can calculate the autocorrelation of Standard Chemical returns to help us make a trade decision. For example, suppose you find that Standard Chemical 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 |
Standard Chemical 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 Standard Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Standard Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Standard Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Standard Chemical Lagged Returns
When evaluating Standard Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Standard Chemical stock have on its future price. Standard Chemical 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, Standard Chemical autocorrelation shows the relationship between Standard Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Standard Chemical Pharmaceutical.
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 Standard Stock Analysis
When running Standard Chemical's price analysis, check to measure Standard Chemical'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 Standard Chemical is operating at the current time. Most of Standard Chemical's value examination focuses on studying past and present price action to predict the probability of Standard Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Standard Chemical's price. Additionally, you may evaluate how the addition of Standard Chemical to your portfolios can decrease your overall portfolio volatility.