China Glaze (Taiwan) Market Value
| 1809 Stock | 23.30 2.10 9.91% |
| Symbol | China |
China Glaze '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 Glaze'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 Glaze.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in China Glaze on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding China Glaze Co or generate 0.0% return on investment in China Glaze over 360 days. China Glaze is related to or competes with Cheng Shin, Taiwan Cement, China Steel, and Yulon. China Glaze Co., Ltd. manufactures and sells ceramic glaze materials primarily in Asia. More
China Glaze 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 Glaze'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 Glaze Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.0166 | |||
| Maximum Drawdown | 11.88 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.01 |
China Glaze Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Glaze's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Glaze's standard deviation. In reality, there are many statistical measures that can use China Glaze historical prices to predict the future China Glaze's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.0858 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0177 | |||
| Treynor Ratio | 0.2493 |
China Glaze Backtested Returns
At this stage we consider China Stock to be not too volatile. China Glaze secures Sharpe Ratio (or Efficiency) of 0.0511, which signifies that the company had a 0.0511% return per unit of risk over the last 3 months. We have found thirty technical indicators for China Glaze Co, which you can use to evaluate the volatility of the firm. Please confirm China Glaze's Risk Adjusted Performance of 0.0564, downside deviation of 2.58, and Mean Deviation of 1.92 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. China Glaze has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Glaze's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Glaze is expected to be smaller as well. China Glaze right now shows a risk of 2.76%. Please confirm China Glaze downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if China Glaze will be following its price patterns.
Auto-correlation | -0.84 |
Excellent reverse predictability
China Glaze Co has excellent reverse predictability. Overlapping area represents the amount of predictability between China Glaze time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Glaze price movement. The serial correlation of -0.84 indicates that around 84.0% of current China Glaze price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 5.02 |
China Glaze lagged returns against current returns
Autocorrelation, which is China Glaze 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 Glaze's stock expected returns. We can calculate the autocorrelation of China Glaze returns to help us make a trade decision. For example, suppose you find that China Glaze 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 Glaze 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 Glaze stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Glaze stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Glaze stock over time.
Current vs Lagged Prices |
| Timeline |
China Glaze Lagged Returns
When evaluating China Glaze's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Glaze stock have on its future price. China Glaze 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 Glaze autocorrelation shows the relationship between China Glaze stock current value and its past values and can show if there is a momentum factor associated with investing in China Glaze Co.
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 Glaze's price analysis, check to measure China Glaze'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 Glaze is operating at the current time. Most of China Glaze's value examination focuses on studying past and present price action to predict the probability of China Glaze'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 Glaze's price. Additionally, you may evaluate how the addition of China Glaze to your portfolios can decrease your overall portfolio volatility.