Champion Building (Taiwan) Market Value
| 1806 Stock | TWD 10.65 0.20 1.91% |
| Symbol | Champion |
Champion Building '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 Champion Building'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 Champion Building.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Champion Building on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Champion Building Materials or generate 0.0% return on investment in Champion Building over 30 days. Champion Building is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. Champion Building Materials Co., Ltd., together with its subsidiaries manufactures and markets ceramics, ceramic product... More
Champion Building 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 Champion Building'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 Champion Building Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 4.26 |
Champion Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Champion Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Champion Building's standard deviation. In reality, there are many statistical measures that can use Champion Building historical prices to predict the future Champion Building's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.69) |
Champion Building Backtested Returns
Champion Building secures Sharpe Ratio (or Efficiency) of -0.0773, which signifies that the company had a -0.0773% return per unit of standard deviation over the last 3 months. Champion Building Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Champion Building's risk adjusted performance of (0.05), and Mean Deviation of 1.71 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Champion Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding Champion Building is expected to be smaller as well. At this point, Champion Building has a negative expected return of -0.19%. Please make sure to confirm Champion Building's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Champion Building performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Champion Building Materials has below average predictability. Overlapping area represents the amount of predictability between Champion Building 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 Champion Building price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Champion Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Champion Building lagged returns against current returns
Autocorrelation, which is Champion Building 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 Champion Building's stock expected returns. We can calculate the autocorrelation of Champion Building returns to help us make a trade decision. For example, suppose you find that Champion Building 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 |
Champion Building 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 Champion Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Champion Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Champion Building stock over time.
Current vs Lagged Prices |
| Timeline |
Champion Building Lagged Returns
When evaluating Champion Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Champion Building stock have on its future price. Champion Building 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, Champion Building autocorrelation shows the relationship between Champion Building stock current value and its past values and can show if there is a momentum factor associated with investing in Champion Building Materials.
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 Champion Stock Analysis
When running Champion Building's price analysis, check to measure Champion Building'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 Champion Building is operating at the current time. Most of Champion Building's value examination focuses on studying past and present price action to predict the probability of Champion Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Champion Building's price. Additionally, you may evaluate how the addition of Champion Building to your portfolios can decrease your overall portfolio volatility.